Caduceus Capital Partners (Caduceus) and Jumpstart Health Investors (Jumpstart) finalized the sale of portfolio company Intelligent Observation to HID. Intelligent Observation is a cutting-edge hand hygiene monitoring technology company designed to improve healthcare facility compliance and prevent infections. The addition of Intelligent Observation expands HID’s offering and relevance in the Healthcare Real Time Location Systems (RTLS) space to further meet the growing needs of healthcare facilities.
Click here to read HID Global’s full announcement.
The Intelligent Observation platform includes hardware that detects when healthcare workers are near a hand sanitation area, and records whether the individual sanitizes appropriately. The results are then communicated to Intelligent Observation’s cloud-based dashboard where data is stored and formulated into reports. The platform utilizes SaaS and near-field magnetic induction (NFMI) technology, which enables efficient compliance reporting and tracking for hospital administrators.
Caduceus and Jumpstart invested in Intelligent Observation more than five years ago. Since that time, the company has grown significantly and is now partnered with a significant number of acute care providers including some of the most well-known names in U.S. healthcare.
“At Caduceus Capital, we’re focused on supporting companies that profoundly relieve administrative burdens and improve care at healthcare organizations. Intelligent Observation is a unique solution that does both. It’s been a privilege to walk alongside Seth and his team for the past several years, and we look forward to watching their continued growth in partnership with HID Global,” said Dave Vreeland, senior managing partner, Caduceus Capital Partners.
“Hand hygiene is recognized as the single most important measure in preventing the spread of infections,” said Vic Gatto, CEO of Jumpstart, “we looked at dozens of approaches and invested in Seth and Intelligent Observation because the product integrates seamlessly into the workflow of the clinicians.”
About Intelligent Observation
Intelligent Observation strives to reduce healthcare-acquired infections and create safer overall hospital environments by completely replacing visual observation for mandatory hand hygiene compliance monitoring. Visit https://intelobserve.com to learn more.
About Caduceus Capital Partners
Caduceus Capital Partners is a leading venture capital firm dedicated to fueling the growth of digital health startups across the U.S. With a national presence and a network rich in operational and clinical expertise, we bring both capital and strategic partnership to our portfolio companies. Our team leverages deep industry knowledge, talent, and innovation to accelerate value creation, fostering a collaborative environment where both our portfolio companies and investors thrive. Learn more at www.caduceus.vc.
About Jumpstart Capital
Jumpstart Capital invests in early-stage healthcare companies bringing game-changing innovation to healthcare in a targeted segment of the overall healthcare industry. The current fund is investing in the AI-Empowered Healthcare Workforce. Our healthcare workers need better tools and streamlined workflows to empower them to deliver better care to patients efficiently. Visit https://jscap.co to learn more.