SaaS Capital Portfolio Company, Health Recovery Solutions, Raises $70 million Series C
March 18, 2021
CINCINNATI & SEATTLE, March 18, 2021 – SaaS Capital, the leading provider of Committed Credit Facilities to SaaS companies, congratulates portfolio company Health Recovery Solutions (HRS) on its $70 million Series C funding round led by LLR Partners.
HRS, a leading provider of telehealth and remote patient monitoring solutions, had the following to say:
“HRS was founded on the belief that the most effective healthcare is engaging, timely, and accessible,” said Jarrett Bauer, co-founder and CEO of Health Recovery Solutions. “We are excited to execute on the vision of our clients by helping them deliver the best patient care possible with the most innovative telehealth solutions. Partnering with LLR gives us the opportunity to further enhance our focus on clinical enablement and product innovation, and to continue building incredible programs with our clients.”
The capital will support investments in infrastructure, product development, sales, and marketing, as well as liquidity for other early investors in HRS.
Additional details of the funding can be found here.
About Health Recovery Solutions
HRS empowers the nation’s largest providers and payers to deliver care to patients across the care continuum—reducing readmissions, optimizing clinician workflow, improving patient satisfaction, and decreasing costs, all while ensuring patients and clinical teams are always in communication. Ranked #1 by KLAS for Remote Patient Monitoring in 2020 and 2021, HRS’ mission is to create a new standard of care by providing advanced telehealth and remote patient monitoring solutions. Visit www.healthrecoverysolutions.com to learn more.
About SaaS Capital
SaaS Capital is the leading provider of growth debt designed explicitly for B2B SaaS companies. SaaS Capital’s growth debt is structured to provide a significant source of committed funding, deployment flexibility, and lower overall cost of capital, all while avoiding the loss of control associated with selling equity. SaaS Capital was the first to offer lending alternatives to SaaS businesses based on their future recurring revenue. Since 2007, SaaS Capital has deployed $209.5 million in growth debt to deliver better outcomes for 60+ clients, resulting in $753 million in total enterprise valuation created. Visit www.saas-capital.com to learn more.
Who Is SaaS Capital?
SaaS Capital® is the leading provider of long-term Credit Facilities to SaaS companies.Read More