Tuesday, October 19, 2010

CVG Member Radius Ventures, LLC leads financing

Radius Ventures, LLC (“Radius”). Radius, a focused health and life sciences venture fund, hs led a financing round for Healthsense, Inc., a leading provider of next-generation wireless sensors and remote monitoring solutions for the senior care market. Radius was joined in the round by Healthsense’s existing investors, including Ziegler HealthVest Partners, LP and its affiliate The Ziegler Companies, Inc. Healthsense has emerged as a leader in Wi-Fi sensors, nurse call systems and advanced algorithmically-enabled remote monitoring solutions. Since the initial introduction of its first commercial product in 2006, the company has built a large installed base of customers and demonstrated substantial year-over-year growth.

The Radius financing supports Healthsense’s goal of accelerating its sales and marketing efforts and expanding the company’s platform into new markets. “Radius has impressed the entire Healthsense team with its unique approach, outstanding network of healthcare industry executives, and track record of supporting the rapid growth of its portfolio companies,” stated Brian J. Bischoff, President & CEO of Healthsense.

“Radius has been studying the senior care market for several years and searching for an emerging company with best-of-breed technology, a well-conceived business model, and the potential for rapid and profitable growth. Healthsense has built a highly differentiated, integrated remote monitoring platform, which scales broadly across a range of healthcare applications targeting the senior care market – the company has developed an exciting and competitive product offering which delivers great value to its customers. The Healthsense team is very innovative, strong and agile, and unique in how they have engaged their customers in designing and deploying technology and processes to transform healthcare delivery.” said Daniel C. Lubin, Managing Partner at Radius.

The partnership with Radius marks a transition point for Healthsense in terms of its corporate development and provides the company with both significant financial resources and unique access to world-class intellectual capital. “Many firms talk about how their networks can drive organizational success – Radius showed us. The caliber of people that we’ve worked with proved to us that the Radius team is willing to jump in and help us firmly establish our leadership position in deploying technology solutions for the care of older adults,” said Bischoff.

About Radius Ventures, LLC. Founded in 1997, Radius Ventures, LLC (“Radius”) is a health and life sciences focused venture capital firm that manages in excess of $200 million. Radius deploys capital across the industry’s key sectors including medical devices, biotechnology, pharmaceuticals, services, and healthcare/life sciences information technology. The firm pursues a highly engaged investment style by leveraging the expertise of its internal team and by providing access to its extensive network of senior industry and professional relationships. For more information, visit

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