Deerfield Capital Management (''DCM'') is a global fixed-income investment adviser that has managed institutional, alternative accounts since 1993.

Deerfield Capital Management

Vast Ventures they invest in consumer brands, AI and cloud software, and more.

Vast Ventures

Obvious Ventures is a venture capital firm that invests in the early and growth stages. The firm was founded in 2014 and is based in San Francisco, California.

Obvious Ventures

Charles and Lynn Schusterman Family Philanthropies supports efforts to advance more just and inclusive societies. In the United States, their philanthropic focus areas include criminal justice, democracy and voting rights, public education, gender and reproductive equity, the family’s hometown of Tulsa, OK. They have also long invested in efforts to strengthen the Jewish community and Israel. Established in 1987, Schusterman Family Philanthropies aims to drive and support long-term systemic change through investments in leaders, organizations and U.S. public policy.

Charles and Lynn Schusterman Family Philanthropies

Pennington Partners offers a partnership of entrepreneurs and families with aligned interests and a shared vision and spirit of innovation. They provide a breadth of investment, wealth planning, and personal financial administration solutions that were created by and for Founders, CEOs, wealth creators, and multi-generational families.

Pennington Partners & Co

Wells Fargo Strategic Capital is a principal investing and merchant division of Wells Fargo & Company. Wells Fargo Strategic Capital provides structured financing to small and mid-cap companies in the United States and Canada. Product capabilities include project/development financing, mezzanine financing, and other subordinated debt financing as well as equity financing, including both preferred and common.

Wells Fargo Strategic Capital

SteelSky Ventures is an early stage fund investing in the future of Women’s Health. The fund is focused on investing in high growth companies that significantly improve access, care and outcomes in women’s health.

SteelSky Ventures

ConcertoCare

ConcertoCare delivers primary and complex care to seniors and other adult patients. They provide three distinct in-home care models, which are all powered by their proprietary population health and analytics engine. Their novel approach to patient care is composed of their team of renowned experts in home-based geriatric medicine, digital health, palliative care, healthcare analytics, and value-based care.

<div>ConcertoCare (formerly known as ConcertoHealth) is a primary care provider that operates an omnichannel care delivery model, offering both in-person and virtual care services, including remote patient monitoring to manage chronic conditions. Its proprietary data analytics and clinical decision support platform Patient3D helps determine the best course of action for a patient. The platform consists of three main programs: 1) ConcertoCare Partners, a program designed for the complex needs of patients and primary care providers; 2) In-Home Primary Care Provider, a program designed for users who do not have a primary care provider; and 3) PACE Services, an end-to-end homecare solution. In February 2021, the company merged with fellow home-care provider Perfect Health and was to operate under the name “ConcertoCare.” As of February 2022, Its services were available in eight states across the US.</div>

A concentration of wealth and a willingness to adopt age-in-place technologies present new opportunities.

Age Tech

<div>ConcertoCare (formerly known as ConcertoHealth) is a value-based primary care provider that operates an omnichannel care delivery model, offering both in-person and virtual care services to seniors and those enrolled under Medicare Advantage, including remote patient monitoring services to manage chronic conditions. Its proprietary population health data analytics and clinical decision support platform Patient3D offers actionable insights on a patient.&nbsp;</div>

Membership-based, non-insurance healthcare companies helping maintain a steady state of well being.

Preventive Healthcare

<div>
 
 ConcertoCare (formerly known as ConcertoHealth) is a primary care provider that operates an omnichannel care delivery model, offering both in-person and virtual care services, including remote patient monitoring to manage chronic conditions. Its proprietary data analytics and clinical decision support platform Patient3D helps determine the best course of action for a patient. The platform consists of three main programs: 1) ConcertoCare Partners, a program designed for the complex needs of patients and primary care providers; 2) In-Home Primary Care Provider, a program designed for users who do not have a primary care provider; and 3) PACE Services, an end-to-end homecare solution. In February 2021, the company merged with fellow home-care provider Perfect Health and was to operate under the name “ConcertoCare.” As of February 2022, Its services were available in eight states across the US.
 
