|
| Thursday, 11 July 2013, 20:00 HKT/SGT | |
| |  | |
Source: Caremerge | |
|
|
|
|
| Caremerge is Revolutionizing Communication and Care Coordination for Senior Healthcare |
CHICAGO, IL, July 11, 2013 - (ACN Newswire) - Caremerge, a Chicago based health tech company that simplifies communication and care coordination with its mobile/web solutions, has raised $2.1 Million in Series A Funding.
The investment was led by the successful and well-known European entrepreneur, real-estate developer and art collector, Grazyna Kulczyk of Poland, with participation from another Switzerland-based investor. Athena Heritage, a Swiss Financial Management company provided advisory services to the investors, and Privity FZ LLE, a U.A.E based company, played a key role in the transaction.
The announcement comes as Chicago Mayor Rahm Emanuel and 1871 bring news that Chicago based emerging companies, including Caremerge, have received necessary funds to fuel their growth while creating jobs and playing an important role in the overall economic development for the region. "I congratulate Caremerge on its latest round of funding. 1871 is a hotbed of innovation, producing great companies around Chicago, and I look forward to continued great accomplishments," said Chicago's Mayor Rahm Emanuel.
Caremerge's immediate focus is on solving the care coordination challenges facing senior care providers. The company's HIPAA compliant and secure mobile/web apps allow care providers to quickly capture, chart and share seniors' information with families and outside stakeholders such as ACOs, MCOs, hospitals, and physicians. This user-friendly technology replaces the ever-increasing volume of papers, phone tags, voicemails and faxes with simple, effective tools and automated reminders that improve communication, accelerate decision making, and increase accountability among all involved care providers.
Caremerge is strategically positioned to play a key role in resolving many of the challenges facing the U.S. and worldwide aging population. Each day, approximately 10,000 people in the U.S. turn 65 and enroll in Medicare, and continue to deal with the issues and complexities of long term care. Realizing that healthcare coordination in the U.S. and around the world was in a state of crisis, Asif Khan, launched Caremerge to provide vital solutions for senior care.
"Today, long term care is challenged with increasing regulations, high staff turnover, reduced reimbursements and lower profit margins," says Khan. "Most people believe that the long-term care industry is slow to adopting technology. At caremerge, we beg to differ and believe that until now technology hasn't adopted to the unique challenges and workflows of long-term care."
Caremerge, founded in 2010, continues to flourish in the senior care industry while building strategic relationships with many healthcare providers and technology vendors in this space. One of the most significant ones came into fruition in April 2013, when Caremerge was selected by GE and StartupHealth in a Health Growth Acceleration program. It also recently formed a commercial partnership with InnovateLTC - a hub for commercializing innovation in the aging space.
Additionally, Caremerge has received multiple awards and recognition in the industry:
- July 2012 - "The Most Innovative Company in Long Term Care" awarded by InnovateLTC and Link Conference.
- February 2013 - won the "Best Mobile App" award at the 2013 Boomer Summit.
- May 2013 - selected as a Finalist at the AARP Health Innovation@50+ Live Pitch.
The Caremerge team plans to use this new round of funding to accelerate its expansion and improve its care coordination platform.
Contact:
Asif Khan
Caremerge
asif@caremerge.com
+1-312-608-6101
Topic: Investment
Source: Caremerge
Sectors: Healthcare & Pharm
http://www.acnnewswire.com
From the Asia Corporate News Network
Copyright © 2025 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.
|
|
|
|
|
|
|
Latest Press Releases
Open Dialogue Project Launches 2026 International Essay Contest on Global Development 
Oct 11, 2025 17:00 HKT/SGT
|
|
|
After Beijing, Shoucheng Holdings Opens Robot Experience Store in Chengdu's Core Business District, National Rollout Begins as Consumer-Facing Scenarios Accelerate
Oct 11, 2025 09:58 HKT/SGT
|
|
|
Scandium International Mining Announces Grant of New Mining Lease at Nyngan Scandium Project
Oct 11, 2025 02:29 HKT/SGT
|
|
|
Hitachi Advances Strategic Alliance with Google Cloud to Empower Frontline Workers with Field-Specific AI Agents
Friday, October 10, 2025 11:58:00 PM
|
|
|
Honda Issues Integrated Report - "Honda Report 2025"
Friday, October 10, 2025 11:46:00 PM
|
|
|
DENSO's Electrification Products Adopted for TOYOTA's New "bZ4X"
Friday, October 10, 2025 11:21:00 PM
|
|
|
Newly developed eAxle adopted for TOYOTA's new "bZ4X"
Friday, October 10, 2025 11:08:00 PM
|
|
|
MHIET and MHI-TC Complete Delivery of First "COORDY" Controller Providing Optimized Control of Multiple Power Sources
Friday, October 10, 2025 10:47:00 PM
|
|
|
Fujitsu migrates service operations virtualization platform used by 3,000 companies to Nutanix and introduces migration support services utilizing proven expertise
Friday, October 10, 2025 10:25:00 PM
|
|
|
Shares of Golden Leaf International Group Limited Commence Trading on GEM of HKEX Today
Oct 10, 2025 19:10 HKT/SGT
|
|
|
|
|
More Press release >> |
|
 |
|
|
|
|
 |
|
