Woundtech raises $40M

What does Woundtech do?

Woundtech, is a wound management tech company. It provides the top level and most cost effective managed woundcare, wherever the patient may be. This company provides comprehensive wound care through a tele health based platform, for medical group and health plan patients residing in private homes, assisted living facilities and skilled nursing. This company’s solution brings the wound care to the patient using their wound care specialists on the ground along with proprietary analytics and software and a telemedicine platform. The company’s focus on lower costs, improved outcomes and advanced data reporting has propelled its huge growth. This company’s podiatrists, physicians, physician assistants and nurse practitioners who use the company’s advanced treatment platforms.

How much Woundtech was funded?

Woundtech raised $40M in Series A on August 9, 2016 from Aldrich Capital Partners.

What is next for Woundtech?

The company plans to use the latest funding raised for fueling the company’s growth and expansion for providing wound care management, services and workflow SaaS solutions for healthcare providers and patients. This company provides wound management services to more than thirty five major health plans and more than 250 MSOs, large medical groups and independent practice associations representing more than 4 M insured patients in the U.S and Puerto Rico. The investment from Aldrich Capital Partners will help this company in expanding its rapidly growing footprint and adding additional related service lines. It will also help the company is focusing on healthcare system outside the country where wound care significantly drives costs and hospitalization.

More about Woundtech

Woundtech was founded in 1999. It has its headquarters in Hollywood, Florida. This company provides the most cost effective and hi-tech wound care, wherever the patient in present. This the country’s leading physician based provider wound care services. It save time and money.