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Serra Company WebCareHealth Acquired by Coachcare
WebCareHealth, a Serra III (SBIC) Fund portfolio company has been acquired by CoachCare, a leading remote patient monitoring (RPM) and virtual health company. The acquisition represents CoachCare’s third acquisition in eight months.
Founded in 2013, WebCareHealth’s expertise will add unique at-home international normalized ratio (INR) blood testing and monitoring capabilities to CoachCare’s suite of RPM, chronic care management and other services.
One of the fastest growing digital health offerings, by 2027, worldwide RPM growth could rise from $53.6B to $175.2B - with factors like the growing older adult population and the monitoring of specialized medicine to patients in between physician office visits.
"This acquisition bodes well for the shareholders of WebCareHealth as CoachCare is growing rapidly in the very hot space of virtual health technology. We offer our congratulations to CEO Teresa Sieck and her team, and we look forward to CoachCare's success!", commented Tim Hoerr, Serra Ventures Managing Partner.
Remote Patient Monitoring (RPM) Set to Become New Standard of Care
WebCareHealth, a Serra Capital III SBIC portfolio company, is a leading remote patient monitoring (RPM) platform for heart failure and other chronic conditions. They have recently released a new survey highlighting the demand and value of RPM.
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