US-based mobile healthcare platform Pager raised $33m in equity and debt financing on Friday, with health insurer Horizon Blue Cross Blue Shield of New Jersey contributing to the equity portion, according to MobiHealthNews.
Health Catalyst Capital led the equity transaction, which included Goodwater Capital, Three Fields Capital, New Enterprise Associates (NEA) and Lux Capital. The debt facility, which made up approximately a third of the total, was supplied by Silicon Valley Bank.
Pager has created an artificial intelligence-powered mobile app enabling patients to interact with a team of care providers through a single interface using text, voice and video chat.
The app guides patients from virtual care, where for example a nurse may help them make an initial triage using telemedicine, through to scheduling appointments with providers, arranging prescriptions and house calls, and managing payments.
The funding will go towards the launch of new products, scaling the company’s operations in New York City and Raleigh, and entering additional markets.
Healthcare provider Horizon Healthcare Services led a round of undisclosed size for Pager in early 2018, with backing from Vero Norte, an investment arm of insurance firm Grupo Sura, as well as Lux Capital, Goodwater Capital and NEA.
The company had previously raised a total of $29.6m in funding from Sound Ventures, Montage Ventures and Summation Health Ventures, the firm formed by health system MemorialCare and hospital operator Cedars-Sinai Medical Center.
