March 21, 2000 Health Hero Network InvestCare Partners OpenTV Investment
HEALTH HERO CLOSES $21 MILLION FINANCING ROUND LED BY OPENTV AND INVESTCARE PARTNERS
Investment Fuels Health Hero Growth as the Platform of Choice for Healthcare Professionals to Extend Care to Patients in the Home
Mountain View, CA - March 21, 2000 - Health Hero Network, Inc., the leading Internet-based platform connecting healthcare providers with their patients in the home, today announced that it has secured $21 million in funding anchored by OpenTV (Nasdaq and Amsterdam Stock Exchange: OPTV), the leading worldwide provider of software to enable digital interactive television, and InvestCare Partners. Other new investors include Merlin BioMed and Graham Partners, who joined prior investors Oracle Strategic Partners, Psilos Group Managers, Chase Capital Partners, The Invus Group, and TDF in this round. “We share Health Hero’s vision to extend care into patients’ homes, and look forward to delivering their established health and wellness applications via the most compelling medium in the home, the television,” said Jan Steenkamp, CEO of OpenTV. “Health Hero’s impressive patent portfolio and OpenTV’s ubiquitous software platform combine to bring the right tools and the right services to patients worldwide. Their know-how establishes Health Hero® as the market leader and makes them a strong strategic partner to further boost OpenTV’s worldwide leadership in interactive television.”
Concurrently, Health Hero announced the appointment of Mr. Steenkamp, CEO of OpenTV, to the company’s board of directors. OpenTV and Health Hero also entered into an extensive operating relationship designed to bring interactive health and wellness applications to consumers worldwide.
“Health Hero is solving one of the most persistent problems in e-health: making the Internet work for those who provide care every day. Our solution extends care, through simple appliances and now interactive television, to reach the people who need it the most,” said Steve Brown, CEO of Health Hero. “Our customers are realizing incredible results using our platform to manage the health of their chronically ill patients, testimony that our simple and focused approach works.”
“Health Hero is laying the foundation for quickly becoming the defacto standard Internet platform that healthcare professionals rely on to extend care into the home,” said Charles Rothstein, Managing Director of InvestCare Partners. “They have consistently taken the right steps and the right approach to putting tools in the hands of both healthcare professionals and their patients.”
This announcement was made at the ING Barings Healthcare 2000 Conference in New York City where Health Hero is a featured presenter and participant.
About Health Hero Network
Health Hero Network, Inc., based in Mountain View, California, develops and markets the industry leading technology platform for remote patient communications, monitoring, and care management. The Health Hero platform includes a technology platform for remote patient monitoring and Internet-based care management and research application services. The Health Hero® solution consists of web-based tools for caregivers and the Health Buddy® appliance, iCare Desktop™, a web based patient management application for health care professionals, patient interfaces such as the Health Buddy appliance, a secure data center acting as the repository for application services and collected data, and content for over a dozen major chronic diseases. Health Hero Network licenses its platform to medical technology and services companies seeking a technology blueprint proven to enable better chronic care with lower costs to the healthcare system. Health Hero Network technology is protected by over 40 issued U.S. patents. For more information about Health Hero, visit www.healthhero.com.
About OpenTV
OpenTV is the leading worldwide provider of software that enables digital interactive television. OpenTV provides a complete end-to-end solution for the development and delivery of interactive services via digital satellite, cable, and terrestrial broadcast. OpenTV set-top box software has been shipped with, or installed in, more than 6.1 million digital set-top boxes worldwide. To date, OpenTV software solutions have been selected by 25 television network operators worldwide, including British Sky Broadcasting (BSkyB) in the United Kingdom, TPS in France, Via Digital in Spain, Senda in Sweden, Stream in Italy and EchoStar’s DISH Network in the U.S.
The OpenTV set-top box software is licensed to more than 25 digital set-top box manufacturers, and OpenTV’s authoring tools are licensed to more than 100 independent developers and content and service providers. OpenTV is a member of the Digital Video Broadcasting (DVB) project, CableLabs OpenCable initiative, ATSC DASE, and JavaTV. OpenTV is a licensee of Personal Java from Sun Microsystems.
OpenTV is now supported by investments from eight leading Internet and broadcast companies including America Online (NYSE: AOL), General Instrument (NYSE: GIC), Liberty Digital (Nasdaq: LDIG), News Corporation (NYSE: NWS), Shaw Communications (NYSE: SJR) and Time Warner (NYSE: TWX), in addition to Sun Microsystems (Nasdaq: SUNW) and MIH Limited (Nasdaq: MIHL).
Worldwide headquarters for OpenTV is located in Mountain View, Calif., with European operations in Paris, France, and London, England; and offices in Tokyo, Japan; Seoul, South Korea; Beijing, China; and Sydney, Australia.
Information on OpenTV is available at www.OpenTV.com.
