Vesta Healthcare, a virtual care provider group for people with home care, announced today the closing of $65 million in a Series C round with new debt financing.
This equity round was led by RA Capital Management, with participation from Oak HC/FT, Chrysalis Ventures, CareCentrix/Walgreens, Nationwide, Kaiser Permanente Ventures, Lux Capital, Generator Ventures, Deerfield Management and others. And the debt financing was provided by Horizon Technology Finance Corporation, an affiliate of Monroe Capital.
Vesta Healthcare – which is one of the fastest-growing specialized providers in the country – now serves over 50,000 people, Vesta Healthcare is improving care in the home by connecting the entire care team, including patients, family, caregivers, home care agencies, providers, and insurance plans. And Vesta Healthcare’s technology and services span from home-based primary care to passive monitoring, and result in people with home care living longer, healthier lives at home.
KEY QUOTES:
“The home is the last frontier of healthcare, and caregivers are the most vital yet disconnected resource in the delivery system. We’re proud of what we’ve built with the support of our existing investors and thrilled for RA Capital Management, Chrysalis and Horizon to join the team.”
– Randy Klein, CEO of Vesta Healthcare
“RA Capital Management is excited to lead this equity round and support Vesta Healthcare’s groundbreaking work. Vesta’s unique model of leveraging caregivers to bridge the gap between healthcare and home care has immense clinical potential. We are excited to see how Vesta’s solutions will continue to improve healthcare outcomes for those with home care needs.”
– Dr. Michael Sherman, Venture Partner at RA Capital Management and Vesta Healthcare Board Member
“We look forward to supporting Vesta Healthcare as a new partner. Vesta’s innovative approach to integrating technology and personal care is setting a new standard in the healthcare industry. We look forward to seeing their continued growth and success.”
– Jerry Michaud, President at Horizon Technology Finance
“We continue to believe that caregivers have an outsized ability to impact the health of those they support, and Vesta Healthcare’s model has effectively integrated caregivers into the clinical care teams. Oak HC/FT is proud to continue our support of Vesta Healthcare in this new phase of growth.”
– Annie Lamont, Co-Founder and Managing Partner at Oak HC/FT
