Minnesota remote care company Healthsense is looking to expand its reach with the $10 million in financing, eying opportunities in managed care and home health.
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.
Healthsense Inc. is looking to raise $6.8 million from the sale of equity and warrants, according to documents filed with the Securities & Exchange Commission.
The company, based in Mendota Heights, Minn., makes remote home monitoring technologies for the elderly. Healthsense will use the money to fund working capital and development of new versions of its core eNeighborhood products, CFO Terry Barck said.