Welcome to HealthcareBanker.com

Thank you for visiting HealthcareBanker.com a news aggregator of middle-market mergers and acquisition activity in the healthcare industries. This site addresses investment banking topics dealing with M&A, Capital Raising, Borrowing/Lending and other Corporate Development and Finance activities within the Healthcare Services, Healthcare IT, Medical Device, and Life Science industries.

Monday, July 20, 2015

A-Listers Getting Into Telehealth Game


Pager Raises $14 Million from Ashton Kutcher’s Sound Ventures, NEA 


(from WSJ)

Pager, an app that allows New Yorkers to request at-home visits from doctors and nurses, has raised new funding from Ashton Kutcher’s Sound Ventures and New Enterprise Associates at a valuation of about $75 million.

The $14 million in Series A funding will be used to further develop its technology, said Pager co-founder and Chief Executive Gaspard de Dreuzy.

“We want to keep matching patients with the right type of care, whether it’s an in-person visit or a virtual consultation,” said Mr. de Dreuzy.

The service currently allows users to request in-home doctor visits between 8 a.m. and 10 p.m. daily, after first attempting to diagnose users over the phone. Doctors, sourced from local hospitals, can also provide prescriptions through the app, which can be reimbursed by insurers.

Mr. de Dreuzy said Pager hopes to build out the service to connect patients with specialists and primary-care physicians.

The New York-based company, which launched in May 2014, also plans expand its service to San Francisco, Los Angeles and Chicago.

Sound Ventures and New Enterprise Associates, known as NEA, join Pager’s existing investors including Goodwater Capital, Lux Capital and Montage Ventures.

“Consumers are increasingly using technology to access care,” said Mohamad Makhzoumi, partner and head of health-care services and IT investing at NEA. “We found Pager when we were looking for a company that uses telemedicine not as a primary product but as a tool in the larger toolkit.”

“Today, healthcare in America can be terribly inefficient and impersonal and people aren’t necessarily getting the experience they want,” Mr. Kutcher said in a statement.

Pager counts Oscar Salazar, the first technology chief and third employee of Uber Technologies Inc., as its chief product officer and a co-founder alongside Mr. de Dreuzy. Mr. Salazar is also the chief product and technology officer at carpooling service Ride.

To be sure, Pager has competition beyond brick-and-mortar emergency rooms and urgent-care clinics. The company’s telemedicine offerings compete against services such as Teladoc Inc.TDOC -2.32%, which has a market value of $1.1 billion, and Doctor on Demand Inc., which raised $50 million last month. Its in-home offerings compete against the likes of California-based Heal, which raised $5 million in funding last month.

No comments:

Post a Comment