News
March 4, 2009
Medical device co EarlySense
raises $2m
Published by: Globes
EarlySense has developed EverOn, a wireless patient supervision system installed
underneath the hospital bed mattress.
Medical device start-up EarlySense Ltd. Has raised $2 million in a private placement
from shareholders. The sum includes a $190,000 bridge loan from
ProSeed Venture Capital Fund (TASE:PRSD). The loan bears LIBOR
plus 3%, and can be converted into EarlySense shares at a discount
on the share price set in the company's next financing round. In
addition to ProSeed, EarlySense's investors include Challenge Fund
- Etgar, Docor International Management Ltd., Bridge Investment
Fund LP, and Orange Blossom Ventures Ltd.
EarlySense has developed EverOn, a wireless patient supervision system installed
underneath the hospital bed mattress. The system measures patient
vital signs and movements and alerts nurses of any change in condition.
EverOn detects heart and respiration rates, bed entries and exits,
as well as patient movement and turns.
Yesterday, EarlySense announced a trial of EverOn with California's Catholic
Healthcare West (CHW).
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