• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to secondary sidebar
  • Skip to footer

  • Opinion
  • Health IT
    • Behavioral Health
    • Care Coordination
    • EMR/EHR
    • Interoperability
    • Patient Engagement
    • Population Health Management
    • Revenue Cycle Management
    • Social Determinants of Health
  • Digital Health
    • AI
    • Blockchain
    • Precision Medicine
    • Telehealth
    • Wearables
  • Startups
  • M&A
  • Value-based Care
    • Accountable Care (ACOs)
    • Medicare Advantage
  • Life Sciences
  • Research

Health Invest Finland Raises $1.5M for Smart Wearable Device for Elder Care

by Jasmine Pennic 08/14/2017 Leave a Comment

  • LinkedIn
  • Twitter
  • Facebook
  • Email
  • Print

Health Invest Finland Raises $1.5M for Smart Wearable Device for Elder Care

Health Invest Finland Oy, a digital health firm has raised $1.5 million in funding led by Finnish funds Kuus Invest Oü, Viavan Oy, and European business angel investors. The company plans to utilize the funding to accelerate the deployment of it’s My+Care™ (MyPlusCare) cloud-based health and wellbeing service solution targeted for the elderly care market globally.

According to the United Nations Department of Economic and Social Affairs, the number of elder persons (aged 65 years or over) is expected to more than double from 841 million people in 2013 to more than 2 billion in 2050. More than $30 billion is spent annually in the US on healthcare related to falls, which is the leading cause of death due to injury among the elderly.

Founded in 2014, Health Invest develops and deploys intelligent technologies and solutions for intelligent healthcare delivery. Based on patented innovations from Mostafa Hanifi, the chief technology officer of Health Invest, My+Care is a networked system that receives patient data from proprietary smart wearable device and wireless beacons that are networked to caregivers through a mobile app that details personalized reports to a network that can include hospitals, relatives, companies, doctors and clinics, and others. Using the My+Care™ Cloud, facilities can manage networked communication in real-time. 

My+Care enables diverse, flexible IoT interaction of all Bluetooth devices within third-party IT environments. With machine learning, My+Care can learn from each specific user; the longer the wristbands are used, the more accurately they detect irregularities in human behavior or subtle changes that could indicate an underlying medical issue.

Health Invest is already operating in Europe and Asia, and has plans to expand in the US market later this year. Additionally, the company plans has 2018 expansion plans for China.

In addition to the funding, the company has announced a partnership with CellMark Medical, a division of CellMark AB, to accelerate deployments of Health Invest’s My+Care. CellMark’s expertise in medical device distribution, logistics and sales support will enable My+Care to gain traction with healthcare facilities around the world.

 

“The sign of a civilized society is how well it treats its weak and elderly citizens. We live in a world that cannot accommodate an aging population without adapting healthcare to readily available technology. The value of elder care, globally, needs to rise to meet a rapidly growing set of demands for more effective real-time care,” said Kalle Soderholm, CEO of Health Invest in a statement. “The development of our My+Care service-solution is specifically aimed at treating the needs of all stakeholders in the elder care market with an intelligent set of tools that can learn and adapt dynamically to the needs of patients and health organizations.”

  • LinkedIn
  • Twitter
  • Facebook
  • Email
  • Print

Tagged With: elderly care, Elderly Care Startups, Health Invest Finland

Tap Native

Get in-depth healthcare technology analysis and commentary delivered straight to your email weekly

Reader Interactions

Primary Sidebar

Subscribe to HIT Consultant

Latest insightful articles delivered straight to your inbox weekly.

Submit a Tip or Pitch

Featured Insights

2025 EMR Software Pricing Guide

2025 EMR Software Pricing Guide

Featured Interview

Paradigm Shift in Diabetes Care with Studio Clinics: Q&A with Reach7 Founder Chun Yong

Most-Read

Medtronic to Separate Diabetes Business into New Standalone Company

Medtronic to Separate Diabetes Business into New Standalone Company

White House, IBM Partner to Fight COVID-19 Using Supercomputers

HHS Sets Pricing Targets for Trump’s EO on Most-Favored-Nation Drug Pricing

23andMe to Mine Genetic Data for Drug Discovery

Regeneron to Acquire Key 23andMe Assets for $256M, Pledges Continuity of Consumer Genome Services

CureIS Healthcare Sues Epic: Alleges Anti-Competitive Practices & Trade Secret Theft

The Evolving Role of Physician Advisors: Bridging the Gap Between Clinicians and Administrators

The Evolving Physician Advisor: From UM to Value-Based Care & AI

UnitedHealth Group Names Stephen Hemsley CEO as Andrew Witty Steps Down

UnitedHealth CEO Andrew Witty Steps Down, Stephen Hemsley Returns as CEO

Omada Health Files for IPO

Omada Health Files for IPO

Blue Cross Blue Shield of Massachusetts Launches "CloseKnit" Virtual-First Primary Care Option

Blue Cross Blue Shield of Massachusetts Launches “CloseKnit” Virtual-First Primary Care Option

Osteoboost Launches First FDA-Cleared Prescription Wearable Nationwide to Combat Low Bone Density

Osteoboost Launches First FDA-Cleared Prescription Wearable Nationwide to Combat Low Bone Density

2019 MedTech Breakthrough Award Category Winners Announced

MedTech Breakthrough Announces 2025 MedTech Breakthrough Award Winners

Secondary Sidebar

Footer

Company

  • About Us
  • Advertise with Us
  • Reprints and Permissions
  • Submit An Op-Ed
  • Contact
  • Subscribe

Editorial Coverage

  • Opinion
  • Health IT
    • Care Coordination
    • EMR/EHR
    • Interoperability
    • Population Health Management
    • Revenue Cycle Management
  • Digital Health
    • Artificial Intelligence
    • Blockchain Tech
    • Precision Medicine
    • Telehealth
    • Wearables
  • Startups
  • Value-Based Care
    • Accountable Care
    • Medicare Advantage

Connect

Subscribe to HIT Consultant Media

Latest insightful articles delivered straight to your inbox weekly

Copyright © 2025. HIT Consultant Media. All Rights Reserved. Privacy Policy |