Goldman Sachs Backs AI in Hospitals With $47.5 Million Kontakt.io Investment [BNN Bloomberg (Canada)]
HCA Healthcare, Inc. (HCA)
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Source: BNN Bloomberg
It's the 39th investment in health care from the bank's growth equity division and the deal is “a good example of what is coming down the pipe” for its portfolio, according to Christian Resch, the UK-based the Goldman partner who led the financing and will sit on Kontakt.io's board. Kontakt.io, formed in Poland in 2014, makes small bluetooth-connected devices that stick on hospital equipment and software for managing the data collected by the sensors. The idea is to track practically everything inside a hospital — from patient beds to ultrasound machines — to help managers make decisions about capacity and replacement. The startup wants to build out an AI system that can offer suggestions to managers. It bills for the entire tracking system, rather than solo sensors. Philipp von Gilsa, Kontakt.io's chief executive officer, said his business helps health-care operators curb inefficiencies and manage pressures like crippling nursing shortages. “Hospitals are extremely, extremely wa
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