Physitrack raises AU$1.8 million from investors

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Global expansion for rehabilitation platform possible by funding boost.

[Melbourne, Australia - 07 October] – Physitrack Ltd, the eHealth provider, has raised AUD$1.8 million in an oversubscribed capital raising to a group of sophisticated investors including Crown Ocean Capital.

Physitrack has developed the latest innovation in home exercise programming, designed to help patients following a home exercise rehabilitation program prescribed by clinicians such as physiotherapists, chiropractors, and OH&S professionals.

Accessed via a smartphone, tablet or computer in real time, Physitrack features a video library of over 600 exercises in high definition, which healthcare providers use to build specific home exercise programs tailored to individual patient needs.

Programs such as this can improve patient adherence, which in turn leads to better clinical outcomes.The capital raising strengthens Physitrack’s financial base and supports the expansion of the business into Asia-Pacific, the UK and the United States.

Nathan Skwortsow, founder and Chief Technology Officer of Physitrack said: "We are very proud of the confidence the investment community has in our company and technology.

With this additional funding, we can expand the availability of our rehabilitation platform globally and further strengthen our current position in Australia.

In Australia, more than 200 clinics use Physitrack and the platform is currently endorsed by the national body, Sports Medicine Australia.”

About Physitrack

Physitrack offers physiotherapists, chiropractors, occupational health and safety professionals and pharmaceutical companies tools for home exercise provision. Physitrack provides patients with a user-friendly platform to make the rehabilitation process clear and transparent and promote recovery. Physitrack was founded by Nathan Skwortsow, well-known founder of Dutch websites Kamernet.nl and Lexa.nl. Physitrack is currently available in Australia, the Netherlands and in the United States via telemedicine providers VSPN.

For more information, please contact:

Anna Denby
Buchan Consulting
02 9237 2809
adenby@buchanwe.com.au

Kate Scanlon
Buchan Consulting
02 9237 2814
kscanlon@buchanwe.com.au

Or visit Physitrack here.