Aligned TeleHealth, Inc., a Los Angeles, CA-based healthcare company, raised $12m in Series A financing.
SV Life Sciences (SVLS), an international life sciences venture capital firm, provided the funding. In conjunction with the funding, Michael Balmuth and Gene Hill, Partner and Chairman of SVLS respectively, joined Aligned’s board of directors.
The company intends to use the funds to further expand its solutions among providers throughout the U.S.
Led by Nitin Nanda, M.D., chairman and chief executive officer, Aligned TeleHealth provides end-to-end telemedicine solutions, including psychiatric specialty physician consultations to acute-care hospitals, emergency rooms, skilled nursing facilities, and correctional institutions throughout four states.
The company is also backed by Deepak Chopra, who is also chairman, chief executive officer and founder of OSI Systems, Inc., a Hawthorne, Calif.-based designer and manufacturer of specialized electronic systems and components used in healthcare, among other industries.