The Paliwoda Group Announces Health Tech Fund to Invest in Startups That Reduce Healthcare Costs

NEW YORK, May 7, 2012 /PRNewswire/ -- The Paliwoda Group today announced a new investment initiative that targets early-stage companies transforming the healthcare delivery model in the United States. The Health Tech Fund supports innovation that can significantly reduce healthcare costs through enhanced operational efficiencies at service providers, and which offers viable options for managing chronic illness in aging populations.

The Health Tech Fund focuses on key segments within the healthcare sector, including: cost transparency that helps healthcare consumers make more informed decisions when selecting local service providers; remote monitoring of patients to better manage chronic illness; and synthesis of information from a diverse ecosystem of healthcare devices to provide more comprehensive longitudinal tracking of health metrics for each patient.

"While boasting a technologically advanced approach to practicing medicine, rising healthcare costs are an unsustainable burden on the U.S. economy," said Ron Paliwoda, founder and President of The Paliwoda Group. "We support novel approaches that reduce spending on healthcare by individuals, service providers, and government; and which allow exceptional care to more broadly penetrate underserved communities."

The Health Tech Fund will tailor its investment to the unique requirements and value propositions offered by each selected project. Preferred investment candidates will value strategic partnership in addition to investment capital.

Applications for the Health Tech Fund are now being accepted online at www.paliwoda.com/healthtech. The most promising projects will be invited to meet with a member of the firm's Ventures investments team. Projects will be announced as they are selected for funding, unless they choose to remain operating in stealth mode.

About The Paliwoda Group

The Paliwoda Group is a private investment firm that focuses on young companies with unique value propositions, and companies that require restructuring or divestiture. Through its Ventures arm, the firm identifies and invests in talented teams looking for guidance on taking their early-stage initiative to the next level, with an emphasis on projects and intellectual property that can add value to, or complement, the firm's existing business divisions, products and technologies. Company information is available at www.paliwoda.com.

SOURCE The Paliwoda Group