TSV Holdings, a provider of end to end healthcare solutions, has changed its name to Azure Healthcare.
In January 2012, Azure Healthcare raised $2.08m through rights issue, where in excess of 65% of the shareholders taking up the rights issue.
The remaining 35% shortfall was taken by a series of investors including Robert Grey, chairman and CEO of Azure Healthcare; Nathan Buzza, founder and chief executive of CommtechWireless; Michael Ruane, businessman of Perth, Australia.
Azure Healthcare chairman and CEO Robert Grey said the Austco business has been operational for over twenty five years and installed some 6,000 nursecall systems.
"Nursecall systems are the primary method in which patients attract the attention of nursing staff, so it makes logical sense to integrate these third party platforms into our staff allocation platform," Grey added.
"Within Acute Care there is a myriad of clinical alarm systems; Patient Monitoring devices that measure your O2 Levels, Heart Rate and Blood Pressure along with Ventilators and IV Pumps.
"With our Aged Care market segment, we have opportunities to integrate with the existing providers of Care Management Database and further enhance our line of Dementia Monitoring Solutions."
CommtechWireless founder and chief executive Nathan Buzza said, "Coupled with the additional $1.375m of funding for R&D, with the 45% rebate provided by R&D Tax Incentive, the company is well positioned to capitalise on Clinical Workflow integrations."