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Kandu Health and Neurolutions Merge to Form Kandu, Inc., a New Leader in Stroke Recovery

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Kandu Health and Neurolutions Merge to Form Kandu, Inc., a New Leader in Stroke Recovery

Kandu, Inc. Announces $30 Million Financing to Advance Stroke Recovery and Rehabilitation

Van Nuys, CA โ€“ [April 8, 2025] โ€“ Kandu Health, Inc. and Neurolutions, Inc. today announced that they have merged to form Kandu, Inc. The company will set a new standard of care for stroke recovery, accessible to patients and caregivers at home, with a first-in-kind end-to-end solution for stroke survivors, combining brain computer interface (BCI) technology with personalized telehealth services.

As part of the merger, Kandu Inc. completed the first close of a $30 million financing, which was co-led by Ally Bridge Group and AMED Ventures, with participation from other existing investors. Kandu will use proceeds from the financing to support ongoing commercialization and continued execution of its mission to set a new standard of care for stroke recovery that is accessible to patients at home.

โ€œWe are excited to bring together Neurolutionsโ€™ medical device expertise with the AI-supported digital health solutions of Kandu Health,โ€ said Leo Petrossian, CEO of Neurolutions, who will lead the newly formed Kandu, Inc. as its CEO. โ€œThis merger positions Kandu, Inc. as a leader in the stroke recovery space and allows us to offer a seamless continuum of care, from the immediate post-acute phase through chronic rehabilitation and recovery. Kandu, Inc. is now able to offer a truly integrated care experience that aligns with the needs of stroke survivors, healthcare providers, and caregivers.โ€

Kandu Health, founded in 2022, is a tech-enabled healthcare services company changing the course of stroke recovery. Neurolutions, founded in 2007, is the leader in the use of non-invasive BCI technology for post-stroke therapy.

Expanding the Stroke Care Continuum

Kandu provides remote, multidisciplinary support to stroke survivors and care partners in outpatient settings through a team of licensed clinicians and an easy-to-use app. Neurolutionsโ€™ IpsiHandยฎ System is the only noninvasive FDA-cleared breakthrough device that accelerates motor recovery of the affected upper limb after chronic stroke.

By combining the infrastructure and technology of the two companies, Kandu, Inc. is uniquely positioned to provide a breadth of services that have historically been unavailable or inaccessible to stroke survivors: telehealth rehabilitation, therapy monitoring, education, caregiver support, advocacy and navigation. These services empower stroke survivors and their families while enabling healthcare providers and payers to more effectively manage post-stroke care and costs. Kandu and Neurolutions have collected high-quality data about stroke patientsโ€™ physiology, activities and clinical outcomes. These proprietary data are being used to develop AI solutions that will deliver workforce efficiency and support exceptional outcomes for stroke survivors.

โ€œThis is a merger of complementary companies with aligned missions to improve quality of life for people affected by stroke,โ€ said Kirsten Carroll, CEO of Kandu Health, who will become General Manager of Kandu, Inc. โ€œIpsiHand is the first BCI technology cleared by the FDA for stroke rehabilitation and the first to receive a Centers for Medicare and Medicaid Services (CMS) reimbursement code. Kandu Health has demonstrated dramatically lower rates of hospital readmission and significantly improved functional outcomes in patients recovering from stroke in the home setting. Together, we will continue to break barriers and deliver transformative solutions for stroke recovery.โ€

A Shared Commitment to Innovation and Patient-Centered Care

Historically, post-acute stroke care has been fragmented and short-term. Stroke survivors and caregivers often struggle with navigating the complex and disconnected healthcare system, leading to high hospital readmission rates and ongoing health challenges. Under current paradigms, 28% of stroke survivors rate their quality of life as โ€œpoor or worse than deathโ€ a year after stroke.ยน Through this merger, Kandu, Inc. aims to further bridge this gap by providing stroke survivors with continuous, evolving support throughout their recovery.