 
 In February 2022, the company acquired 
 <a href="https://sp-edge.com/updates/8275">
 Crown Health,
 </a>
 a home-based primary care provider. The acquisition accompanies a 
 <a href="https://sp-edge.com/updates/8275">
 Series B fundraise of USD 105 million
 </a>
 led by Wells Fargo Strategic Capital.
 
</div>

<div>
 
 Honor provides a platform for elderly persons and their families to find home care providers, and is one of the largest on-demand home care companies in the US. The company employs machine learning algorithms to its platform to optimize caregiving services.The company also partners with multiple independent homecare agencies and had over 40 home care agencies partnered as of October 2020. Its services were offered across six states (California, Texas, New Mexico, Arizona, Ohio, and Michigan) as of October 2020.
 
 
 Honor generates a share of the revenue from the agencies by taking over a share of the agencies’ billing, hiring, training, and scheduling functions. Through these partnerships, Honor is able to expand the reach of its professional caregiver market, and scale its business. Honor raised USD 140 million in Series D funding led by Baillie Gifford in October 2020, and it intends to use the funds to expand into new markets and further invest in its care delivery platform. 
 
 
 In August 2021, Honor announced the acquisition of Home Instead, one of the largest home care providers in the US, at an undisclosed value. Following the deal, Home Instead is expected to operate as a subsidiary of Honor under the company’s original brand name led by its CEO Jeff Huber. 
 
 
 Home Instead provides a wide range of home care services to the elderly which includes companionship-based care, specific care solutions for dementia and Alzheimer’s, and live-in care. The company also provides home monitoring solutions including sensors, tablets, safety alarms and health apps. It partners with the Organisation for the Review of Care and Health Applications (ORCHA) to provide quality assured apps for psychological wellbeing, physical activity, and mental stimulation. 
 
 
 As of August 2021, it has around 90,000 caregivers serving at 1,200 locations across the US and global markets. Home Instead acquired UK-based online platform SuperCarers in June 2020. It connects professional caregivers to elderly people seeking at-home care. Prior to the acquisition, SuperCarers had raised a total of GBP 4.9 million (USD 6.6 million).
 
 
 The merged entity is expected to combine for over USD 2.1 billion home care services revenue. In combining Home Instead’s global reach with Honor’s technology platform, the companies intend to improve the efficiency of home care services and enhance the professional development of caregivers by providing them with better career opportunities.
 
 
 In October 2021, the company raised USD 70 million in Series E funding and USD 300 million in debt financing. The equity funding round was led by Baillie Gifford, valuing Honor at USD 1.25 billion, while the debt financing was led by Perceptive Advisors. The company intended to use the funds for team expansion (tripling its engineering and product team) and expanding the operations and technology of the Home Instead network. Prior to this funding round, Honor raised USD 140 million in Series D funding led by Baillie Gifford in October 2020.
 
 
 
 
 
</div>

Honor

<div>
 
 Eargo specialises in developing hearing aid and related services. Eargo has four products in its lineup: namely, Eargo Max, Eargo Neo HiFi, Eargo 5 and Eargo 6. The company&rsquo;s products are unique due to its design meant to keep the device invisible when plugged in.&nbsp;&nbsp;
 
 
 The products are priced between USD 1,850 (Eargo Max) and USD 2,950 (Eargo 6) and as per the company, are around half of the price of the hearing aids&nbsp; provided via traditional channels in the US. The Eargo Neo range comes alongside an app and offers connected smart features such as audio personalization and control. The app allows the user to control the audio to suit their surroundings, customize settings, and contact Eargo's licensed hearing professionals for consultation and support.
 
