Sandata Secures Significant Growth Equity Investment from Accel-KKR
Sandata Technologies, LLC, a provider of Electronic Visit Verification (EVV) and home health technology solutions, announced on July 24, 2019, that it has secured a significant growth equity investment from Accel-KKR, a leading Silicon Valley-based investment firm.
[This partnership, according to Tom Underwood, Sandata’s CEO, is important. He says:]
“The home care market in the US is growing rapidly and is on a path to become a strategic component of the overall health delivery network. Sandata is focused on providing innovative solutions to our customers who serve this market including State Payers, MCOs and Providers. We could not be more excited to partner with Accel-KKR and leverage the firm’s experience and resources to help Sandata continue to execute on our vision and deliver value to our customers.”
[On the very same wavelength, Accel-KKR’s managing director Park Durrett says:] “We are excited to work with Sandata to accelerate the company’s journey…of Sandata’s market leading solutions have supported stakeholders in the home care industry for nearly forty years. We look forward to working hand-in-hand with management on this next phase of growth.” And, adds Andrew Abella, Vice President at Accel-KKR:
“As the EVV and broader homecare markets continue to evolve rapidly, we will invest in continued product innovation and customer support so that Sandata is best positioned to serve its customers.”
Company details are provided about Sandata Technologies, LLC, and about Accel-KKR (an investment firm with over $7.5 billion in capital commitments, and which focuses on software and IT-enabled businesses.
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A second item noted in this article is that its new leadership team will support its move into the U.S. home healthcare market. These new team players are: Patrick Charbonneau, Vice President of Product; and Neil Grunberg, Vice President of Strategy and Corporate Development.
Neil Grunberg, a member of AlayaCare’s founding team, now assumes the role of Vice President of Strategy and Corporate Development. He will help map AlayaCare’s market strategy, determine next steps for the company’s product development and partnerships, and identify, execute and integrate future acquisitions.” It’s also noted that he will help the company “execute its long-term strategic plan and continue its recent expansion efforts. AlayaCare now has over 200 employees and has attracted $50+ million in growth capital since its launch in 2014.”
A company news release stated that these senior team changes will help AlayaCare execute its long-term strategic plan and continue its recent expansion efforts. AlayaCare now has over 200 employees and has attracted $50+ million in growth capital since its launch in 2014.
Company details are provided about AlayaCare.
©2019 by Rowan Consulting Associates, Inc., Colorado Springs, CO. All rights reserved. This article originally appeared in Tim Rowan’s Home Care Technology Report. homecaretechreport.com One copy may be printed for personal use; further reproduction by permission only. editor@homecaretechreport.com