Paris –17 June 2014 – EnterNext, the Euronext subsidiary dedicated to promoting and growing the market for SMEs[1], today congratulated Bluelinea, a silver economy stakeholder and provider of connected devices that help dependent persons remain in their own homes, on its listing on Alternext in Paris.
Founded in 2006 by Alexis Westermann and Laurent Levasseur, Bluelinea quickly became a pace-setter in connected devices used by healthcare institutions. Building on the success of BlueTag®, a medical alert system designed specifically for newborns, in 2010 the company expanded into homecare assistance for seniors with BlueGard®, a bracelet for patients suffering from Alzheimer’s disease. Bluelinea regularly updates its unique product range, which is designed to protect patients while assisting care-givers. Today more than 400 maternity hospitals and medical institutions offer assisted-living solutions for seniors that rely on its medical alert solutions, primarily through a pay-per-use service package.
Building on its technological expertise and in response to the challenge of enabling frail and dependent seniors to stay in their own homes, Bluelinea has developed a range of personal services that it markets as BlueHomeCare®. Today over 10,000 people subscribe to its service offerings and are linked to one of its monitoring platforms.
Through its move into home services and connected devices, Bluelinea is responding to the challenges facing a society with an aging population, offering support and assistance to the elderly, frail and dependent through medical care and services delivered to their home.
Bluelinea (ticker code: ALBLU) was listed through the admission to direct trading of the 1,996,836 shares making up its equity. This followed a transfer from the Free Market (Marché Libre). Market capitalisation on the day of listing was around €15.9 million.
“We would like to welcome Bluelinea, a pioneering player in the healthcare sector, to Alternext. Transferring to this market will expand Bluelinea’s shareholder base and bring it the resources it needs to pursue the strategic priorities underpinning its growth strategy, including deployment of its innovative ‘Retirement home at home’ concept,” saidEric Forest, Chairman and CEO of EnterNext.
Laurent Levasseur, President and CEO of Bluelinea, added: “Listing on Alternext will bring us additional visibility and enable us to win new types of investors. We will also be able to step up the pace of our development in the fast-growing silver economy.”