FreshLoc Technologies, Inc. and Wello Inc. Receive Funding for Expansion
ADDISON, Texas, May 31, 2016 /PRNewswire/ -- FreshLoc Technologies, Inc. and Wello Inc., leaders in specialized temperature monitoring in healthcare, are pleased to announce the close of a new round of funding, in support of their rapid growth rate over the past two years at an amount in the low seven-figure range. The current growth rate has exceeded 60% and all earlier plans. Nationwide expansion of services, sales and new product will continue to move apace. Lumos Partners was the exclusive advisor to FreshLoc Technologies, Inc. on these transactions.
In this past year, the company grew and released new visualization products/services bringing its many types of sensors and measurements all the way to the equipment itself adding trending, calibration information along with the basic measurement display. Also, in service to its customers in labs and blood banks, FreshLoc has completed its ISO-17025 as well.
An employee owned company, FreshLoc Technologies, Inc. and its subsidiary Wello Inc. are strengthening positions throughout hospitals, pharmacies, clinic chains, national laboratories, infusion centers, surgical centers, blood banks, long term care facilities, healthcare food service departments and others interested in best practices and regulatory compliance.
"We are so excited about the years ahead and especially that we can contribute to the ongoing improvements to bettering healthcare outcomes. We appreciate our long standing partner, Lumos Partners and their advisory services," says Rik Heller, Chairman of FreshLoc Technologies, Inc. and Wello Inc.
About FreshLoc Technologies®, Inc.
Since 1999 FreshLoc has been helping hospitals, pharmacies, laboratories, imaging centers and food operations comply with regulations to protect the people they serve. FreshLoc was the first wireless temperature monitoring company to offer industry wide compliant reporting and documentation. Today FreshLoc through its FreshNet™ Cloud processes more than 26 million measurements daily for our clients. FreshLoc deployed the first commercially available wireless sensory cloud in more than 1200 sites nationwide. FreshLoc's subsidiary, Wello Inc.is an innovator in reducing disease spread and increasing patient safety. freshloc.com. Media contact [email protected] or 469-571-4585.
About Wello Inc.
The WelloStation® provides organizations with a quick, automated, no-touch body temperature screening tool for employees, visitors, suppliers and all others who enter their facilities. Measurement data is stored in the HIPAA compliant WelloCloud® storage system for compliance and reporting purposes. Stop contagions from entering your facility with fever screening. Wello Inc. is a subsidiary of FreshLoc, pioneer in patient safety through temperature monitoring systems. welloinc.com.
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SOURCE FreshLoc Technologies, Inc.
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