Vesta Healthcare Closed its $65 Mn Funding Round Led by Kaiser, Lux & Others

The round included new debt financing, bringing the company’s total capital raised to $160 million since its inception in 2018.

USA’s leading digital health provider focused on at-home care for seniors, Vesta Healthcare has recently closed its $65 million Series C funding round.

The round included new debt financing, bringing the company’s total capital raised to $160 million since its inception in 2018.

The latest round was led by Boston-based RA Capital Management, marking their first investment in the company. Other investors included Chrysalis Ventures, Oak HC/FT, CareCentrix (Walgreens), Nationwide, Kaiser Permanente Ventures, Lux Capital, Generator Ventures, and Deerfield Management. Horizon Technology Finance Corporation, a Monroe Capital affiliate, provided the round's debt financing portion.

Vesta Healthcare provides digital solutions and services tailored for seniors with high medical needs. The company aims to bridge the gap between patients’ healthcare providers, caregivers, home care agencies, and insurance plans. 

Moreover, Vesta’s platform offers home-based primary care and remote monitoring of patients’ vital signs, aiming to streamline care coordination and improve health outcomes.

Commenting on the development, Randy Klein, CEO, Vesta Healthcare, said, “The home is the last frontier of healthcare, and caregivers are the most vital yet disconnected resource in the delivery system. We’re proud of what we’ve built with the support of our existing investors and thrilled that RA Capital Management, Chrysalis, and Horizon will join the team.”

The platform also helps healthcare payers manage costs by preventing the escalation of medical conditions, improving quality metrics, and enhancing member satisfaction.

“The support we provide connects the dots between the patient’s home, their providers, and the caregiving team. By making the caregiver’s insights a part of the care process, we’ve improved health outcomes and reduced costs for payers,” Klein added.

Vesta has used previous funding rounds to expand its operations into additional states and increase its program offerings. 

The latest capital injection will allow the company to further its mission of supporting seniors and their caregivers while maintaining close ties with healthcare providers.

In 2021, the company secured $65 million in growth capital to expand geographically and enhance its services. 

Vesta’s technology infrastructure and services now cover various aspects of senior care, from remote patient monitoring to facilitating urgent care needs when required.