Healthsense Inc., a company using technology to monitor the health and wellness of senior citizens, is hoping to raise another $1.2 million, according to a Securities & Exchange Commission filing.
The Mendota Heights, Minn.-based company markets an “eNeighbor” system that uses wireless technology to monitor senior citizens in real time. It includes motion detectors that can detect when someone’s left a bed or flushed a toilet, or call buttons to check in on a regular basis or contact a nurse.
The funding round consists of an offering a equity and options, according to the filing.
The primary customers are senior living facilities. But the products could help home care become an alternative to a broader number of seniors — such as those with dementia — who would otherwise need nursing-home care.
The company has been expanding since late last year, when it raised about $7 million through an investment with Radius Ventures (PDF). It is using that money for new sales efforts as well as to push into new markets.
Since the Radius investment, the company has added new board members (PDF) and won some high-profile industry plaudits, such as when it was named a “Game Changer” at the recent Consumer Electronic Show’s Digital Health Summit.