Health Essentials, a Santa Ana, Calif.-based provider of post-acute care management services, has received a growth capital investment of undisclosed amount.
Backers include SV Life Sciences and Bessemer Venture Partners.
The company intends to use the proceeds from the financing to continue to expand its services and geographies, while integrating and upgrading systems and infrastructure
to further enhance the coordination of care for the most medically complex and at-risk patients.
Founded in 1996 by CEO Kim Phan, Health Essentials and its affiliates offer comprehensive clinical services in over 250 skilled nursing facilities, seven Medicare-certified hospices, and DME and pharmacy services. It partners primarily with delegated capitated medical groups and health plans in California, Nevada and Arizona, and also works with hospitals seeking to manage readmissions to avoid financial penalties and Medicaid managed care organizations who are now taking on responsibility for the dual eligible and frail seniors for the first time.
The company recently added:
– Alan Hoops as Executive Chairman and
– Les Granow as Chief Financial Officer.
FinSMEs
25/10/2012