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GetWellNetwork Closes $10 Million Financing, Eight Hospitals Choose PatientLife System(R) for Unparalleled Patient Care
Date:3/3/2009

GetWellNetwork Reports Significant Growth, Industry Leadership in Interactive Patient Care

BETHESDA, Md., March 3 /PRNewswire/ -- GetWellNetwork, Inc., the leading provider of Interactive Patient Care (IPC) solutions, today announced that it received $10 million in a Series C financing round. This financing included participation from Johnson & Johnson Development Corporation (JJDC), as well as existing investors including Valhalla Partners, Grosvenor Funds, Point Judith Capital, and Village Ventures & Affiliates.

"We are very pleased to receive such support from our investors and to add JJDC to our team," said Michael O'Neil, Jr., founder and Chief Executive Officer of GetWellNetwork, Inc.

Further underscoring momentum and market leadership for its IPC technology, GetWellNetwork today also welcomes eight new hospitals to its growing community:

  • Disney Children's Hospital at Florida Hospital, Orlando, Fla.
  • Florida Hospital East Orlando, Orlando, Fla.
  • Florida Hospital Memorial Medical Center, Ormond Beach, Fla.
  • Florida Hospital Orlando Ginsburg Tower, Orlando, Fla.
  • Henry Ford West Bloomfield Hospital, West Bloomfield, Mich.
  • Muskogoee Community Hospital, Muskogee, Okla.
  • Norton Healthcare, Norton Brownsboro Hospital, Louisville, Ky.
  • West Jefferson Medical Center, New Orleans, La.

"With plans to open our new Henry Ford West Bloomfield Hospital later this year, we are committed to bringing an unparalleled level of quality care to patients at this new facility," said Gerard van Grinsven, president and CEO at Henry Ford West Bloomfield Hospital. "Patient engagement is a key driver in our new model for patient care, and GetWellNetwork will play a crucial role in helping transform our vision into reality."

The GetWellNetwork PatientLife System engages patients and families in their own care process by transforming the in-room television into an interactive resource that delivers personalized information, education and communications tools at the bedside. "We are honored to work alongside healthcare leaders who are embracing patient engagement as a core strategy to transform care and improve performance," said O'Neil. GetWellNetwork enables hospitals to empower patients by placing them at the center of their own care experience, providing an exceptional patient and family experience while directly improving the cost, quality and service of care delivery.

About GetWellNetwork, Inc.

GetWellNetwork, Inc. is the leading provider of Interactive Patient Care (IPC) solutions. In partnership with leading hospitals and healthcare systems across the country, the company delivers innovative technology and services to drive optimal patient outcomes. Empowering patients as active participants in the healthcare process, IPC solutions are patient-centric applications delivered at the point-of-care to ensure the completion of service and quality requirements, while driving new revenue opportunities and operational efficiencies for healthcare providers. GetWellNetwork and its clients have been widely acknowledged for their IPC innovations by the healthcare community. In 2007, the GetWellNetwork solution received the exclusive endorsement of the American Hospital Association (AHA). GetWellNetwork, Inc. headquarters are in Bethesda, Maryland. For more information, please call 877.MEET.GWN or visit www.getwellnetwork.com.

    Contact:
    Pauline Louie
    781.684.0770
    getwellnetwork@schwartz-pr.com


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SOURCE GetWellNetwork, Inc.
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