Swiss-based Domo Health collaborates with SAK, raises €8.6M to promote home digital health 2023
On Wednesday, May 3, Swiss digital health firm Domo Health established a strategic agreement with public energy service provider St. Gallisch-Appenzellische Kraftwerke (SAK) to deliver advanced home digital health solutions.
SAK strategically invested in Domo Health in a CHF 8.5M (€8.6M) financing round.
This finance included Hirslanden Group, Céleste Single Family Office, and other renowned investors.
“We have been working with Domo Health for several years to offer our patients a high-quality service, not just in our clinics, but also in their home after their hospital stay,” says Hirslanden Group COO Stéphan Studer.
“Digital health technologies enable customized monitoring of chronic diseases like heart failure, helping people be cared for at home in a familiar environment.”
“Supporting health”
Domo Health seeks to develop a full, patient-centric ecosystem that enables individuals and healthcare providers to improve quality of life.
The company’s digital health approach has earned it partnerships with CHUV, Hirslanden Group, Inselspital Bern, and Roche.
The firm seeks scalable and long-term solutions with its AI-assisted digital health platform. Domo Health claims to offer several integrated solutions to achieve this goal.
Advanced alarm systems, digital health platforms, linked medical equipment, and a medical community-accessible smartphone app are the answers.
Domo Health’s strategic collaboration
Domo Health is growing in digital health solutions with new clients in France and Germany. The firm is also gaining medical equipment patents and ISO 13485 certifications.
SAK will help Domo distribute safety solutions commercially and meet healthcare’s growing digital needs.
SAK CEO Stefano Garbin adds, “Thanks to this strategic investment we can link and expand our 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 expanded services. We support Domo Health’s innovative approach to digitalizing healthcare, which has already improved the safety of many elderly individuals at home.
“As a partner in this development, we want to improve connectivity and supply security, especially for seniors and their families.”
Garbin says, “We are pleased to offer our customers, who have trusted us for many years, further innovative services able to make their lives a little easier and safer.