 
 The company utilizes a business-to-consumer (D2C) online retail strategy compared to traditional business-to-business (B2B) model deployed by other manufacturers who sell their products through clinics. The strategy has proven beneficial through the Covid-19 pandemic as consumer footfall for brick-and-mortar clinics have declined.&nbsp;&nbsp;
 
 
 
 
 Funding and financials
 
 
 The company last raised funds in November 2022 when Patient Square Capital became the majority owner of Eargo through a conversion of its convertible notes. The gross proceeds from the transaction raised USD 32.5 million for Eargo, including an investment of USD 5.5 million by Patient Square Capital and an expense of USD 2.5 million in transaction-related expenses. The raised funds were set aside for working capital purposes and to fund Eargo's omni-channel growth strategy. 
 
 
 
</div>

Eargo

<div>
 
 K4Connect provides technology solutions to residents and staff members in senior living communities through its K4Community platform. The company was co-founded by Scott Moody who sold his fingerprint sensor technology company AuthenTec to Apple for USD 356 million in 2012, which then became the basis for Touch ID.
 
 
 The platform's offerings include digital voice and video communication, and&nbsp; community updates for residents. It also provides smart home automation through the provisioning of plug and play Alexa devices for residents and supports smart thermostats, smart lights, motion sensors, and sleep tracking devices. In addition, community staff members have access to tools for resident surveys, resident and family management, and communications. During the Covid-19 pandemic, the platform also established an expanded video chat service to facilitate resident-to-resident communication, staff requests, yoga classes, and dining room bookings. Further, in March 2020,&nbsp; it partnered with software communications firm Bandwidth to introduce a hotline for staff and residents as a means of keeping all parties up to date with community information.
 
 
 The platform is built on the company&rsquo;s patented operating system, FusionOS. The company claims that FusionOS is an advanced multi-modal edge-cloud architecture, the first of its kind in the senior living industry. Residents and staff can access the platform using a smartphone app or pre-provisioned tables in the living communities priced on a per-resident basis.
 
 
 As of July 2020, the platform served over 800 independent and assisted living senior living communities across the US. The platform serves over 29,000 users at more than 125 senior living communities across 27 customers as of February 2020, more than doubling its users from 2018, which it expects to repeat in 2020. The company has established channel partnerships with Allbridge (a data, video and voice solution provider for senior living) in July 2020, and Eskaton (a senior services provider) and White Horse Village (a continuing care retirement community) in May 2019. It collaborated with GlobalLogic (a digital product engineering company) in July 2020 to expedite the development schedule of&nbsp; its K4Community Plus app in response to Covid-19.&nbsp;
 
 
 
 
 Funding and financials
 
 
 In July 2023, the company raised 
 USD 8.9 million in a funding round co-led by Bryce Catalyst and AXA Venture Partners, with participation from other venture capital firms. The funds raised were set aside to drive adoption of its platform in senior living communities. Additionally, the company also planned to invest in its patented operating system offering and community engagement suite. After the funding round, Mike Weller joined the company as COO. 
 
</div>

K4Connect

<div>
 
 CarePredict was founded by Former IBM consultant and tech veteran, Satish Movva, and produces Tempo smart wearables for the elderly community. Using machine learning (ML), the company claims the app can reduce the chance of a fall, and predict urinary tract infections (UTIs) and depression ahead of a clinical diagnosis. The device aims to assist caregivers in taking preventive action by detecting activities and behaviors which are precursors to health declines. The data from the device can also be shared with family members.&nbsp;&nbsp;
 
 
 The company generates revenue from device sales and subscriptions. Independent research conducted in September 2020 indicated that facilities using CarePredict&rsquo;s wearables reported 40% fewer hospitalizations 69%, lower fall rates, 67% increased length of stay, and a 37% improved staff response rate than facilities that did not use CarePredict.&nbsp;
 
 
 The company expanded its operations in 2018 through its acquisition of WiseWare, a company selling activity-tracking jewelry for older users. In April 2020, it launched the PinPoint contact-tracing tools to mitigate the spread of Covid-19.&nbsp;
 
 
 Key customers and partnerships
 
 
 In February 2021, the company &nbsp;announced its partnership with Middle Alabama Area Agency on Aging (M4A). M4A is the agency behind the &ldquo;Providing Alzheimer's N' Dementia Assistance&rdquo; (PANDA) project. The company will be the first tech platform to be part of the project and will provide caregivers assistance in remote monitoring and preventive care using its smart wearables. 
 
