Medical Guardian, a Philadelphia, PA-based provider of innovative senior health solutions, received a growth investment from Water Street Healthcare Partners, a strategic investor focused exclusively on health care.
The amount of the deal was not disclosed.
The company will use the capital commitment to pursue acquisitions and organic initiatives that will further its expansion and grow its leadership position in the personal emergency response service (PERS) industry.
Led by Geoff Gross, founder and CEO, Medical Guardian is a personal emergency response service (PERS) provider with more than 160,000 active subscribers across the country. The company offers a suite of connected care solutions that enable seniors to live their lives safely and independently. Its products are fully integrated with customer support services, providing seniors with 24/7 protection and deploying emergency personnel if an alert is received, whether it’s an in-home system, mobile device with GPS/Wi-Fi capabilities, or an all-in-one wearable medical alert smartwatch.)