Corporate investors McKesson, Cambia Health Solutions and Catholic Health Initiatives (CHI) have exited US-based virtual clinic developer Carena, which has been acquired by telehealth services provider Avizia for an undisclosed sum.
Founded in 2000, Carena has created a virtual healthcare software platform it supplies to a network of about 120 care providers, helping them treat patients over the phone or through a mobile device with a camera.
Carena had raised $37m in equity funding, according to press releases and securities filings, most recently securing $6m from undisclosed investors in June this year.
The company received $14m in a CHI-led round in 2012 before adding $13.3m in a mid-2015 round featuring CHI, care provider Cambia Health Solutions, venture capital firm Martin Ventures and McKesson’s strategic investment arm, McKesson Ventures.
Avizia which has raised about $20m from investors including healthcare providers NewYork-Presbyterian Hospital and Northwell Health, will now oversee a customisable telehealth offering spanning software, virtual care devices, mobile apps and a network of care providers.
Mike Baird, chief executive of Avizia, said yesterday: “This acquisition combines two of the nation’s leading virtual care platforms. With Carena’s select provider network, Avizia empowers hospitals with the most comprehensive, customisable and trusted telehealth solution available.”