Integrity Growth Partners' investment in the RPM and virtual
care management company aims to further accelerate CoachCare's
rapid growth. PEAK Technology Partners served as the exclusive
financial advisor to CoachCare on this transaction.
SAN
FRANCISCO, July 25, 2024 /PRNewswire/
-- CoachCare, a leading remote patient monitoring (RPM) and
virtual care management company, today announced a $48 million strategic growth investment led by
Integrity Growth Partners ("IGP"), a leading growth investment firm
focused exclusively on software and technology-enabled businesses.
Topmark Partners also participated in the investment. The
partnership with IGP will enable accelerated growth in key business
areas while allowing CoachCare to remain founder-led.
As the prevalence of chronic conditions such as obesity,
hypertension, and diabetes has increased throughout patient
populations, medical practitioners have increasingly turned to new
technologies to help treat and monitor these patients effectively.
CoachCare's platform combines best-in-class software and connected
devices with outreach and monitoring services to give health care
providers everything needed to establish and operate RPM, chronic
care management (CCM) and other virtual care management programs at
scale, leading to improved patient outcomes and increased practice
revenues. With CoachCare's comprehensive platform, providers are
able to better treat their patients with chronic conditions,
alleviate staffing constraints and improve their financial
performance.
"CoachCare is becoming the go-to RPM solution for healthcare
providers, which is reflected by our deep roster of satisfied
customers and expansive virtual care management offerings,"
said Wes Haydon, President and Co-Founder of CoachCare.
"CoachCare has been growing rapidly, both organically and through
M&A, and we look forward to partnering with IGP and leveraging
its considerable software and operational expertise as we continue
to build our business and enhance our product offerings for
customers," said Andrew Zengilowski,
CEO and Co-Founder of CoachCare.
The investment in CoachCare was the second made by Integrity
Growth Partners Fund II, which provides growth investments and
strategic support to high-growth, Software & Tech-Enabled
Services businesses that have achieved scale with strong
product-market fit. Integrity Growth Partners' investments focus on
talent & organizational design, go-to-market strategy, M&A,
and partnerships. Founders and management teams benefit from the
expertise, support, and unique perspectives of IGP and its
extensive network of resources to accelerate growth, unlock
organizational potential, and drive impressive value to
customers.
"CoachCare is led by an experienced team that understands the
unique opportunity presented by the fragmented RPM market, as well
as the skills and discipline required to take the company to the
next level," said Ryan Anderson,
Partner at Integrity Growth Partners. "CoachCare has built an
impressive and differentiated platform that is rapidly emerging as
a market leader in RPM and virtual care management," added
Anderson. "We look forward to partnering with Andrew, Wes, and the
entire CoachCare team as they embark on this exciting next phase of
growth."
PEAK Technology Partners served as the exclusive financial
advisor to CoachCare on this transaction, adding to its extensive
track record of helping high-growth businesses across the
healthcare technology landscape. Whitman Breed Abbott & Morgan
LLC served as legal counsel for CoachCare on the transaction, while
Morris Manning & Martin, LLP
acted as legal counsel for IGP.
About CoachCare
CoachCare, a New York-based
remote patient monitoring and virtual care management company,
moves healthcare providers beyond technology to a complete remote
care solution addressing many healthcare specialties. Its
comprehensive offering, including remote patient monitoring,
chronic care management, principal care management, and behavioral
health integration drives improved patient outcomes and increased
provider revenue. More than 150,000 patients and hundreds of
healthcare organizations benefit from CoachCare's solution.
For more information, visit www.coachcare.com.
About Integrity Growth Partners
Based in Los Angeles, Integrity
Growth Partners is a growth private equity firm focused on
investing in lower middle market software and tech-enabled services
businesses led by exceptional management teams. IGP targets
investments in high-growth companies with established products and
business models, bringing to bear a differentiated combination of
investing and operating experience.
For more information, visit www.integritygp.com.
About Topmark Partners
Topmark Partners is a Tampa,
FL-based growth equity investment firm targeting high growth
technology-enabled businesses. Topmark seeks to partner with
domain-experienced entrepreneurs operating established businesses
with scalable business models and recurring or repeatable revenue.
Topmark has a 25+ year history of building trusted relationships
with management teams, bringing extensive investment experience,
relationships, and knowledge to help catalyze rapid growth.
For more information, visit www.topmarkpartners.com.
Media Contact:
contact@peak-tech.com
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SOURCE PEAK Technology Partners