Caremerge Raises $4 Million To Expand Its Care Coordination Platform In Senior Health Care
CHICAGO, Jan. 6, 2015 /PRNewswire/ — Caremerge LLC, a revolutionary communication and care coordination platform for the senior care industry, announced today a $4 million first institutional financing round led by Cambia Health Solutions, and included additional investments from Generator Ventures, GE Ventures, Arsenal Venture Partners and Ziegler-LinkAge Longevity Fund. These investors are some of the first to focus on aging and long-term senior care.
The announcement comes as the health care marketplace increasingly uses technology to support better and more innovative health care, specifically to benefit seniors. Caremerge launched its first solution in late 2012 to help solve the care coordination and communication problems surrounding the senior care industry with a HIPAA-compliant, mobile/web-based platform that allows all senior living staff and authorized stakeholders (i.e. family members, doctors, etc.) to capture, centralize, and share seniors’ activities and clinical information in order to facilitate the best care possible. Caremerge has built strategic relationships with many leading health care providers and technology vendors in this space making it one of the top companies changing the face of senior care in the U.S. today.
“We are honored to have such visionary partners as investors. Each one brings tremendous value to Caremerge’s vision to revolutionize care coordination for our most chronic and fragile demographic,” said Asif Khan, Founder & CEO of Caremerge. “These new partnerships and capital will allow Caremerge to continue to take a leading role in the senior care industry through simple technology; and therefore improving the lives of everyone involved.”
“Cambia actively supports innovative solutions that can change the game for seniors and families confronting the challenges of aging. The Caremerge solution is just such an innovation, enabling senior living facilities and service providers to give better, more efficient and reliable care while keeping seniors in lower acuity environments,” said Cambia Health Solutions Senior Vice President of Strategic Investment and Corporate Development Rob Coppedge. “Caremerge is improving lives through their simple and high impact technology solution… we could not be more excited about this new partnership.”