โ€œDespite years of improvements in stroke treatment technology and acute intervention, our system of care has not yet produced meaningful improvements in patientsโ€™ functional outcomes following hospital discharge,โ€ said Demetrius Lopes, MD, Neurosurgery Advocate Health. โ€œKandu offers a new approach to post-acute care that I believe will continue to improve functional outcomes for stroke survivors.โ€

Clinical Evidence for Post-Acute Care

Clinical evidence has demonstrated increased independence and lower rates of hospital readmissions for stroke survivors who received Kandu services. More than 80% of the stroke patients achieved independent living at 90 days; and readmission rates for these patients are approximately 50% lower than those in published literature. The Modified Rankin Scale (mRS) is a global measure of function after stroke, with scores of 0-2 indicating an ability to live independently. After receiving Kandu services for 90 days, 57% of the stroke survivors saw an improvement in mRS score.ยน

In a prospective clinical study of IspiHand, chronic stroke patients with impaired upper extremity motor function were evaluated at 12 weeks. Approximately 70% of stroke survivors experienced improved functional movements of their arm and hand, and all stroke survivors who completed the Arm Motor Ability Test showed clinically significant improvement in functional tasks requiring upper extremity use. Participants also experienced an average improvement of 8.1 points on the Fugl-Meyer Assessment, widely regarded as the gold standard for evaluating arm function after stroke.ยฒ

About Kandu Health, Inc.

Kandu Health was launched inside Imperative Care and spun out as an independent company in 2022 to provide tech-enabled healthcare services to people recovering from stroke. Kandu Health delivers integrated solutions that aid in the stroke recovery process for stroke survivors, their healthcare providers, and care partners. Kandu Health provides hospital staff and payers with assurance that their patients are safe and connected to the recovery resources they need. https://kanduhealth.com

About Neurolutions, Inc.

Neurolutions is a medical technology company dedicated to transforming the lives of patients suffering from neurological conditions. We are focused on advancing the field of neurorehabilitation through cutting-edge research and development. The IpsiHand System is a breakthrough, FDA-cleared therapeutic device in neurorehabilitation that uses brain-computer interface technology developed to help patients with chronic upper extremity impairments regain function after stroke. The IpsiHand device was co-invented by Eric C. Leuthardt, MD, a neurosurgeon at Washington University in St. Louis. https://neurolutions.com

ย About Ally Bridge Group

Ally Bridge Group (ABG) is a global healthcare investment management firm focused on high-impact life science innovation, having led or co-led over $6 billion of transactions across healthcare subsectors, with a mission to generate superior risk-adjusted returns for investors while seeking to address unmet medical needs. ABG aims to achieve this by blending deep scientific and clinical research with proven M&A and capital markets expertise.

 

About AMED Ventures

AMED Ventures (AMED) is a venture capital firm located in the San Francisco Bay Area, dedicated to supporting exceptional entrepreneurs and MedTech innovations that truly impact patients’ lives. The founders of AMED are seasoned entrepreneurs who have successfully built companies from the ground up, eventually growing into industry leading companies and a Fortune 500 company. With a strong track record in investment, business development, and operational management, AMED focuses on offering value-added investments and services to both entrepreneurs and its portfolio companies.

 

Citations

  1. Data on file at Kandu Health.
  2. https://journals.sagepub.com/doi/epub/10.1177/15459683241287731

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Kandu Health Announces Clinical Evidence Demonstrating the Benefits of its Remote Post-Acute Care Offerings for Stroke Recovery

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Kandu Health Announces Clinical Evidence Demonstrating the Benefits of its Remote Post-Acute Care Offerings for Stroke Recovery

โ€“ CAMPBELL, Calif.
Dec. 6, 2023

Data calls attention to stroke survivor independence, readmissions, quality of life and adherence to discharge plans

Kanduโ„ข Health, a tech-enabled healthcare services company that is changing the course of stroke recovery and post-acute care, today announced new data shared at two conferences: the Society of Vascular and Interventional Neurology (SVIN) Annual Meeting in Miami Beach and the Association of Neurovascular Clinicians (ANVC) Annual Conference in Las Vegas.

Preliminary Outcomes from First Graduates of Kanduโ€™s Program

At SVIN, Dr. Nancey Tsai, Medical Director for Kandu Medical Services and Assistant Professor at MUSC College of Medicine, presented a poster titled, โ€œPreliminary Outcomes of a Survivor-Centric Digital Platform in Stroke Recoveryโ€. The poster shared results from the first 60 graduates of Kanduโ€™s remote post-acute service. In this analysis, Kandu program graduates experienced all-cause inpatient readmission rates of 4% at 30-days and 10% at 90-days; less than half of historically published unplanned readmission rates in similar populations. In addition, at the end of the 90-day program:

  • 97% of patients reported medication adherence
  • 92% of patients had completed a neurology follow-up
  • 100% of patients had established a relationship with a primary care provider

โ€œFor our first evidence presented at an academic conference, our goal was to share preliminary outcomes for the patients cared for to date, and demonstrate the feasibility of delivering remote telemedicine services to post-acute stroke survivors,โ€ said Tudor Jovin, MD, Kandu Healthโ€™s Chief Medical Officer. โ€œWe are excited about the insights and promise demonstrated in these outcomes and look forward to building on this body of work in the coming year.โ€

Establishing Feasibility of a Post-Acute Stroke Navigation Platform

The award-winning ANVC 2023 poster by Lauren Sheehan, Sr. Director Clinical Services for Kandu Health, โ€œComplex Needs & Dynamic Solutions โ€“ Metrics That Yield Outcomes in a Post-Acute Stroke Navigation Program,โ€ evaluated how post-stroke impairments, Social Determinants of Health, and the presence of a care partner impact survivor engagement and outcomes in a remote post-acute stroke navigation program.

