Vesta Healthcare, a 24/7 clinical provider group, and digital health platform, dedicated to supporting high-needs members at home and connecting their caregivers’ insights to the rest of the care team, announced the raise of $65M in growth capital. The financing was led by Deerfield Management Company with participation from existing investors Oak HC/FT, Kaiser Permanente Ventures, Lux Capital, Generator Ventures, Nationwide, CareCentrix and Epstein Partners.
- Vesta earlier raised $30M in 2019, bringing total funding to $95M. The supplementary investment would empower the company to further improve into new geographies, propel new program offerings and extend its ability to take on population health schedules and risk arrangements.
- Randy Klein, CEO of Vesta Healthcare said, “We are excited at the possibility to continue our mission-driven approach to delivering care for those who need it most. Our physicians, nurses, and entire clinical team, backed by innovative technology, are truly changing the way care is delivered in the home every day. Through this additional investment, we will be able to rapidly increase our presence as well as continue building novel care models and data-driven technology solutions for the home”.
- By working with home care agencies, professional aides and unpaid caregivers such as family and friends, Vesta acknowledged the ability to reduce avoidable hospitalizations, emergency room visits, and other facility-based care. Vesta Homecareists enable caregivers and care teams to promote health consequences and keep members strong and cared for at home.
- Vesta was established in 2018 with the mission of facilitating better health results for members with vital healthcare inadequacies, who wished to remain at home with the aid of their caregivers.