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September 10, 2007
For Press Inquiries: Kelly O'Donnell |
Beringea provides expansion capital to remote robotics pioneer InTouch HealthFARMINGTON HILLS, Mich. — InvestCare Partners Limited Partnership (“InvestCare”), a healthcare venture capital fund managed by Beringea, LLC, has made an follow-on equity investment in InTouch Health, a California-based leader in remote presence technology for healthcare providers. The deal provides capital for the company's expansion into new markets. The captial will fund InTouch Health's expansion into new markets. Current applications for InTouch's innovative medical technology include remote patient monitoring by experts in other parts of the country and shoring-up scarce nursing resources. There are currently over 400,000 unfilled nursing positions in the country. InvestCare provides equity to medium-sized, privately owned healthcare businesses located in the United States. Unlike many other funds that are backed exclusively by large institutions, InvestCare's limited partners include a handful of major healthcare systems, widely respected physicians and successful entrepreneurs. Granting access to more than 60 hospitals and 6,000 medical professionals, Beringea offers portfolio companies both needed capital and high-level industry access. Beringea's European presence also provides meaningful assistance to firms undergoing or planning for international expansion. About InTouch Health, Inc. InTouch Health, Inc. is a privately held development stage company based in Santa Barbara, CA., founded by medical robotics pioneer Yulun Wang, Ph.D. InTouch Health provides technology solutions which dramatically increase the effectiveness of healthcare professionals. The company is addressing the impending demographic crisis in senior care support, by pioneering the use of Remote Presence in healthcare with its "Companion" system. Through a proprietary communications and mobile robotic platform, caregiving experts are projected to another setting where a patient or caregiver is located to provide care, coach and train staff, or monitor healthcare services. The InTouch Health solution leverages the time and expertise of healthcare professionals across multiple care facilities, improving the efficiency and effectiveness of care delivery. For more information on the company, visit www.intouch-health.com. About Beringea Beringea, LLC is an international private equity and investment banking firm. The firm is the manager of InvestCare Partners, a healthcare venture capital fund and the Global Rights Fund II, an media venture capital fund, among others. For more information on the company, visit www.beringea.com
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