Vesta Healthcare Raises $65 Million in Financing to Propel Growth
Vesta Healthcare, a virtual care provider for people with home care, has secured $65 million in Series C funding. The equity round was led by RA Capital Management, with participation from various investors including Oak HC/FT, Chrysalis Ventures, and CareCentrix/Walgreens. Horizon Technology Finance provided debt financing.
Vesta Healthcare serves over 50,000 people, connecting patients, family, caregivers, home care agencies, providers, and insurance plans. Their technology and services span from home-based primary care to passive monitoring, aiming to help people with home care live longer, healthier lives at home.
The company plans to use this funding to propel growth and continue improving healthcare outcomes for those with home care needs.
Vesta Healthcare, un fornitore di assistenza virtuale per persone con cure a domicilio, ha ottenuto 65 milioni di dollari in un finanziamento di Serie C. Il round di equity è stato guidato da RA Capital Management, con la partecipazione di diversi investitori tra cui Oak HC/FT, Chrysalis Ventures e CareCentrix/Walgreens. Horizon Technology Finance ha fornito finanziamenti in debito.
Vesta Healthcare serve oltre 50.000 persone, collegando pazienti, famiglie, caregiver, agenzie di assistenza a domicilio, fornitori e piani assicurativi. La loro tecnologia e i loro servizi spaziano dalla cura primaria a domicilio al monitoraggio passivo, con l'obiettivo di aiutare le persone con cure a domicilio a vivere più a lungo e in salute.
La società prevede di utilizzare questo finanziamento per promuovere la crescita e continuare a migliorare i risultati sanitari per coloro che necessitano di assistenza a domicilio.
Vesta Healthcare, un proveedor de atención virtual para personas que requieren atención en el hogar, ha asegurado 65 millones de dólares en financiamiento de Serie C. La ronda de capital fue liderada por RA Capital Management, con la participación de varios inversores, incluyendo Oak HC/FT, Chrysalis Ventures y CareCentrix/Walgreens. Horizon Technology Finance proporcionó financiamiento por deuda.
Vesta Healthcare atiende a más de 50,000 personas, conectando pacientes, familias, cuidadores, agencias de atención domiciliaria, proveedores y planes de seguro. Su tecnología y servicios abarcan desde atención primaria en el hogar hasta monitoreo pasivo, con el objetivo de ayudar a las personas que requieren atención en el hogar a vivir vidas más largas y saludables.
La empresa planea utilizar este financiamiento para impulsar el crecimiento y continuar mejorando los resultados de salud para aquellos que necesitan atención en el hogar.
Vesta Healthcare, 가정 돌봄을 위한 가상 치료 제공업체가 6,500만 달러의 시리즈 C 자금 조달을 확보했습니다. 이번 자금 조달은 RA Capital Management가 주도했으며, Oak HC/FT, Chrysalis Ventures, CareCentrix/Walgreens 등 여러 투자자가 참여했습니다. Horizon Technology Finance는 부채 자금을 제공했습니다.
Vesta Healthcare는 50,000명 이상에게 서비스를 제공하며, 환자, 가족, 간병인, 가정 돌봄 기관, 의료 제공자 및 보험 플랜을 연결하고 있습니다. 그들의 기술과 서비스는 가정에서의 주치의 진료부터 수동 모니터링에 이르기까지 다양하며, 가정에서 돌봄이 필요한 사람들이 더 오래 건강하게 살 수 있도록 도와주는 것을 목표로 하고 있습니다.
회사는 이 자금을 이용해 성장과 가정 돌봄 필요자들의 의료 결과 개선을 지속적으로 추진할 계획입니다.
Vesta Healthcare, un fournisseur de soins virtuels pour les personnes nécessitant des soins à domicile, a obtenu 65 millions de dollars lors d'un financement de Série C. Ce tour de financement a été dirigé par RA Capital Management, avec la participation de divers investisseurs, dont Oak HC/FT, Chrysalis Ventures et CareCentrix/Walgreens. Horizon Technology Finance a fourni un financement par emprunt.
Vesta Healthcare sert plus de 50 000 personnes, reliant patients, familles, aides-soignants, agences de soins à domicile, prestataires et plans d'assurance. Leur technologie et services vont de la soins primaires à domicile à la surveillance passive, visant à aider les personnes nécessitant des soins à domicile à vivre plus longtemps et en meilleure santé.
La société prévoit d'utiliser ce financement pour stimuler la croissance et continuer à améliorer les résultats de santé pour ceux qui ont besoin de soins à domicile.
Vesta Healthcare, ein Anbieter von virtueller Pflege für Menschen mit häuslicher Pflege, hat 65 Millionen Dollar in einer Serie-C-Finanzierung gesichert. Die Finanzierungsrunde wurde von RA Capital Management geleitet, an der mehrere Investoren wie Oak HC/FT, Chrysalis Ventures und CareCentrix/Walgreens teilnahmen. Horizon Technology Finance stellte die Fremdfinanzierung bereit.
Vesta Healthcare betreut über 50.000 Menschen und verbindet Patienten, Familien, Pflegekräfte, häusliche Pflegeagenturen, Anbieter und Versicherungspläne. Ihre Technologie und Dienstleistungen reichen von hausärztlicher Primärversorgung bis hin zu passivem Monitoring, mit dem Ziel, Menschen in der häuslichen Pflege ein längeres und gesünderes Leben zu ermöglichen.
Das Unternehmen plant, diese Finanzierung zu nutzen, um das Wachstum voranzutreiben und die Gesundheitsresultate für Menschen mit häuslichem Pflegebedarf weiterhin zu verbessern.
