MIAMI (November 9, 2021)—Papa, a curated platform of companionship and support for older adults, families, and other vulnerable populations, announced the close of their Series D funding. The $150 million raised will help address social determinants of health, including loneliness and isolation, for older Americans and others who stand to benefit from companionship and everyday assistance.
technology
CARY, N.C. (November 3, 2021)—The Accreditation Commission for Health Care (ACHC) announced its partnership with UptimeHealth, a software solutions company that develops innovative products to simplify compliance practices and medical equipment management for health care organizations across the nation.
RICHMOND HILL, N.Y. (November 2, 2021)—AlayaCare, a global homecare software company, announced it has acquired Delta Health Technologies, a provider of specialized home health solutions. The acquisition of Delta Health Technologies extends AlayaCare’s position as a leading provider of software-as-a-service (SaaS) technology in the U.S. home health market.
SKILLMAN, N.J. & OVERLAND PARK, Kan. (October 22, 2021)—Curasev, a provider of enterprise software solutions for home medical equipment (HME) and home health providers, announced that they have entered into an agreement with Allegiance Group, a firm specializing in strategies to improve patient pay collections in the homecare and durable medical equipment markets as an integrated solution provider (ISP).
MADISON, Wis. (October 21, 2021)—RehabPulse, a technology marketplace for medical equipment, announced that it has secured $4.5 million in its latest funding round. The company also announced it has become the first ever online marketplace in the durable medical equipment (DME) sector to offer integrated online insurance claims processing.
Participants in the funding round include existing investors WISC Partners and high net worth investors active in the digital healthcare space.
HARTFORD, Conn. (October 15, 2021)—CareCentrix, Inc.—an independent home-centered platform that coordinates care to the home for health plans, patients,and providers—announced that Walgreens Boots Alliance has made a majority investment in the company.
PROVIDENCE, R.I. (October 15, 2021)—Biofourmis, a Boston-based provider of digital therapeutics and virtual care that powers personalized predictive care, announced a partnership with Integra Community Care Network, Care New England’s accountable care organization (ACO). Integra, one of the largest ACOs in New England, will deliver hospital-at-home care and remote patient monitoring through Biofourmis’ end-to-end solution.
MINNEAPOLIS (October 13, 2021)—Lifespark, formerly Lifesprk, a provider of whole person services for seniors, has raised $20 million in a B-round to lead the nation in delivering population well-being. This round is being led by Virgo-managed fund to continue funding advancements in Lifespark's operating system and proprietary technology platform and UCare, the largest Medicare Advantage provider in Minnesota, to serve Minnesota seniors holistically with a multiproduct strategy.
Opportunities vs. roadblocks
Home may be the new hospital
SAN FRANCISCO (October 5, 2021)—Honor Technology, Inc., a senior care network and technology platform, which recently acquired global homecare provider Home Instead, announced it has raised $70 million in Series E funding and $300 million in debt financing. The round brings Honor's total equity funding to date to $325 million and values the company at over $1.25 billion.
OAKDALE, Minn. (October 1, 2021)—Cashé Software, a provider of agency management software, announced that Samantha Frederick, a leader in home- and community-based services (HCBS), has joined the company as the product owner for Pavillio, their flagship product.
SAN MATEO, Calif. (September 30, 2021)— Studies show that homecare agencies have about eight seconds to capture someone's attention when they visit their website. Nearly 90% of visitors leave a site without taking any action. AidQuest provides a fully-staffed Live Chat solution on homecare client websites to help increase your conversions.
A new venture from leaders in the durable medical equipment (DME) industry is looking to increase the use of e-prescribe across the DME space. The American Association for Homecare (AAHomecare), VGM & Associates, Ltd., AdaptHealth, LLC., Apria Healthcare Group LLC, Lincare Inc. and Rotech Healthcare Inc., have joined to form an independent e-prescribe company DMEscripts.
BOTHELL, Wash. (September 28, 2021)—Ventec Life Systems, a global medical device company focused on redefining respiratory care technologies for patients and caregivers announced that Parachute Health’s e-prescribing platform now supports the VOCSN group of ventilators.
SAN DIEGO (September 24, 2021)—Cue Health Inc., a health technology company, announced the pricing of its initial public offering of 12,500,000 shares of its common stock at a public offering price of $16.00 per share, for gross proceeds of $200.0 million, before deducting underwriting discounts and commissions and other offering expenses payable by Cue Health. All of the shares are being offered and sold by Cue Health.
DALLAS (September 21, 2021)—Medalogix, a health-tech company using machine learning to advance patient care within home health, palliative and hospice care settings, has partnered with Homecare Homebase (HCHB) to announce Heart to Heart Hospice as the winner of the Medalogix Muse Trailblazer Award. The award is presented annually to organizations that leverage Medalogix Muse technology to achieve the highest quality of patient care.
MINNEAPOLIS (September 9, 2021)—GrandPad, creator of the purpose-built tablet for seniors, announced that it has partnered with Growing Bolder to enhance and expand the library of engaging content for seniors that is included in the GrandPad tablet. Growing Bolder is an award-winning multimedia company that is on a mission to redefine aging by delivering content that engages and inspires people over 50 to live exceptional lives.
OVERLAND PARK, Kan. (September 9, 2021)—WellSky, a health and community care technology company, announced that Andy Eilert has joined the company as president, emerging markets, effective immediately. In this role, Eilert will focus on enhancing WellSky’s provider software and analytics capabilities to optimize care and scale provider performance through new ventures and strategic opportunities in emerging health care markets.
Before Rich Berner came on board as CEO of Complia Health six months ago, he had already spent 25 years as a health care strategist with a focus on technology, most recently at MDLIVE, where he led the industry transition to consumer-focused health care online.