 
 Funding and financials
 
 
 In July 2023, CarePredict raised USD 29 million in a Series A-3 funding round co-led by Aspire Healthtech Partners and SV Health Investors' Medtech Convergence Fund. The funds were set aside to be used to expand the company&rsquo;s operations and market presence.
 
</div>

CarePredict

<div>
 
 Eversound develops wireless headphone systems to enhance the level of engagement and social interaction for the elderly living in assisted living or memory care centres. The platform provides a library of programmed content on a variety of topics. The headphone system can be used to communicate with caregivers, during group events, family visits, and for music therapy. The headphones are equipped with a wireless transmitter and volume controls. It connects to external audio sources such as community A/V systems, televisions, and audio devices.&nbsp;
 
 
 The product was unveiled in May 2016. In a subsequent six month study conducted by LCB Senior Living community, group events leveraging the Eversound system resulted in an 18% reduction of residents falling asleep and a 28% increase in engagement during group events. In December 2016, the company expanded to 18 states across the US.
 
 
 In March 2020, as a part of its Covid-19 response, the company launched a live streamed, interactive content service to help seniors combat isolation. Further, as in-person visits at assisted living communities were interrupted due to the Covid-19 pandemic, the use of Eversound&rsquo;s visitation package proved to be crucial for socially distanced in-person visits.
 
 
 As of December 2020, the company&rsquo;s product is being used in more than 700 senior living communities across the US. Its clients include senior living communities such as Brightview, Commonwealth, and Oakmont. In addition, Eversound has established partnerships with senior living communities (such as The Arbor Company,&nbsp; Bridges by EPOCH, Christian Horizons, and Kisco) to roll out its devices for family visitations, and programmable and live streamed content.
 
 
 
</div>

Eversound

Many devices that help seniors operate independently and receive remote treatment use IoT

Offers digital platforms that support the wellness of the senior population

Some companies use VR to help treat seniors with conditions such as isolation and dementia

Remote monitoring, medical diagnosis, communication, and coordination between caregivers and families of the elderly.

<div>
 
 ConcertoCare (formerly known as ConcertoHealth) is a value-based primary care provider that operates an omnichannel care delivery model, offering both in-person and virtual care services to seniors and those enrolled under Medicare Advantage, including remote patient monitoring services to manage chronic conditions. Its proprietary population health data analytics and clinical decision support platform Patient3D offers actionable insights on a patient.&nbsp;
 
 
 The platform has three main programs: 1) ConcertoCare Partners, a program designed for the complex needs of patients and primary care providers; 2) In-Home Primary Care Provider, a program designed for users who do not have a primary care provider; and 3) PACE Services, an end-to-end homecare solution. In February 2021, the company merged with fellow home-care provider Perfect Health. As of February 2022, Its services were available in eight states across the US.
 
 
 In February 2022, the company acquired home-based primary care provider 
 <a href="https://sp-edge.com/updates/8274">
 Crown Health 
 </a>
 to expedite its growth and improve health outcomes among older adults in the Pacific Northwest region. The acquisition accompanies a Series B fundraise of USD 105 million led by Wells Fargo Strategic Capital, which will be used to enhance its care delivery model, expand partnerships with value-based health plans, and launch in new markets across the US.
 
</div>

<div>
 
 Cardiomo Care offers noninvasive wearable devices to alert users and caretakers when there are abnormalities in the heartbeat. The device can also conduct real-time wireless ECGs, track skin temperature, and detect falls. It also leverages AI to predict potential heart problems using cardiac signals.
 
