G Medical Innovations, a Cayman Islands-based company that makes real-time vital signs monitoring tools, raised $20.5 million in investments over the course of three years from Luxembourg-based investment group GEM Global. The company said it will use the money to grow its sales force in the US and worldwide, reports MobiHealthNews.
“This is the funding catalyst that GMV has needed to significantly scale our sales function and fast track our market penetration,” CEO and Executive Director Dr. Yacov Geva said in a statement. “Based on our sales success to date achieved with a modest sized team in the United States, we can replicate this success with a larger and more experienced sales team, and as a result much more revenue will materialize. We have already identified a number of candidates and expansion is imminent.”
G Medical Innovations makes remote patient monitoring solutions for individuals, clinics, assisted living residences, hospitals and healthcare providers.
G Medical Prizma Smartphone Case
G Medical’s Smartphone Case turns your phone into your very own mobile medical monitor. This is the only solution in the market that offers comprehensive health profiling and monitoring, enabling both healthcare providers and individuals to monitor, manage and share a wide range of vital signs and biometric indicators.
G Medical Patch
The G Medical Patch (VSMS/GMP) is a modular, easy-to-use clinical-grade solution for monitoring patients throughout the healthcare lifecycle.
Ideal for use by clinics, assisted living residences, hospitals and healthcare providers, the VSMS/GMP simplifies healthcare and patient monitoring by delivering continuous, real-time monitoring of a wide range of patient vital signs and biometrics such as heart rate, blood pressure, body temperature, ECG, Body position and Location.