Health Watch Holdings, Inc., (Health Watch), based in Cherry Hill, New Jersey, is the second largest provider of personal response systems (“PRS”) and monitoring services in the United States.  The PRS industry serves the needs of medically at-risk elders and disabled individuals who wish to remain in their own homes.  Health Watch’s technologically-advanced PRS enables individual subscribers to transmit a distress or other healthcare-related signal to its central monitoring station in Boca Raton, Florida, which then communicates with the subscriber and notifies emergency response agencies and/or family members when required.

Health Watch was organized by BP and existing Health Watch management to acquire certain assets of Response USA, Inc. (“Response”) and all of the equity interests of Response’s four operating subsidiaries.  BP provided capital to fund the required deposit upon execution of the purchase agreement, as well as the transaction expenses.  BP subsequently raised approximately $32.6 million of senior debt, subordinated debt, and preferred stock to finance the transaction in May 2004.  BP was an equity owner in Health Watch. 

In April, 2007, Health Watch was sold to Philips, NV.