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Valued Relationships Secures Growth Investment from Blue Canyon Capital - November 13, 2007
Hospital Patients get day of Independence before Departure - June 23, 2006
Press Releases
Valued Relationships, Inc. - November 13, 2007
"Valued Relationships Secures Growth Investment from Blue Canyon Capital"
Dayton, OH., Nov 13 - Valued Relationships (VRI) today announced it has received an investment by Blue Canyon Capital to expand the company's product offerings, hire additional personnel and continue upon its long standing reputation of quality care. Valued Relationships, headquartered in Dayton, OH, has nearly 20 years of experience in medical alert monitoring having served over 100,000 members over that time period. The company currently has over 30,000 members and serves customers in all 50 states. VRI's services include technologies that enable seniors and those with disabilities to maintain their independence. The company's personal emergency response system (PERS) allows customers to talk to a Care Representative at the press of a button located around their neck, or wrist. VRI's medication adherence monitoring ensures that seniors take their medication at the right time and at the right dosage. The prescription tracking service informs caretakers of our member's medication regimen.
As an integral part of ensuring VRI's continued success, Darren Torrence will remain General Manager of VRI and will focus his efforts on maintaining and developing relationships with government agencies and the company's network of over 300 dealers. In addition, he will oversee the Care Center, which has developed into one of the industry's leading patient monitoring centers having achieved the coveted 5 Diamond Certification by the Central Station Alarm Association.
Two additional senior level managers will join the VRI team. Andy Schoonover will lead the company's Sales, Marketing and Technology efforts and Chris Hendriksen will head up the Finance, Operations, and Customer Service departments. "Andy and Chris bring a tremendous amount of talent and energy to our team." Darren Torrence said. "Most importantly they share VRI's passion for providing our members with more than "emergency response" services. Whether there is a stranger at the door or there is a need to walk down an icy driveway to get the newspaper, we want members to contact us so that we can be there to ensure that they feel secure".
"I knew VRI was a tremendous place as soon as I stepped into the 'Care Center'. I heard a sense of warmth in the Customer Care Representatives voices that I hadn't heard in any other monitoring center. I'm honored to be a part of the team and look forward to continued growth and innovation," Andy Schoonover added.
Blue Canyon Capital was formed by Andy Schoonover and Chris Hendriksen in July of 2006 to find, operate, and make a long term investment in a small growth company. The fund is backed by a number of operations, finance, and sales executives that will provide VRI with the expertise and contacts to continue its impressive growth. Blue Canyon is structured to make an investment in one company in which the Managing Partners can take active management roles. There are no plans for Blue Canyon to make additional investments outside the medical alert monitoring industry but will consider acquisitions or partnerships to add to VRI's base of capabilities and customers.
"Blue Canyon was looking for an investment that had both growth opportunities and a mission to better people's lives. VRI represents a perfect blend of those two characteristics," Chris Hendriksen said. "We are excited to join Darren to provide services that are a win-win for all involved; seniors become more independent, care takers are reassured that their loved ones are safe, and insurance companies and government agencies lower costs by servicing seniors in the comfort of their homes."
VRI is a healthcare services company with nearly 20 years of experience in medical alert monitoring. Located in Dayton, OH VRI's services utilize technology to enable seniors and those with disabilities to maintain their independence and avoid long term care facilities and hospitalization. The company's service portfolio includes Personal Emergency Response Systems (PERS), electronic medication reminder devices, telehealth and vitals monitoring, fall detection, medication management and mobile medical alert solutions. The company currently serves over 30,000 clients in all 50 states. For more information, or to see the range of VRI's products, please visit www.monitoringcare.com.
Contact:
Valued Relationships Inc.
www.monitoringcare.com
Andy Schoonover
Sales, Marketing, and Technology
937-247-0140
andy@monitoringcare.com
www.bluecanyoncapital.com
Darren Torrence
General Manager, Director of Marketing
800-460-4230
darren@monitoringcare.com
Clinton Memorial Hospital - June 23, 2006
"HOSPITAL PATIENTS GET DAY OF INDEPENDENCE BEFORE DEPARTURE"
Inpatient Rehabilitation at Clinton Memorial Hospital
has initiated a new program which allows patients to spend
some time on the unit independently in order to better
prepare them for discharge and a return to their home
environment. Since the patients and their caregiver(s)
will actually be able to leave the unit on their own,
they needed a way to contact nursing in the event of an
emergency.
"They have access to the independent living facilities
kitchen and bathroom, which is away from the nurse's station"
says Teresa Stephens, manager of Inpatient Rehabilitation
and Subacute Care. "I contacted VRI and they were willing
to donate the device and service so we could offer this
unique step in the continuum of care."
The six-bed Inpatient Rehabilitation unit and its professional
team of CMH healthcare providers is designed to help patients
regain independence after they have experienced a life-altering
surgery, disabling injury or illness. It offers a board-certified
medical director, weekend admissions, in-house professionally
certified staff, and professional management of the full
continuum of care. Patients have access to CMH's own home
care professionals, state-of-the-art diagnostics, and
immediate access to a wide-range of specialists.
The state-of-the art inpatient CMH Rehabilitation Services
clinic includes a training kitchen, training bathroom,
car transfer simulator, therapy gym, wound treatment room
and a speech therapy treatment area.
VRI, a Dayton-based company, is a nationwide provider
of in-home personal emergency medical alarms, medication
adherence, and vital sign data gathering. VRI has been
in existence since 1989 and has served the patients of
Clinton Memorial Hospital since early 1992 as part of
its personal response program.
The new program allows patients to engage in various
activities of daily living (e.g. bathing, cooking, dressing)
within the hospital just like they were at home. This
gives the patient, family caregiver(s) and the CMH care
team peace of mind that the patient can function independently
and safely at home.
The VRI personal emergency response and medication adherence
monitoring services will be fully functional for these
independent patients, allowing them to contact help should
they need it just as if they were using the system in
their own homes.
Being able to access help in a home emergency for those
that live alone or may be left home alone is significant
in regards to maintaining their independence. According
to a June 1996, 12 week study by the New England Journal
of Medicine, the conclusion was, "For elderly people who
live alone, becoming incapacitated and unable to get help
is a common event, which usually marks the end of their
ability to live independently." In the study less than
one in three were able to return home to live independently.
CMH also utilizes VRI's medication dispenser reminder
which can be monitored for adherence by VRI's Care Center
via the personal emergency response device. The medication
device reminds the patient via an alarm when it is time
to take the next dose of there medication, and then only
gives the patient access to the exact dose which should
be taken at that time.
VRI is notified if the patient doesn't take action to
remove the dose within 30 minutes, to further assure proper
adherence with the medication regiment. Why is this significant?
According to a 1990 Archives of Internal Medicine article,
almost 30% of all hospital admissions for people over
the age of 65 are directly attributable to medication
non-adherence.
Further, approximately 40% of people entering nursing
homes do so because they are unable to self-medicate in
their own homes, according to a 1988 feasibility study
of Biomedical Business International.
For more Press Release materials, please contact us.
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