ContinuumRx, a Birmingham, Alabama-based company that develops joint ventures with health systems to seek to improve patient outcomes through better coordination in the hospital-to-home transition, has closed on $7M in new financing.
- Mitsui & Co. Global Investment,
- Health Enterprise Partners, L.P. ,
- Fidelis Capital Partners,
- Redmont Venture Partners, and
- Stonehenge Capital Company.
The company intends to use the new capital to expand in the southeastern U.S.
Led by Chuck Jett, Chairman and CEO, ContinuumRx integrates with health systems and their affiliated providers to create a better model of care for patients with chronic and complex conditions. Its team of clinical experts and advanced fulfillment model provides hospitals with a service offering designed to reduce the patient’s length of stay, help avoid unnecessary readmissions, and allow payors to reduce overall healthcare costs.
The company, which signed its first joint venture agreement with the University of Tennessee Medical Center in November of 2010. today serves patients and physicians at eight major healthcare systems operating 30 hospitals and medical centers in Tennessee, Mississippi, and Alabama.