Wikipedia

Medical Guardian

Medical Guardian is an American personal emergency response systems (PERS) provider headquartered in Philadelphia, Pennsylvania. The company has appeared in Inc. Magazine's list of 5000 fastest-growing U.S. companies nine years in a row from 2013 to 2021.[1][2][3][4][5][6][7]

Medical Guardian
Company typePrivate
Founded2006; 18 years ago (2006) in Philadelphia, Pennsylvania
FounderGeoff Gross
Headquarters
Philadelphia
,
Pennsylvania
Websitemedicalguardian.com

History edit

Medical Guardian was founded by Geoff Gross in 2005.[8] Initially, he ran the company out of his Philadelphia, Pennsylvania apartment. He made the first couple thousand sales by himself, directly marketing to seniors by phone.[8][9]

By April 2013, the company had grown to 50 employees and moved to a new headquarters and call center in Center City, the Downtown Philadelphia area.[10][11][9]

In May 2014, the company reached a deal with the Cambria County to supply the local agency with rental monitoring equipment which the county in turn provided to its senior citizens.[12] By the end of 2014, the company reported $14.4 million of revenue. This was an increase from the $10.9 million revenue it reported the previous year.[8]

As of 2015, the company does not manufacture its products but rents medical alarm equipment produced by other companies and offers subscriptions to third-party monitoring services. The equipment was produced by three different manufacturers.[8]

In January 2015, Florence Henderson became the spokeswoman for the company, appearing in commercials for Medical Guardian.[13][11][14] She would also appear in company videos and its website.[15] According to Gross, Henderson was herself a client living independently at 81-years old.[16]

By 2016, the company had also grown to 125 employees. Accordion to Gross, about sixty percent of the company is under the age of thirty-five.[17]

It had also appeared in the Inc. Magazine's list of 5000 fastest-growing companies four years in a row,[11] beginning in 2013 when it first appeared, reporting a 415% increase in revenue.[1] The company has received SmartCEO's Future 50 Awards three years in a row in 2015 to 2017.[18] Since then, Medical Guardian has been listed as an Inc 5000 company, which means the company has spent a total of nine years on the list[4][5][6][7][19]

Near the end of 2016, the company introduced a family-oriented medical alert system. The product was developed in conjunction with Essence Group, an Israeli technology company.[11] The system monitors the client's activities by use of wireless devices, motion sensors and cell phone service connected devices, sending regular updates to their family members.[11][20] However, it does not offer “smoke or carbon monoxide monitoring” as is available in some of the other medical alert systems.[21]

In October 2021, Medical Guardian acquired MedScope American Corporation,[22][23] a developer and provider of personal emergency response devices to healthcare organizations and private insurance carriers. Water Street Healthcare Partners[24] was part of the team that invested $100 million to help the Medical Guardian grow.[25] With the MedScope acquisition and company growth, Medical Guardian grew to 310 employees.[25] The company reached 300,000[25] customers, with Ruth Bader Ginsburg,[25] Associate Justice of the Supreme Court of the United States, among the ranks prior to her passing in 2020.

References edit

  1. ^ a b Borison, Rebecca (2014-12-11). "Meet the 10 Companies Proving Why It's Always Sunny in Philadelphia". Inc.com. Retrieved 2017-06-16.
  2. ^ "Medical Guardian: Number 2820 on the 2016 Inc. 5000". Inc.com. Retrieved 2017-06-27.
  3. ^ "Introducing the Inc. 5000 Fastest-Growing Private Companies in America". Inc. 2017.
  4. ^ a b "Introducing the Inc. 5000 Fastest-Growing Private Companies in America". Inc. 2018.
  5. ^ a b "Introducing the Inc. 5000 Fastest-Growing Private Companies in America". Inc. 2019.
  6. ^ a b "Introducing the Inc. 5000 Fastest-Growing Private Companies in America". Inc. 2020.
  7. ^ a b "Introducing the Inc. 5000 Fastest-Growing Private Companies in America". Inc. 2021.
  8. ^ a b c d Mastrull, Diane (2015-08-16). "Millennials successfully selling medical-alert devices for seniors". The Philadelphia Inquirer. Retrieved 2017-06-27.
  9. ^ a b Lefton, Clara (2016-06-13). "Cool Offices: Medical Guardian". Philadelphia Business Journal. Retrieved 2017-06-27.
  10. ^ Hinkelman, Michael (2013-05-08). "He's bringing in alarming revenues". The Philadelphia Inquirer. Retrieved 2017-06-27.
  11. ^ a b c d e Takiff, Jonathan (2016-11-21). "A Philly firm's new service tracks an elder's movements". The Philadelphia Inquirer. Retrieved 2017-06-27.
  12. ^ Minemyer, Paige (2014-04-25). "Cambria proud of threat response". Altoona Mirror. Retrieved 2017-06-27.
  13. ^ McKeever, Mare (2015-01-15). "Carol Brady is new face of Philly-based medical alert company". The Philadelphia Inquirer. Retrieved 2017-06-27.
  14. ^ Fiorillo, Victor (2015-01-15). "Florence Henderson Has a New Job in Philadelphia". Philadelphia Magazine. Retrieved 2017-06-27.
  15. ^ George, John (2015-01-15). "Brady Bunch' mom is a Philadelphia medical alert device company's new spokeswoman". Philadelphia Business Journal. Retrieved 2017-06-27.
  16. ^ Sherwood, Christina Hernandez (2015-10-20). "Startups serving senior market see big opportunities". Fortune. Retrieved 2017-06-27.
  17. ^ Stuart, Michaelson (February 2016). "Bridging the Generation Gap". Philly Biz. Retrieved 2017-06-27.
  18. ^ "2017 Winners - SmartCEO Future 50 Awards". SmartCEO. Retrieved 2017-06-27.
  19. ^ Debbie, Overman (2020-09-21). "Medical Guardian Appears on the Inc. 5000 Lise for the Eight Straight year". Rehab Management. Retrieved 2020-09-21.
  20. ^ Mears, Teresa (2017-04-27). "How to Care for Aging Parents From a Distance". U.S. News & World Report. Retrieved 2017-06-27.
  21. ^ Pappas, Stephanie (2016-09-22). "Best Medical Alert Systems 2017: Top 3 Picks". Live Science. Retrieved 2017-06-27.
  22. ^ Cole, Lipsky (2021-10-28). "Medical Guardian Acquirers MedScope". The Middle Market. Retrieved 2021-10-28.
  23. ^ "Medical Guardian Acquires MedScope American Corp". Medical Product Outsourcing Magazine. 2021-10-28. Retrieved 2021-10-28.
  24. ^ John, George (2021-01-12). "Philadelphia-based Medical Guardian gets large investment to fund advancement". Philadelphia Business Journal. Retrieved 2021-01-12.
  25. ^ a b c d Courtney, Duchene (2022-04-05). "Geoff Gross: The Senior Savior". The Philadelphia Citizen. Retrieved 2022-04-05.

External links edit

Retrieved from "https://en.wikipedia.org/w/index.php?title=Medical_Guardian&oldid=1194094059"