Forefront Telecare Closes $15M Growth Equity Funding Round

forefrontForefront Telecare, Inc., a provider of behavioral telehealth solutions for vulnerable seniors in rural communities across the United States, closed a $15m growth equity funding round.

New investors Tech Council Ventures and Boston Millennia Partners joined lead investors Spring Lake Equity Partners and the Ziegler Link-Age Fund in the round we already covered at the beginning of 2019.

The company plans to use the funds to:
– grow its nationwide network of psychiatrists and psychiatric nurse practitioners,
– further develop its HIPAA-compliant telehealth platform and
– expand into new states.

Led by Rob Rebak, Chief Executive Officer, Forefront is a pioneer and U.S. leader in the delivery of behavioral health services via its HIPAA-compliant telehealth platform, which incorporates software, hardware and comprehensive service protocols developed over years in the field. Its national provider network of psychiatrists, psychiatric nurse practitioners and other behavioral health professionals work with Forefront to serve the behavioral health needs of clients and patients. Through flexible scheduling technology, management systems and logistics support, combined with a deep behavioral health experience, Forefront delivers solutions that integrate with existing client systems and workflows.
In addition to the funding, the company opened an office in Hamilton, New Jersey to complement its California offices, which will house senior management team members across several functional areas.

FinSMEs

01/05/2019

 

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