News
VRI Press Release
November 13, 2007
"Valued Relationships Secures Growth Investment from Blue Canyon Capital"
Dayton, OH., Nov 13 - Valued Relationships (VRI) today announced it has received an investment by Blue Canyon Capital to expand the company's product offerings, hire additional personnel and continue upon its long standing reputation of quality care. Valued Relationships, headquartered in Dayton, OH, has nearly 20 years of experience in medical alert monitoring having served over 100,000 members over that time period. The company currently has over 30,000 members and serves customers in all 50 states. VRI's services include technologies that enable seniors and those with disabilities to maintain their independence. The company's personal emergency response system (PERS) allows customers to talk to a Care Representative at the press of a button located around their neck, or wrist. VRI's medication adherence monitoring ensures that seniors take their medication at the right time and at the right dosage. The prescription tracking service informs caretakers of our member's medication regimen.
As an integral part of ensuring VRI's continued success, Darren Torrence will remain General Manager of VRI and will focus his efforts on maintaining and developing relationships with government agencies and the company's network of over 300 dealers. In addition, he will oversee the Care Center, which has developed into one of the industry's leading patient monitoring centers having achieved the coveted 5 Diamond Certification by the Central Station Alarm Association.
Two additional senior level managers will join the VRI team. Andy Schoonover will lead the company's Sales, Marketing and Technology efforts and Chris Hendriksen will head up the Finance, Operations, and Customer Service departments. "Andy and Chris bring a tremendous amount of talent and energy to our team." Darren Torrence said. "Most importantly they share VRI's passion for providing our members with more than "emergency response" services. Whether there is a stranger at the door or there is a need to walk down an icy driveway to get the newspaper, we want members to contact us so that we can be there to ensure that they feel secure".
"I knew VRI was a tremendous place as soon as I stepped into the 'Care Center'. I heard a sense of warmth in the Customer Care Representatives voices that I hadn't heard in any other monitoring center. I'm honored to be a part of the team and look forward to continued growth and innovation," Andy Schoonover added.
Blue Canyon Capital was formed by Andy Schoonover and Chris Hendriksen in July of 2006 to find, operate, and make a long term investment in a small growth company. The fund is backed by a number of operations, finance, and sales executives that will provide VRI with the expertise and contacts to continue its impressive growth. Blue Canyon is structured to make an investment in one company in which the Managing Partners can take active management roles. There are no plans for Blue Canyon to make additional investments outside the medical alert monitoring industry but will consider acquisitions or partnerships to add to VRI's base of capabilities and customers.
"Blue Canyon was looking for an investment that had both growth opportunities and a mission to better people's lives. VRI represents a perfect blend of those two characteristics," Chris Hendriksen said. "We are excited to join Darren to provide services that are a win-win for all involved; seniors become more independent, care takers are reassured that their loved ones are safe, and insurance companies and government agencies lower costs by servicing seniors in the comfort of their homes."
VRI is a healthcare services company with nearly 20 years of experience in medical alert monitoring. Located in Dayton, OH VRI's services utilize technology to enable seniors and those with disabilities to maintain their independence and avoid long term care facilities and hospitalization. The company's service portfolio includes Personal Emergency Response Systems (PERS), electronic medication reminder devices, telehealth and vitals monitoring, fall detection, medication management and mobile medical alert solutions. The company currently serves over 30,000 clients in all 50 states. For more information, or to see the range of VRI's products, please visit www.monitoringcare.com.
Contact:
Valued Relationships Inc.
www.monitoringcare.com
Andy Schoonover
Sales, Marketing, and Technology
937-247-0140
andy@monitoringcare.com
www.bluecanyoncapital.com
Darren Torrence
General Manager, Director of Marketing
800-460-4230
darren@monitoringcare.com
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