SoloHealth Receives Investment from Coinstar

SoloHealth, an Atlanta, Ga.-based consumer-driven healthcare technology company that develops and deploys health screening and information kiosks, has received an investment of undisclosed amount from Coinstar, Inc. (Nasdaq: CSTR).
Explaining the reasons behind the investment, Gregg Kaplan, president and COO of Coinstar, said: “As a leader in automated retail, Coinstar is continually looking for kiosk concepts that are innovative and compelling.
“We believe that SoloHealth will address the changing market dynamics in the healthcare space by bringing free health and wellness screening to individuals who may not have accessed it otherwise”.
SoloHealth’s first offering was the EyeSite® vision kiosk provides free health screenings and recommendations for follow-up care, as well as health and wellness information, which leads to prevention and lower healthcare costs. Bilingual kiosks are currently located in numerous retail outlets across America.
In summer 2010, SoloHealth received a $1.2m grant from the National Institutes of Health (NIH), a division of the U.S. Department of Health and Human Services.
Led by founder and CEO Bart Foster, the company is currently developing a SoloHealth Station, which will screen vision, blood pressure, weight, and body mass index, and provide an overall health assessment free of charge. It will also gives consumers access to a database of local doctors.
Coinstar provides automated retail solutions including the redbox® self-service DVD rental and Coinstar® self-service coin-counting brands. It has approximately 30,200 DVD kiosks and 18,900 coin-counting kiosks in supermarkets, drug stores, mass merchants, financial institutions, convenience stores, and restaurants.

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