FreshLoc Technologies and Wello, developers in specialized temperature monitoring in healthcare, are pleased to announce the close of a new round of funding, in support of their rapid growth rate over the past two years at an amount in the low seven-figure range. The current growth rate has exceeded 60% and all earlier plans. Nationwide expansion of services, sales and new product will continue to move apace. Lumos Partners was the exclusive advisor to FreshLoc Technologies on these transactions.
In this past year, the company grew and released new visualization products and services bringing its many types of sensors and measurements all the way to the equipment itself adding trending, calibration information along with the basic measurement display. Also, in service to its customers in labs and blood banks, FreshLoc has completed its ISO-17025 as well.
An employee-owned company, FreshLoc Technologies and its subsidiary, Wello, are strengthening positions throughout hospitals, pharmacies, clinic chains, national laboratories, infusion centers, surgical centers, blood banks, long term care facilities, healthcare food service departments and others interested in best practices and regulatory compliance.