CoachCare, a NYC-based remote patient monitoring (RPM) and virtual care management company, raised $11M in Funding.
The round was led by Catalyst Investors.
The company intends to use the funds to expand operations and its development efforts.
Led by CEO Andrew Zengilowski, CoachCare provides a comprehensive suite of remote care solutions, including remote patient monitoring (RPM), chronic care management (CCM), and remote therapeutic monitoring (RTM). The solutions are used by healthcare organizations and have supported more than 150,000 patients nationwide.
This latest round followed a $48M funding in June led by Integrity Growth Partners and Topmark Partners, bringing CoachCare’s total equity funding for 2024 to $59M. In addition, the company has secured a credit facility with Everberg Capital, providing up to $52M in debt financing. With these initiatives, CoachCare has raised over $110M in debt and equity capital this year to support its dual-pronged growth strategy and to provide liquidity to its existing equity holders.
