Blue KC's private equity arm helps lead $33M funding round for virtual physical therapy company

Cobalt Ventures LLC, the Kansas City-based investment arm of Blue Cross and Blue Shield of Kansas City, helped lead a $33 million Series C funding round for a California-based health care company. RecoveryOne offers virtual physical therapy to help people with musculoskeletal conditions. TELUS Ventures, the strategic investment arm of a Canadian telecommunications and health technology company, co-led the funding round. The company plans to use the investment funding to grow its payer an d employer…
Source: bizjournals.com Health Care News Headlines - Category: Health Management Authors: Source Type: news