Key Highlights
- VitalConnect® raises $100 million in a mix of equity and debt financing.
- Equity financing led by Ally Bridge Group, with continued support from EW Healthcare Partners, MVM, and Revelation Partners.
- Trinity Capital provided debt financing to support growth initiatives.
- New board members: Steven Plachtyna (Ally Bridge Group) and Eric Shiozaki (Revelation Partners).
- Expansion of commercial reach and development of in-patient remote monitoring solutions.
Source: Business Wire
Notable Quotes
- “Four years after our commercial launch, VitalConnect has grown to be a leader in ambulatory cardiac monitoring.” – Peter Van Haur, CEO at VitalConnect
- “Ally Bridge Group is pleased to lead this financing to accelerate VitalConnect’s growth.” – Steven Plachtyna, Vice President at Ally Bridge Group
- “We’re excited to support VitalConnect and its innovative remote patient monitoring technology to enhance patient outcomes at a lower cost.” – Ryan Kaeding, Managing Director, Life Sciences at Trinity Capital
Why This Matters
VitalConnect’s $100 million funding will accelerate its leadership in ambulatory cardiac monitoring, ensuring more patients have access to life-saving, real-time monitoring technology. The financing supports commercial expansion and innovation in remote patient monitoring, reinforcing its impact in healthcare cost reduction and improved patient outcomes.
