The new funding from Heritage Group will support the expansion of acute care telehealth and staffing services.
Acute care telehealth and teleICU provider Equum Medical announced Tuesday that it has raised $20 million in growth equity from Heritage Group, and will use the funds to expand its service model and broaden the reach of its clinical staff.
"As a physician-run company, we are able to understand and meet our clinicians' needs," said Equum Medical CEO Corey Scurlock, MD. "Combined with our approach of customizing offerings to meet the specific needs of our hospital system clients, Equum Medical is well positioned to become the preeminent player in the acute telehealth market."
Lauren Brueggen, a partner at Heritage Group, said the Nashville-based portfolio has a history of investing in telehealth companies, including MDLive, Vivity Health, AvaSure, and now Equum.
"Equum Medical's physician-led and partnership-driven approach is exactly what is needed to address physician imbalances across the healthcare system," she said. "We believe that Dr. Corey Scurlock and Dr. Brian Rosenfeld are two of the most renowned pioneers in the teleICU industry and we are thrilled to partner with them to build a dominant acute care telehealth company."
“Equum Medical's physician-led and partnership-driven approach is exactly what is needed to address physician imbalances across the healthcare system.”
Lauren Brueggen, Heritage Group
John Commins is the news editor for HealthLeaders.
KEY TAKEAWAYS
Equum will use the funds to expand its service model and broaden the reach of its clinical staff.
Nashville-based Heritage Group has a long history of investing in telehealth companies, including MDLive, Vivity Health, AvaSure, and now Equum.