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Nashville’s Reimagine Care announces $25 million capital raise

Nashville’s Reimagine Care, an innovative provider of technology-enabled services that support oncologists in delivering high-quality, home-centered, value-based cancer care, has announced a $25 million capital raise led by Santé Ventures, Martin Ventures, and LRVHealth.

In its news release, the company said the funding will be leveraged to further develop and commercialize Reimagine Care’s first-of-its kind technology-enabled services platform, launch a virtual care center, and expand the patient care team.

Several strategic investors joined the financing round including the CU Healthcare Innovation Fund that is affiliated with the University of Colorado Anschutz Medical Campus; City of Hope, a National Cancer Institute-designated comprehensive cancer center and founding member of the National Comprehensive Cancer Network; McKesson Ventures; and Sable Investments.

This week’s announcement quoted Devin Carty, Chief Executive Officer of Martin Ventures and Co-founder of Reimagine Care, as noting the high cost of care isn’t the only challenge. “Companies are simply tinkering around the edges of care transformation unless they address healthcare’s fundamental design flaw and align providing an exceptional patient experience with achieving lower costs and better outcomes. This isn’t an easy problem to solve but Reimagine Care is different in its holistic, tech-driven approach. By partnering with health systems, physician practices, and health plans, Reimagine Care can redesign and reinvent cancer care for the benefit of patients while also financially rewarding providers for delivering high-quality cancer care, in safe and convenient settings, which can include the home.”

 

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