Hyde Park Capital announced that its client, VitalTech, a leading provider of comprehensive enterprise solutions across the care continuum that integrates virtual care coordination into existing workflows, has been acquired by CoachCare, a leading provider of remote patient monitoring and care management platforms. Hyde Park Capital served as the exclusive investment banker to VitalTech for this transaction.
This acquisition represents CoachCare’s eighth acquisition since 2023. Founded in 2019, VitalTech’s unique software and AI expertise compliments CoachCare’s existing suite of RPM, Chronic Care Management and other services.
“This strategic acquisition marks an exciting new chapter for VitalTech’s team and our expanding network of large health system clients. Over the past few years, we have built an innovative, AI-first platform designed to revolutionize virtual care. Joining forces with CoachCare allows us to further scale our solutions, expand payment models, and deliver even greater value to our existing and future clients. Together, we will enhance patient outcomes, empower healthcare providers, and shape the future of virtual care. We have long admired CoachCare’s vision and unwavering commitment to consolidating the virtual care market, and we are thrilled to become part of this rapidly growing company,” said Jeh Kazimi, CEO of VitalTech.
“Healthcare providers and payors increasingly look for exceptional solutions to America’s chronic condition epidemic. CoachCare continues to add capabilities and expertise to benefit more patients being treated for a number of varied conditions and further our mission to keep patients out of the hospital. VitalTech has demonstrated next-gen technical capabilities, and we are excited about what we can do together,” said Andrew Zengilowski, CEO and Co-Founder of CoachCare. Andrew also added, “we are thrilled to welcome Jeh Kazimi to the executive leadership team, as well as the talented VitalTech staff that has built a compelling product.”
Chris Fieschko, Managing Director at Hyde Park Capital, commented, “it has been a privilege to advise VitalTech throughout this process. In the rapidly evolving remote patient monitoring industry, VitalTech’s innovative solutions and expertise align seamlessly with CoachCare’s vision, creating an exciting opportunity for growth and expanded impact in this next chapter.”
Source – prnewswire
