NetScientific Investee Wanda Health Expands Into Orthpedics

LONDON (Alliance News) - NetScientific PLC said Monday that its portfolio company Wanda Health has expanded into orthopedics via a new partnership with HRS Home Health.

The UK listed healthcare technology investment company owns 62% stake in Wanda, a US technology company providing software applications for remote health and patient management.

NetScientific said that the partnership with US based nursing and rehabilitation agency HRS, a Wanda client, brings "Wanda's capabilities to bear on orthopedics". In addition, the company said that initial pilot studies showed a decrease in the length of time patients were required to stay in hospital with the use of Wanda’s technology by HRS.

"HRS will use Wanda Telehealth and Predictive Analytics to provide real-time data and informatics to orthopedic surgeons and their clinical teams," the company said.

"We are delighted to announce that Wanda is expanding its analytical focus to orthpedics, which demonstrates the flexibility and potential of the technology. In particular, we are pleased that the initial pilot cases demonstrate a decrease in length of stay (LOS) from 19.4 days to 11.5 days, achieving desired outcomes for patients 41% quicker when using Wanda technology," NetScientific Chief Executive and Wanda's Chairman Francois Martelet said.

Shares in NetScientific were trading at 4.7% lower at 51.00 pence on Monday.