Sollis Health, which is the first concierge medicine provider to offer its members 24/7 access to ER-level diagnostics and capabilities, announced the completion of a $33 million Series B funding round, led by Foresite Capital with participation from Torch Capital, Montage Ventures, Friedom Partners, Read Capital, and One Eight Capital, and others.
This new funding will accelerate Sollis Health’s mission to provide unparalleled personalized care through product and service innovations while expanding access to new markets to meet increasing demand across the U.S.
Known as the first and only urgent and emergency concierge care provider, Sollis Health offers an innovative membership model that eliminates wait times and the complexities often associated with conventional healthcare. The company currently has state-of-the-art centers in New York, the Hamptons, Los Angeles, San Francisco, and South Florida.
Since Sollis raised a Series A round in 2021, the company grew its membership by over 3 times and it is now in a unique position to expand its portfolio of services to meet the needs of new and existing customer segments in even more markets. And this funding will be used to scale operations nationwide to meet this growing demand for 24/7 concierge partnership towards the resolution of any urgent or emergency issue.
The funding from this round of investment will help Sollis Health continue to innovate on its core offering after earlier this year rolling out a Family membership tier nationwide and a Family+ membership in Los Angeles (which includes concierge pediatrics alongside the core urgent and emergency care offering).
This investment will also enable Sollis to build proprietary technology that enhances its high-touch member experience, expand its footprint – with a new flagship in Texas, and new centers in Miami and Silicon Valley – and further solidify its position as the premier destination for on-demand medical care.
Sollis’ clinical practice is guided by the expertise of our National Medical Director, Dr. Scott Braunstein, who has over 20 years of experience leading Internal and Emergency Medicine at Cedars Sinai and UCLA, respectively. Dr. Braunstein was formerly the Airway Management Physician for the LA Rams, and has contributed to countless publications on the practice of Emergency Medicine. Each Sollis region also has a supporting regional medical director, including Dr. Erick Eiting, MD, MPH, MMM, in New York – who just recently joined Sollis Health from his post as a Professor of Emergency Medicine and Vice Chair of Operations for Emergency Medicine at Mount Sinai Downtown, which includes the Emergency Department at Mount Sinai Beth Israel and the Urgent Care Center at Mount Sinai Union Square in New York City.
KEY QUOTES:
“Sollis has demonstrated an unwavering commitment to delivering high-quality, empathic care for their members at a time when so much of our industry lacks that personalized approach. This investment reflects our confidence in their vision and our belief in the potential for Sollis to drive meaningful change in how people of all ages experience care.”
– Stephen Peterson, Partner at Foresite Capital
“We are thrilled to welcome Foresite Capital to our board. This investment will allow us to accelerate expansion and to offer new, innovative services to our members, providing the immediate, seamless, and personalized care they deserve – 24 hours a day, 365 days a year – for any issue that feels urgent to them.”
– Brad Olson, CEO of Sollis Health
