Lebanon, OH – According to filings with the U.S. Securities and Exchange Commission, Palarum is raising $3,000,000.00 in new funding. Sources indicate as part of senior management Chief Executive Officer, Patrick Baker played a key role in securing the recent investment and it will aid in aggressively expanding the company, as well as broaden and accelerate product development.

About Palarum

Palarum is a new healthcare company offering innovative solutions that improve patient care and safety through the use of smart technologies, predictive analytics and data management. Palarum’s PUP (Patient Is UP) solution utilizes a platform built around a patented Smart Sock and IoT technologies which document and notify caregivers when a patient is truly up and out of bed unattended. This technology is an advancement from the currently utilized methods in Hospitals and provides Hospitals and Hospitals system with the technology and data to drive results within their organization.

To learn more about Palarum, visit http://www.palarum.com/

Contact:
Patrick Baker, Chief Executive Officer
513-228-1000
pbaker@palarum.com
https://www.linkedin.com/in/patrick-baker-308a0368/

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