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Venture Capital News: CareConnectMD Nabs $25M

2022-07-05
COSTA MESA, CA, CareConnectMD today announced the close of a $25 million financing round.
CareConnectMD (CCMD), provider of primary care and care coordination services tailored to meet the needs of complex Medicare participants, today announced the close of a $25 million financing round led by Minneapolis-based TT Capital Partners (TTCP). CareConnectMD will leverage the investment to deepen its presence in California, Ohio and Texas and expand into other markets-and to enhance its technology platform to scale and streamline care delivery.

CareConnectMD provides personalized and compassionate medical care for fragile and medically complex patients in skilled nursing and long-term care facilities, as well as in the home. The company's high-needs Direct Contracting Entity (DCE) is one of only eight high-needs DCEs in the first cohort of the program announced by CMS. Through the DCE, the company enables original Medicare providers to enter into value-based arrangements, aligning incentives across all healthcare constituents to provide the best care possible. The company's highest priority remains ensuring that patients receive the right care at the right time, through improved communication, better coordination, and compassionate care. Helping patients live their best life.
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