Pager, a NYC-based virtual care navigation and collaboration platform, raised $70m in Series C equity and debt financing round.
The Series-C round was led by Susquehanna Private Equity Investments, an affiliate of Susquehanna International Group LLLP (SIG), and included new and existing financial and strategic investors, including an affiliate of Horizon Healthcare Services, Inc., New Jersey’s largest health insurer. Debt financing was provided by Silicon Valley Bank.
The company intends to use the funds to scale capacity to meet record pipeline demand, accelerate innovation of the platform, and support the geographic expansion to new markets in the United States, Latin America and worldwide.
Led by Walter Jin, CEO and Chairman, Pager is a virtual care collaboration platform that provides whole person healthcare in a connected care experience. Through a combination of hi-tech AI automation and concierge services, the company offers an integrated, full-service experience including triage, telemedicine, e-prescriptions, appointment scheduling, after-care follow-up, care advocacy, and customer service. Its omni-channel communications platform connects the healthcare ecosystem by aggregating a care team of nurses, doctors, pharmacists, coordinators, advocates, and more in one place. Pager partners with payers, providers and employers representing more than 15 million people across the United States and Latin America.
The capital will also accelerate the growth and advancement of Pager 360, the company’s comprehensive, enterprise care collaboration and communication platform for multi-disciplinary teams – ranging from physicians and specialists, to advocates and customer service representatives. Pager 360 is offered through health plans, providers, and employers.