Effective April 15, 2011, Sentry Health Monitors, LLC (“Sentry Health”), the owner and operator of all health monitors previously owned by Lifeclinic International, Inc. (“Lifeclinic”), and Health Station Networks, Inc. (“HSNI”) have entered into a binding letter of intent whereby HSNI will acquire substantially all of the assets of Sentry Health. Sentry Health owns and operates a network of over 20,000 commercial, automated, blood pressure monitors and health stations located in pharmacies, grocery stores, worksites, medical clinics and health clubs in the United States and Canada and which account for 500 million blood pressure and other non-invasive biometric measurements annually. The use of the monitors is free of charge to consumers, with advertising supporting most of this access. HSNI is owned by a consortium of strategic partners from the health and wellness industry and the digital media industry, and is led by Kenneth S. Williams, CEO. Williams is a media industry veteran who spent 18 years with Sony Pictures Entertainment, culminating as President of Sony’s Digital Studios Division. He was President and CEO of Ascent Media Group, part of John Malone’s Liberty Media, where he was responsible for the acquisition and operation of AccentHealth, the largest Health Education TV Network in the U.S. Most recently Williams has been an investor and President/CEO of Health Club Media Network, the largest operator of media in over 4,000 health club facilities nationwide. There he has been actively involved in the conversion of its analog placard business to a digital kiosk platform. HSNI expects to close the acquisition of the Sentry Health assets by no later than the end of May, 2011. During the period through closing, Sentry Health will continue to operate under the direction of Andrew Bebbington, its CEO, and will service its large installed base in conjunction with the former Lifeclinic independent dealer network. Commenting on the proposed transaction, Ken Williams said “Sentry Health has the largest network of installed blood pressure machines in the world. It has started the transition of this network into a richly featured, Internet connected, digital health station network, offering a range of critical biometric tests and tracking capabilities for individual users. Our country is in a health care crisis, and SHM’s network of health monitors can be utilized to build effective health and wellness solutions. Our goal at HSNI is to accelerate this transition to the new health monitor platform and to provide more effective health risk assessment and empowerment for individuals and organizations. The sponsorship of the health stations allows prominent companies engaged in the healthcare industry to impart information about meaningful health products and services to a vast user base. This captive audience also provides the enormous and dynamic opportunity for mobile applications and the portability of personal health records that will be subscriber supported. We intend to closely partner with our retailer and corporate customers to provide a consumer environment in which individuals can begin to take more control of their own personal health and wellness, and companies can help their employees by providing intervention and coaching solutions utilizing meaningful, real time data and information.” Andrew Bebbington added “The HSNI management team is experienced and has a demonstrated track record of success. They have assembled an outstanding consortium of industry partners, offering years of knowledge, cutting edge technology, and visionary leadership in the fields of health and wellness. The company has the resources and capability to change the paradigms of how personal health and wellness are addressed over the coming years.” Contact information for Sentry Health Monitors is: Pam Halverson, 201 South Main, Suite 1400, Salt Lake City, Utah 84111. Phone (801) 596-0600. Contact for Health Station Networks is: Lon von Hurwitz, 65 W. 70th Street, Suite 4 South, New York, NY 10023 Phone 212.362.0898
Effective April 15, 2011, Sentry Health Monitors, LLC (“Sentry Health”), the owner and operator of all health monitors previously owned by Lifeclinic International, Inc. (“Lifeclinic”), and Health Station Networks, Inc. (“HSNI”) have entered into a binding letter of intent whereby HSNI will acquire substantially all of the assets of Sentry Health.
Sentry Health owns and operates a network of over 20,000 commercial, automated, blood pressure monitors and health stations located in pharmacies, grocery stores, worksites, medical clinics and health clubs in the United States and Canada and which account for 500 million blood pressure and other non-invasive biometric measurements annually. The use of the monitors is free of charge to consumers, with advertising supporting most of this access.
HSNI is owned by a consortium of strategic partners from the health and wellness industry and the digital media industry, and is led by Kenneth S. Williams, CEO. Williams is a media industry veteran who spent 18 years with Sony Pictures Entertainment, culminating as President of Sony’s Digital Studios Division. He was President and CEO of Ascent Media Group, part of John Malone’s Liberty Media, where he was responsible for the acquisition and operation of AccentHealth, the largest Health Education TV Network in the U.S. Most recently Williams has been an investor and President/CEO of Health Club Media Network, the largest operator of media in over 4,000 health club facilities nationwide. There he has been actively involved in the conversion of its analog placard business to a digital kiosk platform.
HSNI expects to close the acquisition of the Sentry Health assets by no later than the end of May, 2011. During the period through closing, Sentry Health will continue to operate under the direction of Andrew Bebbington, its CEO, and will service its large installed base in conjunction with the former Lifeclinic independent dealer network.
Commenting on the proposed transaction, Ken Williams said “Sentry Health has the largest network of installed blood pressure machines in the world. It has started the transition of this network into a richly featured, Internet connected, digital health station network, offering a range of critical biometric tests and tracking capabilities for individual users. Our country is in a health care crisis, and SHM’s network of health monitors can be utilized to build effective health and wellness solutions. Our goal at HSNI is to accelerate this transition to the new health monitor platform and to provide more effective health risk assessment and empowerment for individuals and organizations. The sponsorship of the health stations allows prominent companies engaged in the healthcare industry to impart information about meaningful health products and services to a vast user base. This captive audience also provides the enormous and dynamic opportunity for mobile applications and the portability of personal health records that will be subscriber supported. We intend to closely partner with our retailer and corporate customers to provide a consumer environment in which individuals can begin to take more control of their own personal health and wellness, and companies can help their employees by providing intervention and coaching solutions utilizing meaningful, real time data and information.”
Andrew Bebbington added “The HSNI management team is experienced and has a demonstrated track record of success. They have assembled an outstanding consortium of industry partners, offering years of knowledge, cutting edge technology, and visionary leadership in the fields of health and wellness. The company has the resources and capability to change the paradigms of how personal health and wellness are addressed over the coming years.”
Contact information for Sentry Health Monitors is: Pam Halverson, 201 South Main, Suite 1400, Salt Lake City, Utah 84111. Phone (801) 596-0600. Contact for Health Station Networks is: Lon von Hurwitz, 65 W. 70th Street, Suite 4 South, New York, NY 10023 Phone 212.362.0898
