Remote monitoring Alere Medical raises $11.5 million:
This article was originally published in Clinica
Executive Summary
A group of venture funders led by Cutlass Capital (San Francisco, California and Boston, Massachusetts) have provided $5.1m in equity funding to Alere Medical. The Reno, Nevada firm, which provides technology for monitoring patients in their homes remotely, has also obtained debt financing of $6.4m to help expand its chronic disease management product line. The company's principal offering is a heart monitoring system called DayLink.