Posted on Saturday 9 April 2011 by Ulster Business
"We’ve done significant research, we've got the right people on board, we've got interest from the technology companies and government, and we've made the investment and commitment to it. I would be very confident this will be a very significant export business."Initially Mr Brannigan saw an opportunity to compete in domiciliary care - a fragmented industry which currently has 5,000 outsourced providers across the UK and Ireland and costs the UK and Ireland £10.5bn. But in the medium term he sees telehealth - the application of technology to actively monitor the health of the elderly and vulnerable in their own homes - as the "future of medicine". The new company will also add a new mental wellbeing programme - developed as a means of reducing the risk of mental decline, depression and dementia - to the innovative platform already developed by McIlwaine Group. "We can deliver from that platform right across the UK and Ireland. We will have the capability from that platform of delivering into North America. But we want to ensure that we walk before we run," said Brannigan. "There is massive potential in North America, so the idea would be to grow it across UK and Ireland and then grow it into North America. US Economic Envoy Declan Kelly is helping advise as to how and where in North America we should take this when we decide to go there," he added. Global firms such as Bosch, Intel/GE, Panasonic and Philips have already invested billions in Connected Health technology, but Brannigan says his company appears to be one of the few service providers who can deliver an end-to-end solution. "We've got in early to create an end-to-end solution in order that we can co-operate with all the technology companies to deliver the solution into the health service. We seem to have caught it early as there's not another comparable platform around," he said. "We have done our homework, we haven't taken a flier. We've done significant research, we've got the right people on board, we've got interest from the technology companies and government, and we've made the investment and commitment to it. I would be very confident this will be a very significant export business."