Integrity Growth Partners’ investment in the RPM and virtual care management company aims to further accelerate CoachCare’s rapid growth. PEAK Technology Partners served as the exclusive financial advisor to CoachCare on this transaction.
CoachCare, a leading remote patient monitoring (RPM) and virtual care management company, today announced a $48 million strategic growth investment led by Integrity Growth Partners (“IGP”), a leading growth investment firm focused exclusively on software and technology-enabled businesses. Topmark Partners also participated in the investment. The partnership with IGP will enable accelerated growth in key business areas while allowing CoachCare to remain founder-led.
As the prevalence of chronic conditions such as obesity, hypertension, and diabetes has increased throughout patient populations, medical practitioners have increasingly turned to new technologies to help treat and monitor these patients effectively. CoachCare’s platform combines best-in-class software and connected devices with outreach and monitoring services to give health care providers everything needed to establish and operate RPM, chronic care management (CCM) and other virtual care management programs at scale, leading to improved patient outcomes and increased practice revenues. With CoachCare’s comprehensive platform, providers are able to better treat their patients with chronic conditions, alleviate staffing constraints and improve their financial performance.
“CoachCare is becoming the go-to RPM solution for healthcare providers, which is reflected by our deep roster of satisfied customers and expansive virtual care management offerings,” said Wes Haydon, President and Co-Founder of CoachCare. “CoachCare has been growing rapidly, both organically and through M&A, and we look forward to partnering with IGP and leveraging its considerable software and operational expertise as we continue to build our business and enhance our product offerings for customers,” said Andrew Zengilowski, CEO and Co-Founder of CoachCare.
The investment in CoachCare was the second made by Integrity Growth Partners Fund II, which provides growth investments and strategic support to high-growth, Software & Tech-Enabled Services businesses that have achieved scale with strong product-market fit. Integrity Growth Partners’ investments focus on talent & organizational design, go-to-market strategy, M&A, and partnerships. Founders and management teams benefit from the expertise, support, and unique perspectives of IGP and its extensive network of resources to accelerate growth, unlock organizational potential, and drive impressive value to customers.
“CoachCare is led by an experienced team that understands the unique opportunity presented by the fragmented RPM market, as well as the skills and discipline required to take the company to the next level,” said Ryan Anderson, Partner at Integrity Growth Partners. “CoachCare has built an impressive and differentiated platform that is rapidly emerging as a market leader in RPM and virtual care management,” added Anderson. “We look forward to partnering with Andrew, Wes, and the entire CoachCare team as they embark on this exciting next phase of growth.”
PEAK Technology Partners served as the exclusive financial advisor to CoachCare on this transaction, adding to its extensive track record of helping high-growth businesses across the healthcare technology landscape. Whitman Breed Abbott & Morgan LLC served as legal counsel for CoachCare on the transaction, while Morris Manning & Martin, LLP acted as legal counsel for IGP.
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