Healthsense, the fastest growing provider of technology-enabled care solutions for the senior care continuum, announced today that it has closed on $10 million in financing led by Mansa Capital, a Boston-based private equity firm focused on the $2.8 trillion U.S. healthcare market. Previous investors Merck Global Health Innovation Fund and Radius Ventures LLC also participated in the round.
Another digital health company is finding some market traction and some new funding in the home monitoring business. Healthsense makes a remote monitoring system for people with chronic diseases. The systems are sold to healthcare providers who need to keep track of the health of these patients and intervene if they detect that something’s going wrong. If they can detect it early, the thinking goes, they can keep the patient healthy and avoid expensive hospital re-admissions. The remote system consists of a series of sensors to ensure medication is taken and that elderly patients don’t wander. The sensors report back to a software system to establish a normal routine for each patient.