Aspire Health (‘Aspire’), the nation’s largest provider of home and outpatient palliative care, announced $15 million in Series C funding. The investment was led by Oak HC/FT, a leading venture growth-equity fund focused on healthcare information and financial technology.
‘The demand for specialized medical care for patients with serious illness has increased rapidly in the U. Oh, S “Annie Lamont, Managing Partner at Oak HC/FT, said ‘Aspire Health is serving this important and growing segment of the healthcare market by providing cost-effective, personalized palliative care services to patients and their families. We are excited to invest in their growth and to support the continued expansion of palliative care in the U. Oh, S ”
Brad Smith, Chief Executive Officer of Aspire Health, said, “We are thrilled to partner with Oak HC/FT, which has one of the best track records in the country to back up leading, high-growth healthcare companies. Their support will enable Aspire to invest in additional data analysis, IT infrastructure and growth in new markets. ”
The quality and cost of care for patients approaching the end of life has attracted increasing attention, with research showing that more than a quarter of Medicare’s expenditure has been spent on patient care in the last year of life.
Aspire currently operates 11 palliative care practices across 16 cities in seven states and its existing healthcare partners include Cigna-HealthSpring, Blue Cross Blue Shield Tennessee, Highmark, Humana and Aetna, among others. Since its establishment in July 2013, Aspire has received an average rating of 4 9 out of 5 for patient satisfaction with internal customer surveys
Mrs. Lamont, ranked first among the top health investors on the 2015 Midas List, will join the Board of Directors of Aspire Health, chaired by former U. Oh, S Senate Majority Leader Bill Frist, one of the ten most influential health figures in the U. Oh, S The Modern Healthcare Magazine
About the aspiring health
Aspire Health is a home-based and out-patient palliative care provider that operates a group of specialized medical practices that take care of patients with severe illness. Aspire was co-founded by Senator Bill Frist, a physician, based in Nashville, Tennessee. Further information on Aspire Health can be found at www. Aspiration for health care Come on,
About the HC/FT Oak
Oak HC/FT (http://oakhcft) Com/) is the leading venture-equity fund investing in Healthcare Information & Services (‘HC’) and Financial Services Technology (‘FT’) We focus on driving transformation in these industries by providing strategic advice to entrepreneurs and companies, board participation, business plan execution and access to our extensive network of industry leaders.
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