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Cardiac output monitoring technology developer Cheetah Medical raises $20 million March 16, 2010

Posted by israelhealthcare in Cardiology.
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Noninvasive hemodynamic and cardiac output monitoring technology developer Cheetah Medical has raised $20 million in a second financing round. The investment round was led by Ascension Health Ventures (AHV) and also included Robert Bosch Venture Capital (RBVC), the investment arm of Bosch Group, MVM Life Science Partners and existing investors.

Cheetah Medical’s NICOM products provides a simple to use platform that enables physicians and nurses to quickly obtain accurate advanced hemodynamic parameters at the bedside, thereby aiding in differential diagnosis and selection and titration of the appropriate therapy to individualize patient care. Legacy approaches that rely on invasive, costly catheters have more limited use due to concerns about cost, maintenance requirements, invasiveness and potential complications.

“Because of its accuracy and non-invasiveness, Cheetah’s NICOM platform has the potential to significantly expand the hemodynamic monitoring market,” said Dr. Walter Lin, an Investment Manager with AHV. “The company validated technology can both improve outcomes and reduce the cost of care in what is generally a high acuity patient population.”

“By providing accurate, noninvasive, continuous hemodynamic information, NICOM can improve patient outcomes by helping clinicians optimize fluid and vasoactive drug management in areas such as critical care, anesthesia, emergency medicine and heart failure,” explain Yoav Avidor, CEO of Cheetah Medical.

Cheetah Medical’s NICOM noninvasive cardiac output and hemodynamic monitoring system uses the company’s proprietary BIOREACTANCE technology to deliver continuous, accurate, noninvasive cardiac output and other vital hemodynamic monitoring parameters. The system is US FDA cleared and CE Marked, and since its commercial launch in 2008 has been adopted by a growing number of clinicians worldwide.

Cheetah Medical headquarters is located in Tel-Aviv, Israel and its United States headquarters is located in Portland, Oregon.

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