Medical Guardian Receives Growth Investment From Water Street Healthcare Partners
Medical Guardian announced that the company has received a growth investment from Water Street Healthcare Partners, a strategic investor focused exclusively on healthcare. The company will leverage Water Street's deep expertise in healthcare and significant capital commitment to pursue acquisitions and organic initiatives that will further its expansion and aggressively grow its leadership position in the personal emergency response service (PERS) industry.
With the number of Americans aged 65 years and older increasing along with seniors' desire to live in their own homes as they age, demand for Medical Guardian's medical alert services continues to rise. The company is one of the nation's leading PERS providers with more than 160,000 active subscribers across the country. Medical Guardian offers a suite of connected care solutions that enable seniors to live their day-to-day lives safely and independently. Its products are fully integrated with customer support services, providing seniors with 24/7 protection and deploying emergency personnel if an alert is received.