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Announced

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Goldman Sachs and Heritage Group completed the investment in AvaSure.

Synopsis

Goldman Sachs Asset Management and Heritage Group closed investment in AvaSure, a provider of inpatient audiovisual monitoring telehealth solutions. Financial terms were not disclosed. AvaSure's TeleSitter solution allows one trained hospital employee to monitor up to 16 patients simultaneously, preventing not only falls, but elopement, violence against caregivers and other adverse events. "AvaSure's growth has increased substantially year-over-year, and we are proud to be partnering with top-tier investors who can provide our company with an added bench of expertise as we seek to scale and build on our success," Brad Playford, AvaSure CEO.

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