CoachCare December 2024 Debt Financing Funding Round

CoachCare, a New York City-based company specializing in remote patient monitoring (RPM) and virtual care management, has announced an $11 million funding round led by Catalyst Investors. This investment aims to enhance the company's operational capabilities and support its development initiatives.

Founded in 2013, CoachCare offers a comprehensive suite of remote care solutions, including RPM, chronic care management (CCM), and remote therapeutic monitoring (RTM). These services are utilized by healthcare organizations across the United States, collectively supporting over 150,000 patients.

This recent funding follows a substantial $48 million investment in June 2024, led by Integrity Growth Partners and Topmark Partners. Additionally, CoachCare has secured a credit facility with Everberg Capital, providing up to $52 million in debt financing. These financial developments have enabled the company to raise over $110 million in debt and equity capital in 2024, facilitating its growth strategy and offering liquidity to existing equity holders.