Jennifer Patterson, NP, Director of Neuroscience Operations at CHI Memorial Neuroscience Institute, who led the ANVC poster evaluation, said, โ€œStroke trials have traditionally categorized any patient who is able to live independently at 90 days (mRS 0-2) as having a โ€˜good outcome.โ€™ What we see in the Kandu data is that 57% of patients achieving mRS 0-1 and 77% of those achieving mRS 2-3 engaged in 10 or more post-acute Navigator touchpoints over 12 weeks, demonstrating the significant need and opportunity for these services. Kanduโ€™s ability to engage and support patients across a broad spectrum is encouraging.โ€

โ€œWe are excited to see the strong signal from this recent evidence that this work is important, our services are accessible to the communities they serve, and the outcomes we are generating are meaningful,โ€ said Kirsten Carroll, CEO of Kandu Health. โ€œWe look forward to continued partnership with our stakeholders to generate additional clinical evidence that demonstrates our value and informs policy and standard of care for stroke survivors.โ€

Kandu Logo

Kandu Health is a commercial-stage Imperative Care company that provides tech-enabled healthcare services to people recovering from stroke. Kandu Health develops integrated solutions that aid in the stroke recovery process for stroke survivors, their providers, and care partners. Kandu Health provides hospital staff and payers with assurance that their patients are safe and connected to the best resources. Kandu Health began offering its program with its first hospital partners in the greater Los Angeles and South New Jersey areas. Kandu Health is based in Campbell, Calif. https://kanduhealth.com.

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Stefan Heuser, Kandu Health
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Neurolutions, Inc. and Kandu Health Announce Strategic Partnership to Accelerate Access to Breakthrough Brain Computer Interface (BCI) and Remote Support for Stroke Rehabilitation

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Neurolutions, Inc. and Kandu Health Announce Strategic Partnership to Accelerate Access to Breakthrough Brain Computer Interface (BCI) and Remote Support for Stroke Rehabilitation

โ€“ SANTA CRUZ and CAMPBELL, Calif.
November 8, 2023

Companiesโ€™ Post-Stroke Solutions Aim to Significantly Improve Recovery Journey for Patients and Their Families

Neurolutions Inc ., the leader in the use of non-invasive brain computer interface (BCI) technology for post-stroke therapy, and Kandu Healthโ„ข, a tech enabled health care services company that is changing the course of stroke recovery and post-acute care, today announced a strategic partnership aimed to raise the standard of care for post-stroke recovery. Through this partnership, Kandu Healthโ€™s expert clinicians will support Neurolutions by providing clinical consultation and assessments of stroke survivors to determine patients who may benefit from Neurolutionโ€™s IpsiHand System.

Kandu Health provides remote, multidisciplinary support to stroke survivors and care partners after hospital discharge through a team of clinically licensed navigators and an easy-to-use app.The IpsiHand System is a breakthrough therapeutic device and the only FDA-cleared, commercially available solution that enables non-invasive, at-home rehabilitation for stroke survivors affected by chronic motor deficits. The alliance between Neurolutions and Kandu Health offers stroke survivors streamlined, expert clinical assessment for the IpsiHand System, reducing the barriers to accessing this life-changing technology.

โ€œThe Neurolutions IpsiHand is a next generation solution that meets stroke survivors where they are and empowers them through advanced thought-driven neurotechnology. By partnering with Kandu Health, we can ensure that individuals who most need the IpsiHand System are able to get it in a timely manner, and with the critical clinical support needed to optimize patient care,โ€ Hosaid Leo Petrossian, CEO of Neurolutions, Inc. โ€œWe believe this will significantly expedite the
recovery journey for countless stroke survivors.โ€

Kandu Healthโ€™s expertise in creating tech-enabled solutions for stroke recovery is a strong complement to Neurolutionsโ€™ IpsiHand System. Kandu Healthโ€™s integrated approach ensures that stroke survivors, clinicians, and care partners are connected, supported, and equipped with the resources throughout the recovery process.