</div>

Cardiomo Care

Omada is a prevention-focused digital therapeutics startup that helps members achieve health goals through lifestyle changes. It offers five evidence-based, virtual prevention programs for managing hypertension, behavioral health, musculoskeletal (MSK) issues, obesity and prediabetes, and diabetes.&nbsp;Omada offers real-time data tracking through connected devices (such as wireless scales, blood pressure, and glucose monitors) and access to personalized coaching sessions via a mobile app as part of its prevention program. It also provides an online community of peers with similar health conditions to discuss challenges and provide support. In May 2021, Omada became the first fully-virtual healthcare provider to earn the National Committee for Quality Assurance’s Population Health Program Accreditation for its type 2 diabetes and type 2 diabetes + hypertension programs.Unlike its peers, Omada operates a performance-based business model where it charges clients an enrollment fee based on the number of users and a performance fee based on how much weight their employees lose.&nbsp; By February 2022, Omada had more than 550,000 members from more than 1,700 enterprise clients across all 50 US states.&nbsp;Key Customers and PartnershipsIts B2B employer and health plan client base include key clients such as American Eagle, Kaiser Permanente, Costco Wholesale, 3M, and Marvin. Additionally, the company has partnered with health systems and hospitals such as Intermountain Healthcare to provide its preventive programs as a covered benefit. In <a href="https://sp-edge.com/updates/15587">January 2023</a>, the company partnered with health service company Castell (a subsidiary of Intermountain Healthcare) to provide its diabetes programs to members from Intermountain Healthcare’s primary care providers in its Utah Medical Group. Further in <a href="https://sp-edge.com/updates/25245">January 2024</a>, the company partnered with Amazon to expand access to its cardiometabolic program.&nbsp;In May 2020, the company purchased virtual physical therapy startup Physera.&nbsp;Funding and FinancialsIn <a href="https://sp-edge.com/updates/8703">February 2022</a>, Omada concluded a USD 192 million Series E funding round to hire more employees, further expand its offerings, as well as to invest in its Omada Insights Lab, which uses health data for better chronic care delivery.

Omada Health

<div>
 
 VillageMD is a provider of primary care services for patients. It also provides tools, technology, and staffing support needed for physicians to deliver high-quality services. VillageMD&rsquo;s service delivery methods include traditional freestanding clinics, Village Medical at Walgreens co-located clinics, as well as at-home and around-the-clock virtual visits. It also leverages a team-based approach to care where physicians lead nurse practitioners, pharmacists, mental health specialists, and dietitians to offer a holistic care program. The technology of VillageMD includes docOS, an operating system that enables better patient care by connecting various clinical source systems with ongoing patient-generated data coupled with an AI engine to continuously analyze messages to enable patient self-care.
 
 
 The company carried out two major acquisitions in 2022, including the acquisition of chronic care management company Healthy Interactions, healthcare provider Summit Health. Summit Health&rsquo;s USD 8.9 billion acquisition will allow the combined company to offer care services in more than 680 provider locations in 26 markets. VillageMD&rsquo;s latest acquisition, primary care and specialty care provider 
 <a href="https://sp-edge.com/updates/16968">
 Starling Physicians
 </a>
 , took place in March 2023.&nbsp; Following the acquisition, VillageMD operates more than 700 primary care provider locations.
 
 
 Key customers and partnerships
 
 
 In June 2020, VillageMD and Walgreens announced a collaborative effort to open at least 600 Village Medical centers at Walgreens across more than 30 US markets by 2025. Walgreens invested USD 5.2 billion in VillageMD (from the previously announced USD 1.0 billion), raising its ownership stake to 63% (from 30%). More than half of these practices will be opened in medically underserved communities. As of November 2022, Walgreens and VillageMD operated 150 co-located clinics, and plan to increase this to 200 by the end of 2022.&nbsp;
 
 
 Fundings and Financials
 
 
 In July 2020, the company raised USD 275 million in a corporate round from Kinnevik AB and Walgreens Boots Alliance. VillageMD remains a standalone company and it plans to conduct an initial public offering in 2022. It achieved a revenue of USD 1.3 billion by the end of 2021, increasing from USD 217 million in 2017.
 
</div>

VillageMD

<div>
 
 Cityblock is a tech-driven primary healthcare provider predominantly targeting less privileged communities (for Medicaid and lower-income Medicare beneficiaries). It offers personalized, around-the-clock primary care and behavioral care in partnership with health insurers and community-based organizations to bring care closer to people in underserved communities.
 
