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Aspen, CO, United States, 2008/08/07 - Recognizing the US Market Opportunity with over 80 Mill. Annual Hospital & Nursing Home Admissions, HeCaP with its Razor & Blades Business Model, is seeking Private Equity Investors to help fund development for a U.S Adapted, Second Generation Device.
The HeCaP (Heath Care Products) Mobile Sink represents a breakthrough in personal care and hygiene for people who are temporarily or permanently immobile. The HeCaP System is a self contained mobile device developed to allow bedridden patients to comfortably maintain clean skin and hair. The system, manufactured in Germany and Switzerland, has received multiple design and innovation awards and is currently being used in leading hospitals throughout Europe and the Middle East.
US Market Opportunity 2007/08
• Hospitals: 16, 421
• Admissions: 72 million
• Nursing Homes: 16,000
• Home Care: 7.6 million
Currently, patients confined to a hospital bed may go as long as a week without having their hair washed by a nurse or without having the daily opportunity to cleanse their face using fresh, warm water.
As the population continues to expand and the baby boomer generation grows older, predictably, more people will become disabled. This will bring about an increased demand for products that allow patients to maintain their quality of life at the highest possible level even while incapacitated.
The patented HeCaP Mobile Sink is currently the only system available that allows immobile patients to comfortably cleanse their skin and have their hair washed without being displaced.
The device fills a major void in the medical field where rudimentary hygienic practices, straining both patient and care-giver have existed. The urgent need for sterilization that has historically been overlooked has also been addressed. The HeCaP Mobile Sink allows for complete sterilization as it may be completely disassembled and sanitized.
Doctors and medical professional that have utilized this device have stated that The HeCaP Mobile Sink is a long overdue and necessary device that should be mandatory in all hospitals.
“The HeCaP Mobile Sink is the one piece of newly introduced equipment that has measurably changed the lives of our patients. I fully endorse expanded use of this product” Dr.Lipman, New Rochelle, NY
HeCaP currently has numerous purchase orders from hospitals throughout Europe and the Middle East as well as an order from the Kuwait government for significant quantities of the next-generation HeCaP Mobile Sink.
Specifications and Intellectual Property
The HeCaP Mobile Sink is an ergonomically correct Modular Unit consisting of an adjustable wash basin with a pivoting range of 360 degrees that has an integrated head rest, a hand-held shower nozzle, two bio-degradable 20 liter plastic bag reservoirs (one to hold fresh water and one to capture waste water) and a digital temperature control heating element. The Unit can be completely disassembled and sanitized.
The HeCaP Mobile Sink was designed by market innovators Michael Strobel and Nic Neumann and was developed in collaboration with the Steinbeis Transfer Center for Electronics. It is manufactured in Germany and Switzerland. The company holds a European patent on the product, EP1631228B1 (2/6/2003). An international/US patent is pending.
Awards - The HeCaP Mobile Sink has received multiple awards in international design competitions:
• Braun Design Award - 2005
• Bavarian Government Award- 2006
• Fresenius Medical Care Innovation Award – 2006
The goal is to saturate the hospital; nursing home and home care market with the HeCaP Mobile Sink and generate revenue via the sale of the bags used to contain the clean and waste water. Using the proven razor and blade business model, the HeCaP Mobile Sink will be provided free of charge to service providers of the product, with an annual 700 bag minimum purchase order.
The bags are collapsible, easy to store and bio degradable. To insure that only patented (and environmentally sound) HeCaP Mobile Sink bags are used, they will be coded with a small microchip uniquely recognized by the system.
The HeCaP Mobile Sink business model is front loaded with the bulk of the R&D and manufacturing scheduled in years 1-3. By year 4, it forecasts that annual net profits from the disposables will reach $30 million with limited additional capital expenses required. After year 5, with a conservative placement of 100 units, it is expected that annual net profits will reach $60 million.
Currently the company has distribution partners in Austria, the Netherlands, Chile, Turkey, Kuwait and the United Arab Emirates. Additional interest has recently come from Japan for use in their private hospitals.
The company is currently seeking private equity investors to help fund a US adapted, second generation device.