CareWorx Raises $17M in Private Equity Financing

CareWorx, an Ottawa, Canada-based managed service provider (MSP) leader in senior care technology solutions, closed a $17m round of funding.

California-based Kayne Partners, a growth private equity group of Kayne Anderson Capital Advisors, L.P., made the investment. In conjunction with the funding, Leon Chen, Managing Director of Kayne Partners, joined CareWorx’ board of directors.

The company plans to use the funds to accelerate growth in the senior care market, expand existing managed services and security offerings, and finance acquisitions within the managed services, senior care and ServiceNow ecosystems.

Founded in 2006 and led by Mark Scott, Founder and CEO, CareWorx provides a complete suite of managed services for mid-market and senior care businesses, including 24×7 service desk, remote monitoring and management, IT Service Management (ITSM) and managed end-user devices.
More than 4,600 facilities currently operate over 70,000 CareWorx touchscreens for their daily electronic health record (EHR) documentation.



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