Blue Heron Capital (an early-stage growth equity firm) has announced its investment in Redi Health, a digital health innovator poised to transform patient support services. And this strategic investment is core to Blue Heron’s philosophy of identifying and supporting companies that not only show potential for growth but also address pressing needs within healthcare and technology sectors experiencing meaningful transformation.
Blue Heron Capital led the $14 million Series B funding round with participation from inside investors Refinery Ventures, Mutual Capital Partners, Rev1 Ventures, and M25. And Redi Health plans to use the funding to foster innovation, develop and launch new products, further expand its patient network, and accelerate growth, effectively improving patient health outcomes by connecting Pharma, Providers, and Patients on a single platform.
Redi Health addresses the critical gap in patient support for those navigating complex and high-cost medications. And Traditional Patient Support Programs (PSPs) – hindered by outdated structures and inaccessibility – have contributed to a non-adherence rate of about 70%, leading to estimated losses of over $600 billion annually for the pharmaceutical industry. And Redi Health’s innovative platform offers a holistic approach to patient care, providing medication reminders, symptom management, educational resources, and real-time information exchange.
The investment in Redi Health underscores Blue Heron Capital’s commitment in fostering innovation that transcends boundaries and empowers patients. And appointing Blue Heron OA Collaborative member Jim Clair to the Board of Directors reinforces this commitment, signaling confidence in Redi Health’s vision and leadership team.
KEY QUOTES:
“With Blue Heron Capital’s backing, we are at a pivotal moment where we can significantly enhance patient care and outcomes. This investment validates the hard work of our team and the unwavering support of our investors, as we aim to make comprehensive care accessible to millions more across the country.”
– Luke Buchanan, Co-Founder and CEO of Redi Health
“Our investment in Redi is not merely a financial decision; it’s an embodiment of our trust in the co-founders’ vision, talent, and grit. We are eager to support these entrepreneurs as they empower patients to improve their health journey.”
– Gordon Crenshaw, Partner at Blue Heron Capital
