Remember Dr. McCoy's sick bay bed in Star Trek?
Imagine a hospital coverlet with no wires, electrodes, or other attachments that accurately gathers vital signs from a patient. This describes the LifeBed™ Patient Vigilance System by Hoana Medical, Inc., Oceanit’s first venture-funded spin-off company in 2002.
The early stages of research and development were funded by the Army with the goal of improving triage on the battlefield, but it has since been optimized for the hospital environment. Hoana Medical received Class 2-FDA approval on the LifeBed™ system in 2006 and is developing the next generation version aimed at improving healthcare in long-term care facilities and the homecare market. The firm has raised approximately $45 million in private equity from U.S. and Asian venture firms in four rounds of venture financing.