Medical care providers Mayo Clinic and Kaiser Permanente have invested an amount reported by Forbes to be $100m in US-headquartered virtual hospital technology provider Medically Home Group.
Founded in 2017, Medically Home offers clinical technology and software which coordinates acute rapid-response services so patients can receive acute and restorative care at home rather than in hospitals.
Mayo Clinic and Kaiser Permanente are both already utilising the technology in their own care systems, Mayo Clinic having previously provided an undisclosed amount for the company through its 2019 series B round, Forbes reported this week.
Gianrico Farrugia, Mayo Clinic’s president and CEO, said: “Our partnership with Kaiser Permanente and Medically Home will create the next generation of patient-centric, compassionate healthcare that seamlessly integrates advanced technology with clinical expertise.
“By bringing best-in-class clinicians and services to patients in their homes, we will be able to provide more people with individualised care that’s tailored to meet their specific needs.”
The company closed $14m from undisclosed investors in 2018, according to a regulatory filing. Healthcare services provider Cardinal Health invested $10m in May 2019 as part of a series B round that closed at $22.8m in December the same year, according to another filing.
Medically Home subsequently secured $10m in convertible note financing in April 2020 before adding $40.4m in a November round that included converted debt.