 
 Cityblock&rsquo;s care delivery platform, &ldquo;Commons,&rdquo; connects patients with community health providers and leverages data from various sources such as electronic health records, insurance claims, health information exchanges, pharmacies, and through interactions with the platform for decision support in delivering care. The platform enables care providers to communicate and monitor a patient's progress via its virtual healthcare model.&nbsp;
 
 
 The services of Cityblock are available to members at no additional cost if they are covered by an eligible health plan. As of March 2021, Cityblock catered to more than 70,000 patients. As of August 2021, the company was available in five states on the East Coast.
 
 
 Key Customers and Partnerships
 
 
 In September 2022, Cityblock Health partnered with Indiana-based healthcare company MDwise to open care clinics for its members. Prior to that, the company had partnered with insurance providers such as ConnectiCare (Connecticut), Tufts Health Plan (Massachusetts), Emblem Health (New York), Healthy Blue (North Carolina), Molina Healthcare (Ohio) and CareFirst (Washington DC).&nbsp;
 
 
 Funding and Financials
 
 
 Cityblock is a spin-off of Sidewalk Labs, an Alphabet company that incubates and invests in tech companies and products to improve urban infrastructure. It completed a USD 400 million Series D funding round led by Softbank in September 2021, valuing the company at USD 5.7 billion. The company plans to enhance accessibility to its services, increase its membership base, and expand its geographical presence to North Carolina and Ohio with the funds raised.
 
</div>

Cityblock Health

<div>
 
 Everside Health Group (formerly known as Paladina Health) offers preventative care for chronic conditions and primary, mental and occupational healthcare treatments for acute conditions. Patients benefit from around-the-clock access to care, same-day or next-day appointments for in-person, and virtual care visits with zero copays. Focusing mainly on the B2B segment, Everside aims to generate around 17% healthcare cost savings in three years and 31% in five years for its corporate members by leveraging a data-driven approach to care coordination. The company charges a per-member-per-month fee from its enterprise clients, which includes self-insured employers and labor unions. The company leverages data from past medical records, predictive analytics, and AI in the delivery of preventative care services.
 
 
 Founded in 2010 under the name Paladina Health, the company was rebranded in November 2020 as Everside Health following a merger between three primary care groups (Paladina, Activate Healthcare, and Healthstat). Everside filed its prospectus with the US Securities and Exchange Commission in July 2021 for its initial public offering (IPO). As of July 2022, the company is yet to be listed on the New York Stock Exchange under the ticker “EVSD.” 
 
 
 Funding and financials
 
 
 The company reported a revenue of USD 113 million in 2020, up 40% YoY, while net loss for the year improved to USD 2.9 million from USD 19.6 million in 2019. The DPC operates more than 375 clinics across 34 states and has served hundreds of thousands patients as of July 2022.
 
 
 The company received its most recent investment in July 2022, amounting to USD 164 million in growth equity funding. The round was led by New Enterprise Associates (NEA). The funds were allocated towards  growing its market presence and exploring opportunities for M&A as well as to enhance and improve its product features. Additionally, the firm planned to expand its coverage of specialty care services aimed at individuals, employers, and union organizations.
 
</div>

Everside Health

To gather large amounts of real-time data for chronic care management, DTx, and patient monitoring

XR used by some startups for chronic pain management

Offers digital means of providing direct primary care, passive remote monitoring, chronic care management, etc.

AI/ML is used in predictive analytics, diagnostics tools, and population management

Offers tailored preventive interventions and treatments to the specific needs and characteristics of each individual

DPCs offer value-based primary and preventive care services addressing whole-person (social, mental, physical) needs for a fixed monthly or annual fee paid by either the patient, insurance provider, or employer.

Companies offer independent physician practices and hospitals with the tools (patient engagement, care coordination, administrative services) to help manage and improve clinical health outcomes of a defined group of individuals or large populations.

ConcertoCare

Age Tech

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ConcertoCare raises USD 105 million in Series B funding

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