For the past nine years, Performance Health Technologies, Inc. has been developing and marketing evaluation and rehabilitation products that monitor and guide exercise and give real-time motivational feedback. While the company prides itself on helping others teach and treat themselves, Performance Health has formed a new partnership that may take healthcare to the next level.
Performance Health announced a partnership with the Minnesota-based company, Logic Product Development, to design a next generation Core: TX® rehabilitation device.
The Core:TX® is a computer-based program that utilizes wireless motion-sensing technology designed for neuromuscular re-education. This is a technique used by rehabilitation therapists to restore normal movement in patients with neurological conditions, such as stroke and traumatic brain injury.
Performance CEO Robert Prunetti is very excited about the partnership. Prnuetti said, “We are excited by Logic’s mission to help its clients design, develop, and deliver better products sooner. The market for consumer-electronic-based therapeutic and well-being products is expected to grow by 20 percent per year, reaching about $4 billion worldwide by 2010. We are committed to innovating our products to meet this demand through the convergence of clinical knowledge and cutting-edge technology. We expect our partnership with Logic to help us continue to support these efforts and look forward to a prosperous relationship.”
With the cost of healthcare going up at a rapid pace, Performance Health Technologies and Logic Product Development are providing options to the consumer and teaching people how to help themselves. This partnership is certainly one that investors should keep an eye on.
Let us hear your thoughts: Performance Health Technologies, Inc. Message Board