Healthsense Adds Senior Healthcare Industry Leaders to Board of Directors as Result of Company’s New Relationship with Rad

MENDOTA HEIGHTS, Minn.--(BUSINESS WIRE)-- Healthsense, Inc., a leading provider of safety and wellness monitoring technology solutions for senior care, announced today the addition of four new members to its Board of Directors, including highly regarded healthcare industry figures with a broad range of experience and expertise across the entire healthcare continuum.

The four new Directors – Vincent Conti, Steven Epstein, Daniel Lubin and Vinod Sahney – will advise and guide the Healthsense management team on expanding the company’s technology platform to new healthcare markets. The four Directors’ expertise encompasses everything from hospital-based healthcare services and integrated delivery networks to home health care and managed care. This experience complements the existing Board members’ extensive knowledge of senior living and senior care. The new Directors are joining the Healthsense board in conjunction with the recently announced growth capital financing led by Radius Ventures, LLC, a focused health and life sciences venture fund.

“We are very excited to welcome these new Directors to our Board,” said Brian Bischoff, Healthsense President and CEO. “The Healthsense technology platform is scalable to a broad range of healthcare applications and our new Board members have a deep understanding of cost/benefit models for healthcare, which is critical for driving rapid adoption of technology. Their expertise and active involvement in the country’s changing healthcare delivery model will guide us as we pursue new opportunities to expand our services into new markets.”

Added Bischoff, “Our longstanding partnership with Ziegler HealthVest Partners, LP has been, and continues to be, invaluable in helping us achieve and maintain our strong leadership position in the senior care market. Our new relationship with Radius offers us a tremendous network of senior healthcare industry leaders who can help expand our services across the care continuum. With Ziegler and Radius, Healthsense is uniquely positioned to capitalize on this powerful combination of scalable technology, long-term care expertise, health system experience and deep industry knowledge.”

“Healthsense is a market leader today in providing a fully integrated suite of monitoring solutions for the senior care and senior living environment,” said Lubin, a Managing Partner of Radius Ventures. “We believe that the company has tremendous potential to expand its unique technology platform to reduce costs and improve outcomes for providers, payors and patients. Radius is a very selective investor. We chose Healthsense because we were highly impressed with its team, technology, and customer base. We are excited about helping the company achieve even greater success, not just in senior living where its technology is already improving care and achieving cost efficiencies, but also across the entire healthcare delivery network.”

Following are brief biographies of the four new Directors:

  • Vincent Conti is the recently retired President and Chief Executive Officer of Maine Medical Center (MMC), a 600-bed tertiary and teaching hospital in Portland, Maine. Under his leadership, MMC repeatedly earned national recognition for the quality of its clinical services, including being recognized in US News and World Report as one of the top 50 U.S. hospitals in cardiac and orthopedic care. Previously, Conti spent 20 years at Yale New Haven Hospital, ultimately responsible for virtually all aspects of the operation of this 900-bed primary teaching affiliate hospital of the Yale University Medical School. Conti is a Venture Partner at Radius Ventures and serves on the board of Health Insights. He has been the recipient of numerous healthcare and other community service awards and recognitions, and has served on numerous state and local healthcare, community, service and business boards, including the Board of the American Hospital Association; Chair, Voluntary Hospitals of America – New England; and Chair of the American Hospital Association Region 1 Policy Board.
  • Steven Epstein, founder of Epstein Becker & Green, P.C., is one of the pioneers of healthcare law. For over 35 years, Epstein has been a pioneer in the establishment of the concept that healthcare organizations require a dedicated form of legal representation. Epstein is a “trailblazer in the field” of healthcare law, according to Columbia Law School Magazine. He was selected as a member of the Greater Washington Legal Elite by Washington Smart CEO; was named in Best Lawyers in America in 2008, 2009, and 2010; and cited as a Washington, D.C. Super Lawyer in 2008, 2009, and 2010. Epstein, currently serves on Radius’ Advisory Board, and sits on the Boards of a number of healthcare companies including. Catalyst Health Solutions, Inc. [NASDAQ: CHSI], Discovery Health [JSE: DSY], Emergency Medical Services Corp [NYSE:EMS], and Management Health Solutions, Inc. In addition, he is the Chairman of the Columbia Law School Board of Visitors, and a former Trustee of Tufts University Board.
  • Daniel C. Lubin is the Managing Partner and co-founder of Radius Ventures, LLC, a New York-based venture capital organization focused on the health and life sciences industry. Previously, he was a Director in the Investment Banking Division of Schroder Wertheim & Co., with co-responsibility for managing the firm’s Health Care Group. Lubin co-founded and was Managing Director of KBL Healthcare Inc., a health and life sciences venture capital and investment banking organization. His current board assignments include Management Health Solutions, Inc., Aethon, Inc., and Comprehensive Neurosciences, Inc., all Radius portfolio companies. In addition, he serves on the Board of Trustees of The Haverford School in Haverford, Pa.; the Board of Trustees of Riverdale Country School in Riverdale, NY; as well as the National Counsel of Advisors for the Center for the Study of the Presidency and Congress in Washington, D.C.
  • Vinod Sahney, is a Senior Fellow at the Institute for Health Care Improvement. His previous positions include Senior Vice President and Chief Strategy Officer for Blue Cross Blue Shield of Massachusetts (2006-2010) and Senior Vice President at Henry Ford Health System (1981-2006). Dr. Sahney has been elected to both the Institute of Medicine and The National Academy of Engineering. He is an Adjunct Professor at Harvard University’s Executive Program in Health Policy and Management for the past 33 years. He currently serves on the Radius Advisory Board, and has previously served on several Boards including the Institute for Health Care Improvement, St. Joseph Mercy Hospital-Oakland, Fairlane Health Services Corporation, Society for Health Systems, Washington University School of Medicine Faculty Practice Plan, St. Joseph Macomb Hospital, Michigan Children’s and Henry Ford OptimEyes. Dr. Sahney has served on a number of National Research Advisory Boards including the Agency for Healthcare Research and Quality, National Science Foundation, National Academy of Engineering and Institute of Medicine. He has authored two books, 50 publications and made over 200 presentations at national and international meetings. He has been a management consultant to over 30 healthcare organizations in the area of strategy, productivity and quality improvement.

About Healthsense, Inc.

Healthsense, based in Mendota Heights, Minn., is a market leader in providing safety and wellness monitoring technology solutions to improve care and reduce costs for the future of aging services. Healthsense offers completely integrated systems based on a standard Wi-Fi platform for personal emergency response, nurse call and remote safety and wellness monitoring. These systems are secure, scalable, flexible and proven across a broad base of installations. The Healthsense solutions enhance senior living communities and promote independence, safety and health for older adults. Visit www.healthsense.com for more information.



CONTACT:

For Healthsense
Gary Hopkins, 805-705-2586
[email protected]

KEYWORDS:   United States  North America  Minnesota

INDUSTRY KEYWORDS:   Technology  Software  Health  Medical Devices  Mobile/Wireless  Nursing  Managed Care

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