Fast-growing telehealth kiosk maker HealthSpot raising $6M

HealthSpot, which recently announced a big collaboration with Xerox and a pilot with Rite Aid pharmacies in Ohio to use its telehealth kiosks, is looking to raise $6 million, according to a filing with the the SEC. The Ohio-based company develops fully enclosed, 40 square-foot kiosks that can seemingly be implemented anywhere, from the Cleveland […]

HealthSpot, which recently announced a big collaboration with Xerox and a pilot with Rite Aid pharmacies in Ohio to use its telehealth kiosks, is looking to raise $6 million, according to a filing with the the SEC.

The Ohio-based company develops fully enclosed, 40 square-foot kiosks that can seemingly be implemented anywhere, from the Cleveland Clinic to Rite Aid to yet another recent partnership with Florida Blue and Miami Children’s Hospital.

The kiosks are designed to quickly  diagnose non-emergency conditions and come equipped with interactive medical devices that customers are directed to use by the physician on the other side of the screen. It can also be applied to behavioral health consultations.

HealthSpot could be well-positioned to capitalize on growing interest in telemedicine booths, not just from providers but increasingly private payers and Medicare. And consumers are likely to embrace the concept as well, which has prime-time providers angling to to adopt telemedicine strategies to be more consumer-oriented and cost effective.

Shortly after rolling out its kiosks in January 2013, the company raised about $10.4 million in a Series C round.  The company is headed by CEO Steve Cashman. The company has revenues of up to $1 million, according to the From D filing, and the latest fund raise will be through the offering of debt and security to be acquired upon exercise of option.