Vesta Healthcare, a NYC-based 24/7 clinical provider group and digital health platform supporting high needs members at home and connecting their caregivers’ insights to the rest of the care team, raised $65M in growth funding.
The round was led by Deerfield Management Company with participation from existing investors Oak HC/FT, Kaiser Permanente Ventures, Lux Capital, Generator Ventures, Nationwide, CareCentrix and Epstein Partners as well as new participation from K2 HealthVentures and an unnamed investor.
The company intends to use the funds to further grow into new geographies, launch new program offerings, expand its Sales, Marketing, Operations and Technology teams as it go to new states over the next few months, and further expand partnerships with home care agencies.
Led by Randy Klein, CEO, Vesta Healthcare is a clinical provider and technology services organization dedicated to connecting caregiver insights to the rest of the care team. The solution proactively identifies the need for additional resources in the home and delivers 24/7 telehealth 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.
Over the past year, the company has expanded its footprint and now has presence in five states, with additional expansion planned for this year.