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Senior care coordination platform Caremerge announced $4 million in new funding today, strengthening their position in the healthcare industry. The round was led by Cambia Health Solutions, and included additional investments from Generator Ventures, GE Ventures, Arsenal Venture Partners and Ziegler-LinkAge Longevity Fund.
"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," Founder & CEO Asif Khan said in a statement. "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."
This is the second round of funding for the Chicago-based company, following up a $2.1 million Series A 18 months ago.
Caremerge offers families a unique way to share information with care providers such as hospitals, physicians, ACOs (which provide coordinated care to Medicare patients) and managed care organizations. The company uses HIPAA-compliant and secure web and mobile apps to enable this sort of communication.
"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 in a statement. "Caremerge is improving lives through their simple and high impact technology solution… we could not be more excited about this new partnership."
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