Charlottesville’s Caretaker Medical, maker of a wearable vital signs monitor, raises millions

Charlottesville’s Caretaker Medical, a health-tech company that’s developed a wearable vital signs monitor and early-warning device, has raised $7.35 million in equity financing from 23 investors, according to a Securities and Exchange Commission filing.

Caretaker Medical did not respond to a request for comment. The company said in its filing it was seeking a total of $9.19 million with the equity raise, and that more than $1.84 million was remaining to be sold in early March. Companies sometimes decline to comment on funding raises for fear of running afoul of SEC regulations.

Last year it received Food and Drug Administration clearance for its monitor, called VitalStream, which measures blood pressure, cardiac output and other basic measures, like heart rate and respiration rate. The data recorded on the monitor can be streamed to displays from a smartphone to web portals and allow patient monitoring and notifications away from the hospital.

Led by CEO Jeff Pompeo, the company…

Read the full story from the Washington Business Journal.
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