WellStar Health System's Center For Health Transformation Announce Strategic Investment In Sensiotec

WellStar Will Support Sensiotec Studies in Diverse Clinical Settings

Sensiotec Inc., a leading innovator in biosensor and digital health technology, and WellStar Health System, the largest not-for-profit health system in Georgia, recently jointly announced that Wellstar’s Center for Health Transformation (CHT) has made a strategic equity investment in Sensiotec. This transaction marks the first direct investment by CHT in a health technology company, and expands the technical and go-to-market collaboration that exists between the Sensiotec and CHT. In conjunction with the investment, CHT will deploy Sensiotec’s Virtual Medical Assistant  in diverse clinical settings, such as sleep labs, long term care residential care, post-hospital discharge home care and pediatric units, for a variety of uses. As the fifth most integrated U.S. healthcare delivery network, WellStar offers key settings within which to demonstrate the clinical applications of VMA.

VMA is a radar-based biosensing platform and is the world’s first FDA 510(k) Class II-cleared, truly non-contact, patient monitoring solution. VMA provides continuous monitoring for early diagnosis and intervention, improves quality of care and enhances patient safety. From a sensor panel located under the patient’s bed or chair, VMA continuously streams information on internal organ motion, patient movement and bed occupancy to any number of smart devices. The technology’s non-contact nature enables it to capture large data sets over extended periods of time to identify cardiorespiratory instability, bed fall risk, patient agitation and pressure ulcers. This has applications for population health in the prevention, diagnosis and treatment of chronic diseases across the cardiorespiratory and musculoskeletal systems.

Re-envisioned in 2012 by WellStar’s leadership, CHT endeavors to leverage the collaborative efforts of healthcare systems, educational institutions and business organizations, combining their collective expertise to solve the most vexing problems facing today’s healthcare establishments. The first of its kind in WellStar’s history, CHT’s new strategic investment in Sensiotec stemmed from the organization’s evaluation of 60 technology companies – all of which competed for the opportunity to team with WellStar. CHT chose Sensiotec based on the VMA’s potential to improve clinical outcomes and reduce costs across the care continuum, whether for a patient is in the hospital, in long-term care or at home.

“Center for Health Transformation was founded to increase collaboration in healthcare while increasing access and lowering cost,” stated Steven Fraime, Project Manager for Center for Health Transformation. “Our strategic investment in Sensiotec will help fulfill these goals.”

“We are delighted by WellStar’s investment in Sensiotec and CHT’s strong support,” stated Robert Arkin, CEO and founder of Sensiotec. “We fully expect that our work with WellStar and CHT will provide important evidence-based protocol development for our technology platform, greatly accelerate its commerical adoption, propel our Company’s growth and improve our commitment to improving quality of care and lowering cost.”

Dr. Jiten Chhabra, Sensiotec’s Medical Director and Product Manager added, “As we are the world’s first group to collect radar data on the human physiology, we have exciting times ahead. Over the next year, our team of physicians and signal processing engineers expects to develop three to five proprietary continuous scoring systems that will change how chronic diseases and preventable medical errors are monitored across the world.”

About WellStar Health System
Recognized as the fifth most integrated healthcare delivery system in the country, WellStar Health System is the largest not-forprofit health system in Georgia and serves a population of more than 1.4 million residents in five counties. The vision of WellStar is to deliver world-class healthcare. A national leader in the transformation of healthcare delivery, WellStar launched the Center for Health Transformation and the Georgia Health Collaborative that will have far-reaching effects on healthcare both locally and nationally. WellStar includes WellStar Kennestone Regional Medical Center (anchored by WellStar Kennestone Hospital) and WellStar Cobb, Douglas, Paulding and Windy Hill hospitals; the WellStar Medical Group; Urgent Care Centers; Health Parks; Pediatric Center; Health Place; Homecare; Hospice; Atherton Place; Paulding Nursing and Rehabilitation Center; and the WellStar Foundation. For more information, visit wellstar.org.

About Center for Health Transformation
The Center for Health Transformation (CHT) is focused on providing better health for a lower cost. Acquired by WellStar Health System in 2012, CHT is a partnership-based organization with a mission to energize a collaborative network of healthcare systems, educational institutions and business organizations to focus on developing and advancing innovative solutions designed to transform healthcare. For more information, visit centerforhealthtransformation.org

About Sensiotec Inc.
Sensiotec, a leading innovator in biosensor and digital health technology, pioneered Virtual Medical Assistant® (VMA), the world's first non-contact remote vital signs monitor. VMA allows healthcare providers to access real-time and trend data that can be sent to any remote device. Recentlly, Sensiotec was named a Finalist as Startup of the Year by the Metro Atlanta Chamber of Commerce and identified by TEDMED as a “transformative starup that can shape the future of medicine.” Earlier In 2014, Sensiotec received the “Best of the Best” Top 10 Innovative Technology Companies Award and the People’s Choice Award for Breakthrough Technology from the Technology Association of Georgia. In 2013, the Georgia Institute of Technology’s Advanced Technology Development Center (ATDC) recruited Sensiotec to ATDC Select, its flagship program for high potential startups. Sensiotec is also the proud recipient of the Healthcare Heroes Award for Innovation. For more information, visit wwwsensiotec.com.