- Secured $65 million in Series C funding, indicating strong investor confidence
- Serves over 50,000 people, demonstrating significant market penetration
- Diverse investor base including major healthcare and technology firms
- Expanding services from home-based primary care to passive monitoring
- None.
Insights
The $65 million Series C funding for Vesta Healthcare is a significant development, indicating strong investor confidence in their home-based care model. This substantial capital injection will likely accelerate Vesta's growth trajectory and market expansion. The participation of diverse investors, including RA Capital Management, Oak HC/FT and Kaiser Permanente Ventures, suggests a broad recognition of Vesta's potential in the healthcare industry.
The addition of debt financing from Horizon Technology Finance provides Vesta with a more flexible capital structure, potentially allowing for strategic investments without further equity dilution. With over 50,000 people now served, Vesta's rapid growth demonstrates market validation of their approach. This funding round positions Vesta to capitalize on the growing trend towards home-based care, which could lead to increased market share and potential revenue growth in the coming years.
Vesta Healthcare's innovative approach of integrating caregivers into the clinical care ecosystem addresses a critical gap in home-based healthcare delivery. Their technology platform, which connects patients, family, caregivers, home care agencies, providers and insurance plans, represents a significant advancement in care coordination. This holistic approach has the potential to improve patient outcomes while potentially reducing healthcare costs.
The company's focus on passive monitoring and home-based primary care aligns with the industry trend towards remote patient monitoring and telehealth. As healthcare continues to shift towards value-based care models, Vesta's ability to improve care in the home environment could position them as a key player in this transformation. The substantial funding will likely accelerate their technological development, potentially leading to more sophisticated and effective home care solutions in the near future.
The home healthcare market is experiencing rapid growth, driven by an aging population and the preference for care in familiar environments. Vesta Healthcare's $65 million funding round reflects this trend and positions the company to capitalize on this expanding market. Their current reach of over 50,000 people indicates significant traction, but there's still substantial room for growth in this sector.
The involvement of diverse investors, including strategic players like CareCentrix/Walgreens and Kaiser Permanente Ventures, suggests potential for future partnerships or collaborations that could further expand Vesta's market reach. As one of the fastest-growing specialized providers in the country, Vesta is well-positioned to benefit from the increasing demand for home-based care solutions. This funding round could potentially accelerate their market penetration and solidify their position as a leader in the home healthcare technology space.
The equity round was led by
“The home is the last frontier of healthcare, and caregivers are the most vital yet disconnected resource in the delivery system,” said Randy Klein, CEO of Vesta Healthcare. “We’re proud of what we’ve built with the support of our existing investors and thrilled for RA Capital Management, Chrysalis and Horizon to join the team.”
Vesta Healthcare is one of the fastest-growing specialized providers in the country. Now serving more than 50,000 people, Vesta Healthcare is improving care in the home by connecting the entire care team, including patients, family, caregivers, home care agencies, providers, and insurance plans. Vesta Healthcare’s technology and services span from home-based primary care to passive monitoring, and result in people with home care living longer, healthier lives at home.
Dr. Michael Sherman, Venture Partner at RA Capital Management and Vesta Healthcare Board Member, expressed his enthusiasm about the partnership: "RA Capital Management is excited to lead this equity round and support Vesta Healthcare's groundbreaking work. Vesta’s unique model of leveraging caregivers to bridge the gap between healthcare and home care has immense clinical potential. We are excited to see how Vesta's solutions will continue to improve healthcare outcomes for those with home care needs."
"We look forward to supporting Vesta Healthcare as a new partner,” said Jerry Michaud, President at Horizon Technology Finance. “Vesta’s innovative approach to integrating technology and personal care is setting a new standard in the healthcare industry. We look forward to seeing their continued growth and success."
“We continue to believe that caregivers have an outsized ability to impact the health of those they support, and Vesta Healthcare’s model has effectively integrated caregivers into the clinical care teams,” said Annie Lamont, Co-Founder and Managing Partner at Oak HC/FT. “Oak HC/FT is proud to continue our support of Vesta Healthcare in this new phase of growth.”
About Vesta Healthcare
Vesta Healthcare is a leading virtual care provider group for people with home care that engages caregivers to serve as the bridge between healthcare and homecare. For more information, visit vestahealthcare.com.
About RA Capital Management
RA Capital Management is a multi-stage investment manager dedicated to evidence-based investing in public and private healthcare, life sciences, and planetary health companies. RA Capital Management forms and funds innovative companies, from private seed rounds to public follow-on financings, allowing management teams to drive value creation from inception through commercialization and beyond. RA Capital Management's knowledge engine is guided by our Tech Atlas internal research division, and its company creation team, RA Ventures (RAVen), offers experienced entrepreneurs a collaborative and comprehensive platform to explore the novel and the re-imagined. For more information, visit racap.com.
About Horizon Technology Finance
Horizon Technology Finance Corporation (NASDAQ: HRZN), externally managed by Horizon Technology Finance Management LLC, an affiliate of Monroe Capital, is a leading specialty finance company that provides capital in the form of secured loans to venture capital backed companies in the technology, life science, healthcare information and services, and sustainability industries. The investment objective of Horizon is to maximize its investment portfolio’s return by generating current income from the debt investments it makes and capital appreciation from the warrants it receives when making such debt investments. Horizon is headquartered in
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For media inquiries:
Maria Bailey
Vesta Healthcare
mbailey@vestahealthcare.com
Source: Vesta Healthcare
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