ConcertoCare raised a $105 million to expand its home care services beyond the eight states where it currently operates, the company announced on Thursday.
Wells Fargo Capital led the Series B round, with participation from Obvious Ventures, Vast Ventures, the Schusterman Family Foundation, SteelSky Ventures, Pennington Partners and Deerfield Management. The startup has raised nearly $150 million in total funding.
Along with the venture round, ConcertoCare also announced it paid an undisclosed sum to acquire Crown Health, a home-based primary care provider based in Washington. Through both the acquisition and new funding round, the startup aims to empower more older adults to live at home by addressing both their social and clinical needs, CEO Dr. Julian Harris said.
"This commitment from our new and existing investment partners enables us to continue innovating, growing and improving health outcomes and quality of life for these vulnerable patients who are too often failed by the traditional American healthcare system, a situation that is frequently exacerbated by health inequities," Harris said in a news release.
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