NOBA 2020: Flosonics Medical is the recipient of this year s Innovation Award
The FloPatch, a wireless, peel-and-stick sensor developed by Sudbury-based Flosonics Medical, is promising to dramatically change the way physicians monitor patients.
Dec 28, 2020 11:00 AM By: Lindsay Kelly
Flosonics Medical of Sudbury is the winner of the Innovation Award for the 2020 Northern Ontario Business Awards.
In Sudbury, a startup medical-technology company is changing the way physicians treat patients, all with a high-tech device the size of a credit card.
Developed by Flosonics Medical, the FloPatch is a wireless, push-button sensor that uses Bluetooth technology to monitor patient blood flow.
Once the peel-and-stick device is adhered to a patient’s neck, results are tracked in real time and sent to a physician’s tablet or smartphone.
Adracare to be acquired by WELL Health Technologies
Toronto healthtech startup Adracare is set to be acquired by WELL Health Technologies in a $4.75 million CAD deal.
On January 4, WELL Health announced it had closed the acquisition of Adracare.
Adracare is the startup that followed from the former Toronto healthtech company Orbcare, which went bankrupt in 2019. Adracare was created late last year by the team behind OrbCare, having acquired a portion of Orbcare’s assets out of bankruptcy.
“Adracare is a complementary offering to our existing EMR and telehealth software revenue streams.”
Adracare provides clinic management, telehealth and practice management software to enterprise clients. Its customers operate in the areas of mental health, physiotherapy, nutrition, medicinal cannabis, audiology and speech pathology, and occupational health. Medical professionals use the management software to connect with patients virtually.