This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

TELUS Ventures Invests In Global Health IT Pioneer Get Real Health

Funding stake comes as momentum in personal health industry continues to accelerate

VANCOUVER, and ROCKVILLE, MD, Aug. 27, 2013 /CNW/ - TELUS Ventures is making a significant investment in Get Real Health, a global patient engagement software company based in Rockville, Maryland in the United States. Get Real Health specializes in personal health record (PHR) technology, powered by their award-winning software platform InstantPHR.  The funding stake spotlights the potential both organizations see in the fast-moving personal health IT space - a rapidly growing industry expected to grow to $250 billion by 2015, according to the World Bank.

The TELUS Ventures funding will allow Get Real Health to achieve several objectives, including:
  • Accelerate the development of new features and functionality of Get Real Health's software product, InstantPHR
  • Build its customer support capability and offer customers more tools to help them be successful with its software
  • Expand its marketing and sales efforts
  • Form new strategic alliances to gain increased market access
  • Enhance the company's ability to provide more integrated comprehensive solutions to potential clients in conjunction with partners.

"We at Get Real Health are very excited to deepen our excellent relationship with TELUS through this investment," said Mark Heaney, Get Real Health CEO and founding partner.  Heaney said the two companies' history of positive collaboration provided an important level of trust. "Thanks to our longstanding relationship with TELUS Health, TELUS Ventures had a front-row seat to our rapid growth and our proven track record as a health IT innovator," said Heaney. "The personal health market is hot—and getting hotter—which makes the timing of this investment a prescient move for TELUS and a game-changing opportunity for us at Get Real Health."

Since January 2011, TELUS Health has been the exclusive InstantPHR partner for Canada.  Get Real Health's InstantPHR software is the technology platform that drives TELUS' PHR solutions giving patients a way to manage their own health information. Get Real Health and TELUS Health have also collaborated on numerous large-scale solutions including the Mental Health Engagement Network (MHEN) research pilot project, led by Lawson Health Research Institute, which assesses the effectiveness of the app called the Lawson SMART record (Supportive Mental Assessment Rehabilitation and Treatment). The Lawson SMART record is an innovative online tool that gives Canadians with mental illnesses an intuitive and secure way to manage their personal health information.

"TELUS Health is committed to changing the way Canadians look at healthcare through the use of innovative health technology," says Paul Lepage, President, TELUS Health. "We share a common vision with Get Real Health to effectively engage patients and motivate them to take a more proactive approach to their health. We are pleased to continue to grow our long-standing relationship with this latest investment."

Get Real Health's origins are in custom software development and systems integration services.  Having completed the transition to a successful software company, Get Real Health realized that pursuing the tremendous opportunities it saw in the personal health IT and connected care market would require greater resources. So in early 2013, the founding partners decided to take the logical next step and seek outside funding—for the first time in the company's history—to help grow the business.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $93.74 0.00%
FB $117.58 0.00%
GOOG $693.01 0.00%
TSLA $240.76 0.00%
YHOO $36.60 0.00%


Chart of I:DJI
DOW 17,773.64 -57.12 -0.32%
S&P 500 2,065.30 -10.51 -0.51%
NASDAQ 4,775.3580 -29.9330 -0.62%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs