HomeUSAVesta Healthcare Secures $30M in Series A Funding

Vesta Healthcare Secures $30M in Series A Funding

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Vesta Healthcare (fka HT Health), a NYC-based technology and clinical services organization dedicated to supporting caregivers and connecting their insights to the rest of the care team, closed a $30m Series A funding.

The round was co-led by Oak HC/FT and Deerfield Management Company with participation from existing investors Lux Capital and Kaiser Permanente Ventures as well as new investors Generator Ventures, CareCentrix, Epstein Partners and Nationwide Ventures. In conjunction with the funding, Bharath Ganesan, Principal at Deerfield, joined the Board of Directors, while Julian Harris, M.D., Partner at Deerfield, and Russell Hirsch, Managing Director at Generator Ventures, were added as Board Observers.

The company intends to use the capital to expand product development, engineering, and sales and marketing as well as new market reach.

Led by Randy Klein, Chief Executive Officer, Vesta Healthcare is a technology and clinical services organization, dedicated to connecting caregiver insights to the rest of the care team. The company proactively identifies the need for additional resources in the home and provides 24/7 telehealth support for caregivers and care recipients, with a focus on high-need, frail senior populations. Vesta partners with home care agencies, health plans and providers to create value-based population health programs that emphasize clinical quality, improved health outcomes and personalized engagement.

FinSMEs

13/01/2020