VitalTech, a Plano, Texas-based connected health and remote patient monitoring platform provider, closed its Series A financing.
Backers included strategic investors:
– Concord Health Partners, a healthcare focused investment firm, and
– Stanley Ventures, the investment arm of Stanley Black & Decker.
According to a press release, the funding will accelerate the go-to-market activities, deliver on the product roadmap, and enable the company to capitalize on the newly released reimbursement codes that were introduced by the Centers for Medicare and Medicaid Services (CMS).
Led by CEO James Hamilton, the company provides a digital health platform that connects patients and care providers. VitalCare™ integrates vital signs, nutrition, medication reminders and communication tools that engages patients and allows for proactive care.