Establishing Feasibility of a Post-Acute Stroke Navigation Platform

The award-winning ANVC 2023 poster by Lauren Sheehan, Sr. Director Clinical Services for Kandu Health, โ€œComplex Needs & Dynamic Solutions โ€“ Metrics That Yield Outcomes in a Post-Acute Stroke Navigation Program,โ€ evaluated how post-stroke impairments, Social Determinants of Health, and the presence of a care partner impact survivor engagement and outcomes in a remote post-acute stroke navigation program.

Jennifer Patterson, NP, Director of Neuroscience Operations at CHI Memorial Neuroscience Institute, who led the ANVC poster evaluation, said, โ€œStroke trials have traditionally categorized any patient who is able to live independently at 90 days (mRS 0-2) as having a โ€˜good outcome.โ€™ What we see in the Kandu data is that 57% of patients achieving mRS 0-1 and 77% of those achieving mRS 2-3 engaged in 10 or more post-acute Navigator touchpoints over 12 weeks, demonstrating the significant need and opportunity for these services. Kanduโ€™s ability to engage and support patients across a broad spectrum is encouraging.โ€

โ€œWe are excited to see the strong signal from this recent evidence that this work is important, our services are accessible to the communities they serve, and the outcomes we are generating are meaningful,โ€ said Kirsten Carroll, CEO of Kandu Health. โ€œWe look forward to continued partnership with our stakeholders to generate additional clinical evidence that demonstrates our value and informs policy and standard of care for stroke survivors.โ€

Neurolutions Logo

Neurolutions is a medical technology company dedicated to transforming the lives of patients suffering from neurological conditions. Our mission is to develop innovative solutions that address the unmet needs of patients. We are focused on advancing the field of neurorehabilitation through cutting-edge research and development.

The IpsiHand System is a breakthrough therapeutic device in neurorehabilitation that uses brain-computer interface technology developed for chronic stroke patients with an impaired upper extremity to help regain function after stroke. The IpsiHand device has been clinically validated and has received FDA clearance for use in the United States. https://neurolutions.com

Kandu Logo

Kandu Health is a commercial-stage Imperative Care company that provides tech-enabled healthcare services to people recovering from stroke. Kandu Health develops integrated solutions that aid in the stroke recovery process for stroke survivors, their providers, and care partners. Kandu Health provides hospital staff and payers with assurance that their patients are safe and connected to the best resources. Kandu Health began offering its program with its first hospital partners in the greater Los Angeles and South New Jersey areas. Kandu Health is based in Campbell, Calif. https://kanduhealth.com.

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Investor Contact

Stefan Heuser, Kandu Health
[email protected]

Media Contact

Jana Chow, Director of Communications
[email protected]

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Empowering Stroke Survivors: Interview with Kirsten Carroll, CEO at Kandu Health

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Empowering Stroke Survivors: Interview with Kirsten Carroll, CEO at Kandu Health

MEDGADGET โ€ข MARCH 20TH โ€ข 2023 CONN HASTINGS

Kandu Health, a digital health company based in California, has developed a platform to assist stroke survivors with aftercare. Healthcare for stroke patients is primarily focused on acute care to limit the damage caused by the stroke. However, the company has identified that stroke survivors are frequently underserved after hospital discharge, and in many cases are left to cope with the psychological and physical fallout of the stroke with minimal support.

The e-health platform developed by Kandu Health connects stroke survivors with specialists who provide them, and their caregivers, with personalized guidance, education, and other resources to assist in enabling them to adapt to their new circumstances and make positive changes. Another aspect of the program is to connect stroke survivors with each other so that they can support one another with encouragement and advice.

See a video of some alumni from the program discussing their experiences:

Medgadgetย had the opportunity to speak with Kandu Healthโ€™s CEO Kirsten Carroll about the technology and concept.

Conn Hastings, Medgadget: Please give us an overview of the impact that a stroke can have for survivors.

Kirsten Carroll, Kandu Health:ย As many things as your brain does โ€“ those are the ways that a stroke can affect you. Moving, feeling, finding the right words to go with your thoughts, storing memories, seeing, paying attention, and processing emotions; all of these are things that can be impacted by a stroke. The experience for many stroke survivors is one in which they donโ€™t actually know all the ways they have been affected for weeks or months, after they leave the hospital, and nobody can tell them for certain what will get better or worse during their recovery.

