REACH Health Secures Series B Funding

By Staff Reporter

Apr 21, 2012 12:17 AM EDT

REACH Health, Inc., a leading provider of telemedicine technology solutions for hospitals, today announced it secured $4 million in Series B funding to support its new, multidisciplinary telemedicine platform, REACH Access™. The funding was led by Council Capital, BIP Opportunities Fund LP, and C&B Capital, all of which were investors in the company’s series A financing. The funding from these top healthcare investors will enable REACH to maximize growth opportunities as more hospitals implement its comprehensive telemedicine solutions to provide the best access to specialized care.

“The benefits of telemedicine are considerable,” says Gary Peat, general partner at Council Capital. “We partnered with REACH because we believe in its ability to effect change in care delivery, improving and increasing access to specialized care in hospital medicine for patients across the country.”

“Telemedicine technology is experiencing incredible growth,” says Mark Buffington, partner at BIP Opportunities Fund LP. “Helping to fund technological advances that have a direct and tangible impact on patient well-being is a huge privilege.”

REACH’s cloud-computing telemedicine platform was originally developed to provide remote access to urgent care for stroke victims, allowing patients timely neurological care typically not available in remote, rural or underserved areas. Building upon the success of the urgent care stroke platform, REACH Access was designed by physicians to provide this same intuitive technology to span multiple disciplines, allowing specialized care to be available remotely to patients regardless of their medical needs. REACH’s telemedicine solution benefits numerous clinical environments, including emergency departments, ICUs, clinics, and in-patient facilities for neurology, pulmonology, cardiology, psychiatry and other consultations.

“Our investment partners recognize the key role telemedicine has in today’s changing healthcare environment,” says Richard Otto, president and CEO at REACH Health. “This funding will enable REACH to continue our expansion into additional markets by providing hospitals with the most advanced specialized telemedicine technology to address their strategic initiatives and extend their reach.”

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