Home and community value-based care startups have scooped up নতুন 140 million in a new funding round led by Carebridge Oak HC / FT, valued at more than $ 1 billion.
The company, which uses in-home care for Medicaid and dual-qualified patients with disabilities, provides electronic visit verification and data enhancement services and virtual support to the care team.
Carebridge will use funding to expand geographically, continue to build its home and community-based care database, and add services to people with intellectual and developmental disabilities.
Brad Smith, executive chairman of Carebridge, said in a statement, “Carebridge is revolutionizing the way home and community-based services are delivered to Medicaid individuals.” “By coordinating care and providing 24/7 access to a physician, Carebridge is helping people live healthier, more independent lives while at home.”
Healthcare professional networking and data platform H1 has announced an extension to its Series C round, reaching a total of $ 123 million. The company initially announced a $ 100 million Series C increase in November.
H1 says the extra capital expands the company’s runway so it can focus on growth.
“At a time of turbulent markets when many are struggling to secure funds, this extension is a vote of confidence in our ability to advance our goals,” CEO and co-founder Ariel Katz said in a statement.
“Our ability to raise capital on the same terms as our original Series C Close is a testament to our significant market potential and our ability to work against it. We have improved access to healthcare for millions of patients and have no desire to slow down. This extra funding allows us to control our own destiny and continue to innovate. “
Digital Chronic-Condition Management Platform DarioHealth secures loan facility up to $ 50 million from OrbiMed.
Five-year benefits include $ 25 million at completion time, another $ 25 million available before June 30, 2023, Dari also achieves specific revenue targets. The company said it would use the funds to continue developing its platform and accelerate its adoption.
“Between this loan facility and the cash and cash equivalents on our balance sheet at the end of the first quarter of 2022, we were able to access a potential capital of over $ 100 million. The previously announced strategic agreement and the growing cash flow from our activities and sales to our business-to-business (B2B) clients, “CEO Erez Raphael said in a statement.
“We believe that this cash runway enables us to continue to invest in increasing our B2B (commercial) market share, which, for the first time, surpassed our business-to-consumer income in the first quarter of 2022. In addition, it allows without the need for further capital increase.” We have to follow the business plan for many years. “