Papa — the on-demand companionship service for older adults and their families — has added a substantial amount of new capital to its coffers. The Miami-based startup announced Tuesday it has raised another $18 million for its Series B round, with investment led by Comcast Ventures, Comcast Corporation’s investment arm. The new funding brings Papa’s […]
Year after year, startups in the health and wellness space capture more venture capital dollars than almost any other business sector, apart from maybe cybersecurity or financial technology. Despite VC’s heavy focus on health, early-stage companies that specifically operate in the aging services and senior care arenas often go overlooked. Launched in July by one […]
Ready, an on-demand health care startup that delivers home- and community-based services, has raised $54 million in Series C funding. Among the investors in its latest funding round: GV, the venture capital arm of Alphabet Inc. (Nasdaq: GOOGL), the parent company of Google. The recent boost in funding has brought Ready’s valuation to over $350 […]
Raj Kaushal — a home health care veteran with decades of experience in the post-acute care world — has founded a standalone care management company. The company — Senior Healthways Inc. — officially launched on March 1. Formerly an executive at home health giants LHC Group Inc. (Nasdaq: LHCG) and Almost Family Inc., Kaushal decided […]
Grandkids-on-demand startup Papa has raised $10 million in Series A funding, pushing the Miami-based company’s total funding raised above $13 million. The recent investment round was led by Silicon Valley-area venture capital firm Canaan, with money also coming in from Sound Ventures, Y Combinator and Pivotal Ventures, a firm created by Melinda Gates. Past big-name […]
The Medicare Advantage (MA) landscape is heating up like never before, largely thanks to continued flexibilities from the Centers for Medicare & Medicaid Services (CMS) that allow plans to cover a variety of nonmedical benefits. Plans’ newfound ability to offer supplemental benefits such as home care and transportation for certain beneficiaries is drawing a number […]
Oscar Health has hired a former Uber (NYSE: UBER) executive as its new chief operating officer. Meghan Joyce, who was previously a regional general manager at Uber, will fill the position, which has been open since 2016, according to the health insurance startup backed by Google’s parent company, Alphabet Inc. (Nasdaq: GOOGL). “Meghan possesses an […]
A value-based kidney care company is showing what’s possible when it comes to renal treatment in the home — potentially providing a framework for home-based care providers if a variety of newly proposed payment models come to fruition. Since getting started about three-and-a-half years ago, Vienna, Virginia-based Somatus Inc. has served 3,000 patients, doing more […]
As older adults more frequently choose to remain in their homes and communities, new companies that help make aging in place possible are beginning to spring up. It’s important for home care agencies to familiarize themselves with such up-and-coming entities, experts say, as many offer home care-adjacent services that could spell stolen business. Among these […]
When CEO Randy Klein took over Hometeam about a year ago, he was tasked with leading the private equity-backed home care company into a new era. The New York-based startup had recently switched from its direct-to-consumer business model to one based on partnering with other agencies and insurers. It also moved from a payment structure […]