Generation3 Capital LLC, Buffalo Grove, Ill., a private equity firm, acquired LogicMark LLC, a designer and manufacturer of personal emergency response systems (PERS) with two-way voice communication directly through the pendant.
“The end customer demographics and rising healthcare costs afford LogicMark a growing market; combine this with innovative and affordable products and it is an exciting opportunity for us,” said Jim Coleman, principal of Gen3. Gen3 teamed with Promus Equity Partners LLC to complete the transaction on Dec. 30, 2011.