Palo Alto, Calif. — March 8, 2006 — Frost & Sullivan selected Card Guard AG as the recipient of the 2006 Technology Innovation Award in the field of remote patient monitoring for its focus on research, development and marketing to support future growth. Card Guard concentrates on offering wireless healthcare technologies and solutions as well as advanced telehealth systems and monitoring services for chronically ill patients.
The company’s two wholly owned subsidiaries – LifeWatch, a leading provider of cardiac monitoring services, and Instromedix, a manufacturer of telecardiology products – solidifies its presence in the United States.
Each year, this Award is presented to a company that has demonstrated an exceptional growth strategy within its industry or market segment.
“Throughout 2005, Card Guard expanded successfully in accordance with its vision of becoming a leading global provider of remote healthcare monitoring services,” says Frost & Sullivan Research Analyst Namrata Sundaresan. “Through a series of strategic alliances, Card Guard has not only cemented its position in the U.S. patient monitoring market, but has also begun to set standards in the remote patient monitoring market.”
In a recent strategic alliance with Humana Innovation Enterprises, Card Guard formed Sensei Inc., which will operate primarily as a wireless health and wellness distribution platform and will offer personalized guidance to consumers. Subscribers will receive customized nutrition and weight loss information, fitness notifications including medication reminders and other health related contents through their cell phones and/or personal digital assistants (PDAs).
LifeWatch has also entered into a long-term agreement with Guidant to provide a range of monitoring services for cardiac patients that have been implanted with Guidant devices. Advances in remote monitoring are driven by the convergence of telehealth technologies with telecommunication, IT and the Internet.
Such progress has aided the emergence of wireless medical devices that can be seamlessly integrated into telehealth programs. Moreover, the evolution of the Internet has redefined the limits for remote patient monitoring.
Card Guard’s launch of its PMP4 suite of wireless healthcare monitors in the US furthers these industry trends. Card Guard not only widens its profile in patient monitoring, but also sets new standards in remote patient monitoring.
More than 30 million Americans are estimated to regularly seek health information online from more than 15,000 healthcare-related websites. According to Intellihealth, led by the demand for prescription drugs, consumer spending for online health products and services is expected to have grown from $1 million in 1999 to $800 million in 2004.
“The Internet is likely to play an increasingly important role in extending the reach of telehealth and telemedicine services to the average consumer,” notes Sundaresan. “Card Guard has successfully incorporated these channels into its growth strategy and is consolidating its position in the market as a leading provider of remote healthcare monitoring.”
About Card Guard AG
Card Guard AG, headquartered in Neuhausen am Rheinfall, Switzerland, is a leading company for healthcare technologies and solutions, specializing in advanced telehealth systems and monitoring services for high-risk and chronically ill patients, including ordinary consumers of health products and those who are worried well. Card Guard has subsidiaries in the United States, the Netherlands, Japan, Brazil, the United Kingdom, Switzerland and in Israel. Among its subsidiaries, the company owns LifeWatch, a leading US-based cardiac monitoring service provider, and Instromedix, a US-based manufacturer of telecardiology products www.cardguard.com.
About Frost & Sullivan
Frost & Sullivan, a global growth consulting company, has been partnering with clients to support the development of innovative strategies for more than 40 years. The company's industry expertise integrates growth consulting, growth partnership services, and corporate management training to identify and develop opportunities. Frost & Sullivan serves an extensive clientele that includes Global 1000 companies, emerging companies, and the investment community by providing comprehensive industry coverage that reflects a unique global perspective and combines ongoing analysis of markets, technologies, econometrics, and demographics. For more information, visit www.frost.com.