Miami, Florida, Sept. 28, 2018 (GLOBE NEWSWIRE) -- Carie Health, LLC, the Miami, FL based telehealth company continues to win industry innovation accolades for improving the doctor-patient relationship with the nations first free telehealth network solution. The company announced today it has closed its $7 million Series A tranche funding. The round, led by Sagemoore Capital, also included participation from a number of the company’s key industry partners, customers, and several high-net-worth family offices representing nationally recognized medical thought leaders, each of whom are formally engaged as early adopters of the platform solution.
“This early financing provides additional working capital to accelerate the national expansion of our platform and includes meaningful future commitments to fund related merger and acquisition activity,” said Matt Wanderer, Founder and Chief Executive Officer of Carie in a statement. Wanderer goes on to note that “Carie’s next-generation telehealth platform is uniquely built for peer to peer sharing within the medical community, accelerating America’s transition to a consumer friendly, mobile-first, healthcare model with both lower costs, and dramatically improved convenience that modern healthcare consumers expect and deserve”.
About Carie Health
Carie Health, LLC was formed in 2015 to create a next generation telehealth platform that, in partnership with major medical insurance, sets out to radically improve the cost and convenience gap that most Americans experience when it comes to the availability of quality medical care.
Carie’s HIPAA compliant virtual care platform allows its members to connect virtually with their doctor, or a local U.S. board-certified doctor 24 hours a day, 7 days a week. For physicians, Carie provides a free turnkey virtual practice platform to help them communicate with and enroll their patients. Practices can eliminate or decrease office overhead fees and costs, and the hassle of insurance while running their practice on their terms, from anywhere, anytime. Health systems can also utilize Carie as a dedicated licenseable solution featuring robust administrative features and functionality that health systems should expect, ranging from multiple user roles to customizable marketing content. The global telemedicine market is estimated to grow from $25.53 billion in 2015 to $57.92 billion in 2020. The consumer trend toward mobile/now solutions shows that 62% of American consumers believe that video consultation is as good as in person visits. Carie Health’s telehealth platform is positioned to take advantage of this rapid growth.
Forward-Looking Statements
This press release contains forward-looking statements, particularly as related to, among other things, the business plans of Carie Health, statements relating to goals, plans and projections regarding Carie Health’s' financial position and business strategy. The words or phrases "plans," "would be," "will allow," "intends to," "may result," "are expected to," "will continue," "anticipates," "expects," "estimate," "project," "indicate," "could," "potentially," "should," "believe," "think," "considers" or similar expressions are intended to identify "forward-looking statements." These forward-looking statements fall within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Act of 1934 and are subject to the safe harbor created by these sections. Actual results could differ materially from those projected in the forward-looking statements as a result of a number of risks and uncertainties. Such forward-looking statements are based on current expectations, involve known and unknown risks, a reliance on third parties for information, transactions or orders that may be cancelled, and other factors that may cause our actual results, performance or achievements, or developments in our industry, to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially from anticipated results include risks and uncertainties related to the fluctuation of local, regional, and global economic conditions, the performance of management and our employees, our ability to obtain financing, competition, general economic conditions and other factors that are detailed in our periodic reports and on documents we file from time to time with the Securities and Exchange Commission. Statements made herein are as of the date of this press release and should not be relied upon as of any subsequent date, and the Company specifically disclaims any obligation, to update any forward-looking statements to reflect occurrences, developments, unanticipated events or circumstances after the date of such statement.