Watermark Medical Inc, a privately held medical products and services company servicing sleep-disordered breathing patients, completed a $6 million equity investment from Ballast Point Ventures.
“We made this investment because Watermark Medical has best in class technology along with a management team who we are confident will transform the emerging sleep industry,” said Dick Brandewie, managing partner of Ballast Point Ventures.
Through deployment of its home sleep testing platform, Watermark Medical has become recognized in cloud platform medical services.
“As an emerging leader in the medical cloud computing arena, Watermark is on track to expand the technological capabilities of traditional primary care physician offices with our comprehensive cloud platform services,” said John Sculley, chairman of Watermark’s board of directors. “With Electronic Medical Records, the growing tele-health industry, and a new focus on preventative health care, there is more opportunity than ever for Watermark’s game-changing technology to help curb rising health care costs through efficiencies.”
