HealthSnap Closes $25 Million Series B Funding Amidst Continued Triple Digit Growth of Remote Patient Monitoring and Chronic Care Management Platform

New Investment is Led by Sands Capital, with Participation from Comcast Ventures, and Follows Enterprise Health System Expansions HealthSnap, a Miami-based Remote Patient Monitoring (RPM) and Chronic Care Management (CCM) solution for healthcare providers, today announced its Series B financing totaling $25 million. The round was led by Sands Capital, with new investments from Comcast Ventures, Acronym Venture Capital, and Florida Opportunity Fund. Existing shareholders, Asclepius Growth Capital, Florida Funders, MacDonald Ventures, and TGH Ventures also participated in the round. Scott Frederick, a Managing Partner at Sands Capital, will join HealthSnap’s board of directors. “Over the last 18 months, HealthSnap has grown as quickly and efficiently as any company we’ve seen in years, and this is coupled with their ability to demonstrate significant improvements in patient outcomes. Innovative, interoperable, and patient-centric solutions like HealthSnap are essential as the number of individuals living with chronic conditions, unfortunately, continues to rise,” said Frederick. “HealthSnap’s suite of solutions is a win-win for healthcare providers, who continue to show their conviction in providing the programs for their patients. We are proud to lead this round of funding.” This latest financing brings HealthSnap’s total funding to $48.5 million to date. In the last 18 months, HealthSnap has grown exponentially, bolstered by the successful expansion of its...
Source: EMR and HIPAA - Category: Information Technology Authors: Tags: Health IT Company Healthcare IT Acronym Venture Capital Angela Orsky Asclepius Growth Capital Comcast Ventures Florida Funders Florida Opportunity Fund Health IT Funding Health IT Fundings Health IT Investment HealthSnap MacDonald Source Type: blogs