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Market Overview for Technology for Aging in Place

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Healthsense Announces Investment by Radius Ventures, LLC

FOR IMMEDIATE RELEASE:
Healthsense, Inc. Announces Investment by Radius Ventures, LLC.
MENDOTA HEIGHTS, Minn. – Aug. 25, 2010 – Healthsense, Inc., a leading provider
of next-generation wireless sensors and remote monitoring solutions for the senior care
market is pleased to announce the close of a growth capital financing round led by Radius
Ventures, LLC (“Radius”). Radius, a focused health and life sciences venture fund, was
joined in the round by Healthsense’s existing investors, including Ziegler HealthVest
Partners, LP and its affiliate The Ziegler Companies, Inc.


Healthsense has emerged as a leader in Wi-Fi sensors, nurse call systems and advanced
algorithmically-enabled remote monitoring solutions. Since the initial introduction of its
first commercial product in 2006, the company has built a large installed base of
customers and demonstrated substantial year-over-year growth. The Radius financing
supports Healthsense’s goal of accelerating its sales and marketing efforts and expanding
the company’s platform into new markets. “Radius has impressed the entire Healthsense
team with its unique approach, outstanding network of healthcare industry executives,
and track record of supporting the rapid growth of its portfolio companies,” stated Brian
J. Bischoff, President & CEO of Healthsense.


“Radius has been studying the senior care market for several years and searching for an
emerging company with best-of-breed technology, a well-conceived business model, and
the potential for rapid and profitable growth. Healthsense has built a highly
differentiated, integrated remote monitoring platform, which scales broadly across a
range of healthcare applications targeting the senior care market – the company has
developed an exciting and competitive product offering which delivers great value to its
customers. The Healthsense team is very innovative, strong and agile, and unique in how
they have engaged their customers in designing and deploying technology and processes
to transform healthcare delivery.” said Daniel C. Lubin, Managing Partner at Radius.
“The aging population, associated with higher rates of chronic conditions and growing
prevalence of Alzheimer’s and dementia care, as well as, financial stress at the state and
federal levels are driving a tremendous need for innovative technology solutions.
Healthsense is truly unique in having demonstrated the advantages of using technology to
modernize the care of older adults across the entire long-term care continuum,” said Neil
Borg, Managing Director and Head of Corporate Finance at Ziegler. “Ziegler is
committed to supporting Healthsense and is delighted with the addition of Radius as a
partner.”


The partnership with Radius marks a transition point for Healthsense in terms of its
corporate development and provides the company with both significant financial
resources and unique access to world-class intellectual capital. “Many firms talk about
how their networks can drive organizational success – Radius showed us. The caliber of
people that we’ve worked with proved to us that the Radius team is willing to jump in
and help us firmly establish our leadership position in deploying technology solutions for
the care of older adults,” said Bischoff.

About Healthsense, Inc.
Healthsense, based in Mendota Heights, MN, is a market leader in providing technology
solutions for the future of aging services. Healthsense offers completely integrated
systems based on a standard Wi-Fi platform for Personal Emergency Response Systems,
Wi-Fi wireless nurse call and remote safety and wellness monitoring. These systems are
scalable, flexible and are proven across a broad base of installations. The flagship
Healthsense product is the eNeighbor® system, which was developed under the direction
of the National Institute of Aging (NIA) and the Defense Advanced Research Projects
Agency (DARPA). The system monitors individuals in their homes and automatically
calls for help if it detects a possible problem. The eNeighbor® system utilizes a series of
wireless sensors placed throughout the residence that capture the occupant’s activities of
daily living. Visit www.healthsense.com for more information.

About Radius Ventures, LLC.
Founded in 1997, Radius Ventures, LLC (“Radius”) is a health and life sciences focused
venture capital firm that manages in excess of $200 million. Radius deploys capital
across the industry’s key sectors including medical devices, biotechnology,
pharmaceuticals, services, and healthcare/life sciences information technology. The firm
pursues a highly engaged investment style by leveraging the expertise of its internal team
and by providing access to its extensive network of senior industry and professional
relationships. For more information, visit www.radiusventures.com

About The Ziegler Companies, Inc.
The Ziegler Companies, Inc. and its affiliates (Ziegler) is a specialty investment bank
with a unique expertise in complex credit structures and capital advisory. Nationally,
Ziegler is ranked as one of the leading investment banking firms in its specialty sectors of
healthcare, senior living, religion and education finance, as well as corporate finance and
FHA/HUD. Headquartered in Chicago, IL with regional and branch offices throughout
the U.S., Ziegler creates tailored financial solutions including bond financing, advisory,
private placement, seed capital, M&A, risk and asset management. Ziegler serves
institutional and individual investors through its wealth management and capital markets
distribution channels.
Media Contact:
Terry Barck (952) 400-7303
terry.barck@healthsense.com

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Wednesday, August 25, 2010

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