– CoachCare, a provider of remote patient monitoring (RPM) and virtual care management solutions secures $11M investment from Catalyst Investors, a growth equity firm specializing in technology-enabled services. This latest funding follows a successful year of growth for CoachCare, bringing its total capital raised in 2024 to over $110M.
– In connection with the Catalyst Investors transaction, Kapil Desai has joined CoachCare’s Board of Directors. Additionally, Elias Davis, who recently joined Palantir Technologies Inc., has also been welcomed to the Board of Directors, bringing valuable expertise in technology and healthcare.
Expanding CoachCare’s Reach and Impact
CoachCare is dedicated to transforming healthcare delivery through innovative virtual care solutions. The company’s comprehensive suite of services, including RPM, CCM, and RTM, is trusted by hundreds of healthcare organizations and has benefited over 150,000 patients nationwide.
This new investment will support CoachCare’s dual-pronged growth strategy, focused on:
- Organic Expansion: Enhancing its existing RPM, CCM, and RTM offerings and expanding its reach to new markets and patient populations.
- Strategic Acquisitions: Continuing its acquisition strategy to further strengthen its position in the virtual care management market.
“Elias brings invaluable experience and a proven track record in scaling organizations and fostering innovation,” said Andrew Zengilowski, CEO and Co-Founder of CoachCare. “His addition to the Board strengthens our ability to execute on our strategic objectives and deliver exceptional value to our customers.”