Netscientific Regulatory News (NSCI)

NetScientific plc

("NetScientific" or the "Company" or the "Group")

Wanda Technology Selected by 24Hr HomeCare to Improve Care and Reduce Hospital Re-admissions

London, UK - 23 September 2016 - NetScientific plc ("NetScientific", AIM:NSCI), the transatlantic healthcare IP commercialisation Group, announces that its portfolio company, Wanda, has been selected by the Los Angeles-based 24Hr HomeCare to provide its predictive analytics and behavioural guidance technology to improve outcomes for at risk-patients and reduce hospital readmissions. 

24Hr HomeCare is a leading provider of high-quality, professional caregiving services to seniors and the disabled, allowing them to continue full, active and healthy lifestyles.

Commenting on the news, François R. Martelet, Chief Executive Officer of NetScientific and Chairman of Wanda, said: "24Hr HomeCare's decision to use Wanda's home-centred care technology to improve outcomes and manage the care of individuals with chronic disease and other high risk conditions is an excellent endorsement of Wanda's growing reputation as a digital healthcare technology."

The full text of the announcement issued by Wanda on 22 September 2016 is as follows:

24Hr HomeCare to Deploy Wanda's Home-Centered Care Technology to Improve Care and Reduce Readmissions

SAN FRANCISCO -Sept. 22, 2016 - Wanda™, recognized for bringing new and proven technologies to home-centered care, today announced that the Los Angeles-based 24Hr HomeCare has selected Wanda's predictive analytics and behavioral guidance to improve outcomes and enhance patient satisfaction.

"As a rapidly growing, nonmedical homecare company, we concluded that it would be a huge asset to implement science-driven technology to monitor the health of our clients between staff visits, as well as to have tools to better predict events that could lead to readmissions," said Zachary Morgan, regional director of strategy and partnerships for 24Hr HomeCare. "After considering other options, Wanda's offering stood out, including their integration of client personality assessment with proven predictive analytics. We also liked the Wanda team's passion for what they were doing and felt a cultural alignment between our organizations."

"We are excited to help 24Hr HomeCare advance its efforts to keep their clients safely at home at an affordable cost, especially those with high risk," said Mark Heinemeyer, chief collaboration officer for Wanda. "Wanda provides a perfect complement to 24Hr HomeCare's existing high-quality programs and will assist caregivers as they proactively manage the care of individuals with chronic disease and other high risk conditions. We look forward to a successful partnership that results in excellent care for 24Hr HomeCare customers and reduces the risk of readmissions."

24Hr HomeCare is deploying the solution immediately.

Wanda representatives will be on hand at the Home Care Association of America 2016 Leadership Conference September 25-28 in Anaheim, CA. Please contact us in advance to learn more about Wanda's innovative solution for home-centered care.

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About NetScientific Plc

NetScientific is a transatlantic healthcare IP commercialisation Group focused on improving the health and well-being of people with chronic diseases.

For more information, please visit the website at www.netscientific.net

About Wanda

San Francisco-based Wanda is dedicated to advancing the effectiveness and efficiency of medicine by using machine learning in place of conventional technologies and by enabling clinicians to make more informed care decisions. Wanda recognizes that remote monitoring and algorithms cannot save lives or reduce hospitalizations unless the individual and their caregivers are promptly informed and highly engaged. Through the collaboration of data science and applied medical research, Wanda has proven that its inline analytics predict preventable events much better than conventional methods. Wanda serves as a diligent companion, providing encouragement and intelligent visual guidance that simplifies and improves lives, while simultaneously helping organizations reduce their care delivery costs. Wanda is a NetScientific portfolio company. More information about Wanda can be found at www.yourwanda.com.

About 24Hr HomeCare

24Hr HomeCare is a Los Angeles-based company that provides high-quality, professional caregiving services to seniors and the disabled, allowing them to continue full, active and healthy lifestyles. Founded by David Allerby, Tyner Brenneman-Slay, and Ryan Iwamoto in 2008, 24Hr HomeCare has expanded to thirteen locations throughout California and Arizona, hiring over 3,000 employees. Services include assistance with personal care, meal preparation, medication reminders, light housekeeping, and transportation services. 24Hr HomeCare was ranked by the Los Angeles Business Journal as the #14 Best Place to Work in 2013, and by Forbes Magazine as the #24 Most Promising Company in America in 2014.