Stroke is often a traumatic experience, and one that profoundly challenges a personโ€™s identity, and their feeling of agency over their own life and health. Many stroke survivors experience isolation, depression, and anxiety. These challenges are frequently compounded by the need to manage a variety of common underlying health conditions, including hypertension, diabetes, and chronic kidney disease, all while experiencing extreme post-stroke fatigue.

There are 20 million people in the U.S. living with the impacts of stroke, including eight million stroke survivors and 12 million care partners and family members. They are the experts on living life after stroke, and have an enormous amount of knowledge and community to share with each other.

โ€œThere are 20 million people in the U.S. living with the impacts of stroke, including eight million stroke survivors and 12 million care partners and family members. They are the experts on living life after stroke.โ€

Medgadget: How are such patients provided with aftercare at present? How is this suboptimal?

Kirsten Carroll:ย Historically, stroke care has focused on acute intervention to restore blood flow in the hours after stroke onset and minimize the damage to the brain. Follow-up care is largely focused on preventing another stroke. Though some stroke survivors receive stroke rehabilitation that can facilitate some level of recovery, the majority do not. There is almost no focus on education and support for survivors living with the lasting, often permanent impacts of stroke.

Stroke survivors have told us that while they may be brought to a hospital by helicopter with teams mobilized to urgently care for them, they leave quietly through the back door, with little attention or fanfare. While treatment at the acute level is swift and organized, thereโ€™s no singular entity dedicated to helping survivors navigate life after stroke. Research indicates that in the first three months after a stroke, the average survivor needs nearly 50 hours a week of informal care. In that same timeframe, 1 in 4 stroke survivors is readmitted to the hospital, most often due to infections caused or exacerbated by their stroke-induced impairments. By one-year post-stroke, that readmission number has grown to nearly 50%, with 20% of survivors being readmitted multiple times.

Stroke is a population health issue affecting nearly 10% of Medicare enrollees and a growing proportion of younger people. Post-acute clinical care in the first year after stroke costs over $20 billion annually in the United States, more than double the cost of acute stroke hospitalization. Stroke survivors need and deserve education, communities, therapies, and support that are designed for and with them to address the unique challenges they face in managing their health and their lives after stroke.

โ€œPost-acute clinical care in the first year after stroke costs over $20 billion annually in the United States.โ€

Medgadget: What inspired this technology? How did the idea come about?

Kirsten Carroll:ย Kandu Health is a digital health company designed for and with people recovering from stroke. Survivors and their care partners continually advise on both the needs and the solutions being developed. The Kandu program is intended to address critical gaps in stroke care by providing personalized support to stroke survivors as they transition back home from the hospital. The large unmet need in stroke recovery and post-acute care inspired our platform and continues to inspire our work to deliver personalized support to stroke survivors.

Kandu was founded inside Imperative Care, a medical technology company focused on developing connected innovations to elevate care for people affected by stroke and vascular diseases.

Medgadget: Where is the system currently available? How has it been received so far?

Kirsten Carroll:ย The Kandu Health program is nearing completion of its pilot with our first hospital partners and will continue providing service in the greater Los Angeles and South New Jersey areas.

Although it is early data with small numbers, Kanduโ€™s enrollment rates, engagement, and outcomes have exceeded expectations to date. Kandu graduates have uniformly endorsed the program, noting the significant impact it has had on their health, agency, and quality of life.

Kanduโ€™s Hospital partners recognize that there are significant gaps in the care provided to stroke survivors, especially after these patients return home to continue their recovery. Their partnership with Kandu is a signal of their commitment to clinical excellence, and accountability to the populations they are serving beyond hospital discharge.

There is tremendous excitement around the clinical evidence we are starting to collect, and we look forward to presenting evidence of Kanduโ€™s impact at multiple scientific conferences in the coming year. Most importantly, we are seeing survivorsโ€™ excitement about participation in the Kandu program and witnessing positive changes in their quality of life as they regain their agency and increase their independence. We look forward to announcing commercial partnerships in expanded geographies in the near future.

โ€œMost importantly, we are seeing survivorsโ€™ excitement about participation in the Kandu program and witnessing positive changes in their quality of life as they regain their agency and increase their independence.โ€

Medgadget: Do you have any plans to expand this type of service for other health issues? Where do you see this type of connected health solution going in the future?

Kirsten Carroll:ย At this time, we are focused on building awareness, scaling the platform, and increasing adoption of the Kandu platform for stroke survivors. In the future, we hope that our coordinated, community-centered approach to post-acute care can be applied to other conditions and disease states.

Our Contacts

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Stefan Heuser, Kandu Health
[email protected]

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