Sibel Health Partners with Capital Region of Denmark for Advanced Monitoring Solutions
Sibel Health and Capital Region of Denmark Forge Innovative Partnership
In a remarkable step towards enhancing healthcare in Denmark, Sibel Health, a trailblazer in medical technology, has been chosen by the Capital Region of Denmark to provide continuous wireless monitoring solutions. This decision marks the start of a long-term innovation partnership aimed at transforming hospital care through state-of-the-art monitoring technology.
Founded as a spin-out from the Querrey-Simpson Institute for Bioelectronics at Northwestern University, Sibel Health is renowned for its FDA-cleared ANNE® One monitoring platform. This cutting-edge system, equipped with clinical-grade wearables, enables the continuous monitoring of vital signs, addressing the pressing healthcare challenges faced by hospitals, including staffing shortages and increased patient load.
The partnership's innovative approach focuses on problem-solving through a thorough and competitive selection process. By employing the EU innovation partnership model, Sibel Health and the Capital Region prioritized the specific needs of healthcare providers, fostering collaboration from the outset. The upcoming deployment of this monitoring technology will initially see implementation across leading hospitals in the Copenhagen area, setting a new standard for acute care.
Dr. Steve Xu, CEO and co-founder of Sibel Health, expressed excitement regarding this collaboration, stating, "We are deeply honored for Sibel Health and our ANNE® One monitoring platform with advanced medical wearables to be selected by the Capital Region of Denmark. The future of monitoring centers on technology that surveils a patient condition wirelessly and continuously, reduces physical and cognitive load for nurses, and seamlessly integrates with hospital IT infrastructure."
Equally enthusiastic, Line Vibe, Head of Hospital Segment in Dräger Denmark, highlighted the importance of Sibel Health's technology in aligning with the clinical workflows and staffing needs of the region. Notably, Brian Holch Kristensen, Chief Innovation Officer at Bispebjerg Hospital, commented on the success of the project being rooted in collaborative procurement and innovation, stating, "Only through close collaboration and new models of procurement can we solve the most challenging problems in healthcare."
As part of the four-year agreement, Sibel Health will facilitate the installation of its innovative monitoring solutions in over 1,000 hospital beds, with an estimated contract value exceeding $20 million USD. Beyond this initial phase, the technology is expected to expand to other regions of Denmark, with a total projected value exceeding $100 million USD over the next decade.
Additionally, Sibel Health plans to establish a local base of operations in Copenhagen, to effectively support this long-term partnership and ensure the success of the deployment. JooHee Lee, Senior Product Manager and co-founder of Sibel Health, remarked on the strategic importance of this move, stating, "We aim to succeed as a long-term partner in this innovation collaboration, ensuring that our medical monitoring solutions meet the ongoing needs of the healthcare system."
Sibel Health's mission, encapsulated in their motto,