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SaaS Capital Portfolio Company, Health Recovery Solutions, Secures $10 Million in Funding

September 12, 2019

SaaS Capital Growth FundingCINCINNATI & SEATTLE, September 12, 2019 – SaaS Capital, the leading provider of growth debt designed explicitly for SaaS companies, congratulates portfolio company Health Recovery Solutions (HRS) on its $10 million in equity growth financing led by Edison Partners.

HRS, which received $3 million in growth debt funding from SaaS Capital in October 2018, noted the following in their announcement:

Over the past year, HRS has seen 75% year-over-year growth and expanded its product line to provide patients, clinicians, and caregivers with a three-tiered approach to patient care. The company was listed on the 2019 Inc. 5000 list of America’s fastest-growing private companies.

“Hospital readmissions cost the U.S. $41 billion annually as chronic disease management continues to challenge the healthcare system. Our platform is a fundamental tool for reducing the cost of care and readmissions,” said Jarrett Bauer, co-founder and CEO, HRS. “Edison Partners brings a wealth of expertise in healthcare technology, and we look forward to their leadership as we accelerate the development of new products and services. Our long-term ambition is to positively impact and reduce readmission rates for millions of patients, and with the help of Edison Partners, we are now one step closer to this goal.”

HRS has gained national attention for its clinical success in reducing hospital readmissions and commitment to improving outcomes for both patients and health systems. The platform comprises tablet-based patient monitoring software and a web portal for clinicians to effectively view and manage patient data. The company also provides patient support and logistics management.

About Health Recovery Solutions

Health Recovery Solutions (HRS) supplies leading home care agencies with the most advanced remote monitoring platform focused on changing patient behavior to reduce readmissions and improve clinical outcomes. HRS’ disease-specific engagement kits are customized with educational video, care plans, and medication reminders while integrated with Bluetooth peripherals to engage clients. For clinicians, HRS’ software allows for the management of high-risk clients and provides seamless communication with them through video chat, wound imaging, and text messaging. For family members and caregivers, HRS’ software gives them the ability to be fully involved in their family member’s care and well-being. 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, delivering better outcomes for 60+ SaaS companies. SaaS Capital has offices in Cincinnati and Seattle. Visit www.saas-capital.com to learn more.

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