Switzerland-based Domo Health, a digital health company, announced on Wednesday, May 3, that it has entered into a strategic alliance with Swiss public energy service provider St. Gallisch-Appenzellische Kraftwerke (SAK) to offer advanced digital health solutions at home.
As part of a funding round of CHF 8.5M (nearly €8.6M), SAK has strategically purchased a significant interest in Domo Health.
Existing partners like Hirslanden Group, the Single Family Office Céleste, and other reputable investors have also participated in this funding.
Stéphan Studer, COO of Hirslanden Group, says, “We have been working with Domo Health for several years in order to offer our patients a high-quality service, not just in our clinics, but also in their home after their hospital stay.”
“Digital health technologies enable the customised monitoring of chronic diseases, such as heart failure, thus helping people to be cared for at home in an environment familiar to them.”
“Empowering health together”
Domo Health aims to create a complete, patient-centric ecosystem that empowers individuals and healthcare professionals to bring more quality of life for everyone.
The company is already working with partners like the CHUV, Hirslanden Group, Inselspital Bern, and Roche, and has developed its name in the healthcare industry by taking a complete digital health strategy.
Through the use of its AI-assisted digital health platform, the company wants to offer scalable and long-lasting solutions. Domo Health claims to have created a number of integrated solutions to help them reach this goal.
The solutions include advanced alarm systems, digital health platforms, connected medical equipment, and a specialised mobile app that offers users access to the medical community.
Domo Health’s strategic partnership
With new clients in France and Germany, Domo Health is strengthening its position in the market for digital health solutions. The company is also acquiring new patents and quality certifications for medical equipment, such as ISO 13485.
The partnership with SAK will facilitate both the commercial distribution of Domo safety solutions and the rising need for digital solutions in the healthcare industry.
Stefano Garbin, CEO of SAK, says, “Thanks to this strategic investment we can link and expand our services in the field of connectivity and everyday safety services with our energy and telecommunications services.”
“We chose Domo Health because of its innovative, modular and scalable approach, allowing us to offer holistic and custom solutions in our increased offer of services. We welcome and promote Domo Health’s unique approach to the digitalisation of the healthcare system, which has already paid off offering significant benefits for the safety of many elderly people at home.”
“As a partner in this development, it is our concern to strengthen connectivity and security of supply, especially for seniors and their families.”
“We are pleased to be able to offer our customers, who have trusted us for many years, further innovative services able to make their lives a little easier and safer,” adds Garbin.