Secure Care Products, LLC (“Secure Care”), a US-based provider of wireless electronic monitoring equipment and real-time location systems (marketed as Location Based Data Solutions (“LBDS”)) used for wander management, infant protection, and personnel safety, has been sold to Valstone Corporation Inc (“Valstone”), a Canada-based spin-off of Valsoft. Secure Care represents Valstone’s first acquisition in the healthcare sector. Financial details were not disclosed.
Secure Care, founded in 1979 and headquartered in Concord, New Hampshire, USA, provides wander management & infant protection solutions, and location based data solutions. The Company’s solutions are used primarily in long-term care facilities and acute care hospitals throughout North America.
Valstone, headquartered in Montreal, Canada, was founded as a spinoff of six industrial companies from Valsoft. Valstone keeps acquiring businesses of mission-critical software and integrated systems solutions in niche industrial sub-sectors, including agriculture, forestry, grain, heavy construction, recycling, and waste management.
EC M&A acted as exclusive financial advisor to Secure Care on this transaction.