Caremerge, a cloud-based 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 funding will be utilized to expand its care coordination platform and brings their total funding to $6.1M.
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 healthcare 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.
Today, the company forges meaningful connections between providers, payers, families and seniors seeking to improve communication in four core markets:
– Independent Living
– Assisted Living
– Skilled Nursing
– Bundled Payments
“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.”