IntelliDOT(TM) Secures $10 Million in Financing
Summary
SAN DIEGO--(BUSINESS WIRE)--IntelliDOT™ Corporation, an innovator in patient safety and workflow management solutions for healthcare, today announced the closing of $10 million in Series D financing led by Psilos Group. IntelliDOT’s focus on a simple, integrated system that fits the nurses’ workflow, improves quality of care, and that reduces unnecessary hospital costs uniquely positions the Company as it expands its penetration into this growing market segment,” said Lisa Suennen, managing member for the Psilos Group. “We look forward to working with the IntelliDOT team and the other investors to bring this technology to hospitals committed to improving patient safety.” “We are very pleased that Psilos shares our commitment to dramatically improve patient care by accelerating commercialization of this technology,” said Thomas Klopack, president and CEO of IntelliDOT Corporation. Psilos’ portfolio companies are sustainable and high-value businesses that have demonstrated ability to reduce the costs of healthcare delivery; improve clinical quality; and advance the alignment of payer, patient, and provider incentives. Working from a wireless network connection, IntelliDOT’s CAREt System incorporates a unique handheld computing device, an enterprise-class server, and a sophisticated but flexible software application.
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