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HT Health developed the Hometeam program intending to improve health outcomes by connecting in-home caregiver insights, advanced analytics, and 24/7 telehealth with the patient's surrounding care team.
FREMONT, CA: 24/7 technology and clinical service provider Vesta Healthcare raised USD 30 million in a Series A funding round co-led by Oak HC/FT and Deerfield Management Company, with participation from existing investors, Lux Capital and Kaiser Permanente Ventures as well as new investors Generator Ventures, CareCentrix, Epstein Partners, and Nationwide Ventures. The new capital will be used towards the expansion of product development, engineering, and sales and marketing as well as to support further market expansion.
The New York-based company is dedicated to supporting caregivers and connecting their insights to the rest of the care team. "Caregivers are in the home, supporting patients with high needs every day. They are on the front lines and the first to notice changes in the health of their loved ones or care recipients, but too often, their insights are not connected back to the care team to take timely action that could prevent unnecessary ED visits, hospitalizations, and readmissions," said Randy Klein, Chief Executive Officer at Vesta Healthcare. "We are delighted to have such an experienced, passionate, and dedicated group of investors who see the potential for Vesta to make a meaningful impact on people's daily health by creating engaging and supportive tools for caregivers."
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As part of the deal, Bharath Ganesan, Principal at Deerfield, will join Vesta Healthcare's Board of Directors. At the same time, Julian Harris, M.D., Partner at Deerfield, and Russell Hirsch, Managing Director at Generator Ventures, will be added as board observers. The company also made official it's renaming from HT Health to Vesta Healthcare. HT Health developed the Hometeam program intending to improve health outcomes by connecting in-home caregiver insights, advanced analytics, and 24/7 telehealth with the patient's surrounding care team.
"Deerfield is thrilled to invest in Vesta's efforts to connect in-home care to at-home care. As we looked across the industry, Vesta Healthcare stood out in terms of their passion for supporting caregivers and enabling seniors to age at home," said Dr. Harris. "We are excited to support their vision for connecting the home to the clinical environment through easy-to-use technology and leveraging the platform to provide proactive clinical support when, where and how high-need care recipients want help.”
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