Elder home care provider, ConcertoCare raises $105 million in its Series B round. The lead investor of the round was Wells Fargo Strategic Capital. Other investors of the round were Obvious Ventures, Vast Ventures, The Schusterman Family Foundation, SteelSky Ventures, Pennington Partners and previous investor Deerfield Management.
Founded by Sam Willcoxon it tries to mend the borken American healthcare system. They deliver primary and complex care to seniors and adult patients at the best destination - their own homes. They are a human-first, tech-enabled platform that approaches in-home care holistically.
This helps them improve their quality of life while at the same time reduce other healthcare expense. The venture has created a digital and data analytics tool that help guide the patients. They also host remote patint care monitoring devices.
Teams made up of physicians, nurses, pharmacists, health coaches, mental health professionals and social workers attend to patients in-person and virtually to help with everything from chronic disease management to improving access to nutritious meals.
Along with the funding, ConcertoCare also announced the acquisition of Crown Health, a primacy homecare servise providers. It had raised $15.2 million in 2015 and later $30 million from Arboretum Ventures and Deerfield Management in 2016. They operate in Washigton, New York,Massachusetts, Virginia, California and more.