NetScientific Forms New Digital Health Company

RNS Number : 9480L

NetScientific PLC

01 May 2015

 

NetScientific plc

("NetScientific" or the "Group")

NetScientific forms digital health company with
US hospital group, Meridian Health

Triventis Health LLC will commercialise
advanced patient management solutions

1 May 2015: NetScientific (AIM: NSCI), the biomedical and healthcare technology group, has  formed a new digital health sales and marketing subsidiary company, Triventis Health LLC ("Triventis") in partnership with iMPak Health, LLC ("iMPak"), a wholly owned subsidiary of Meridian Health Hospital Group, New Jersey, USA.

Triventis will provide smart digital healthcare solutions, enabling better patient data collection, connectivity and software to give healthcare providers actionable clinical data. 

The new company will have its own sales force to sell and market the integrated solutions provided by a combination of Wanda Health's (a NetScientific subsidiary) cloud-based information analytics and iMPak's healthcare expertise and innovative easy-to-use medical devices, to intelligently monitor and manage patients.

This unique healthcare management product has undergone trial and will be adopted by the Meridian Hospital Group - which consists of six hospitals, 100 facility locations and generates US$1.6 billion in revenue. The product will then roll out across the USA to other healthcare providers.

The initial product provides continuous monitoring and assessment of patients with Congestive Heart Failure (CHF). Triventis will distribute other Wanda Health applications, notably for patients with co-morbidities and iMPak's next generation medication management to help improve compliance with prescription schedules.

Sir Richard Sykes, Chairman of NetScientific, said: "Keeping patients with chronic diseases out of hospital and managed in their homes is of critical importance to all hospital groups and providers worldwide. Our new partnership in the USA with Meridian Health and iMPak, working with Wanda Health analytics, will demonstrate how our combined expertise and technologies can improve patient well-being and reduce costs for providers."

Sal Inciardi, Senior Vice President of Business Development, Meridian Heath, said: "Triventis Health is dedicated to significantly enhancing how medical care is delivered. By integrating two key capabilities - healthcare solutions, and health information compilation and analytics - the company's products and services help healthcare practitioners make timely, more effective treatment decisions and improve outcomes for individuals living with a range of chronic diseases. We believe that we are uniquely positioned to enable customers to reduce the cost of healthcare associated with managing chronic disease, addressing what may be the greatest burden faced by most health systems around the world today."

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Notes to Editors

About NetScientific

NetScientific is a biomedical and healthcare technology group that funds and develops technologies that offer transformative benefits to people's lives and society through improved diagnosis, prognosis and treatment. For more information, please visit the website at www.NetScientific.net

About Wanda Health

Wanda Health is developing cloud-based analytics, as part of a total patient management solution, in partnership with other healthcare providers. The core analytics engine is based on 12 years of research at the Wireless Health Institute at UCLA. Wanda Health has completed development of a predictive analytics engine for use in remotely monitoring patients with Congestive Heart Failure, the leading cause of hospital re-admissions in USA.

About iMPak Health

(A wholly owned subsidiary of Meridian Health)

iMPak Health's mission is to develop innovative, easy-to-use devices to screen, diagnose and monitor health conditions through wireless technology. iMPak Health believes in the power of the individual. Their low cost, easy to use mobile health solutions are designed to help individuals assess, track and manage a variety of health conditions including cardiac health, COPD, diabetes, weight, asthma and others. The data collected can easily be shared with their physician for a complete personal health management solution. For more information about iMPak Health, visit www.impakhealth.com.

About Meridian Health

Meridian Health is a leading not-for-profit healthcare organization in New Jersey, comprising six hospitals and Meridian Partner Companies that include home health services, skilled nursing and rehabilitation centers, ambulatory care, ambulance services, fitness and wellness centers, and outpatient centers. With more than 100 convenient locations, over 1,800 beds, nearly 13,000 team members, and affiliations with more than 2,000 of the area's finest physicians, Meridian Health is a leading health care provider in New Jersey, providing quality health services, facilities, and programs. In September 2014, Meridian Health and Raritan Bay Medical Center signed a Letter of Intent to merge. In October 2014, Meridian Health and Hackensack University Health Network signed a Memorandum of Understanding to merge. For more information, please visit www.MeridianHealth.com.

NetScientific Peter Thoms, CFO	Tel: [phone]
Investec Gary Clarence / Daniel Adams	Tel: [phone]
Instinctif Partners Melanie Toyne-Sewell / Jayne Crook	Tel: [phone] Email: [e-mail]

 

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