TLDR:
- Horizon Technology Finance provided a $35 million venture loan facility to Vesta Healthcare.
- Vesta Healthcare integrates caregivers, patients, and the healthcare system to monitor chronic conditions and improve health outcomes.
Horizon Technology Finance Corporation announced a $35 million venture loan facility to Vesta Healthcare. $25 million has been initially funded to Vesta Healthcare, a tech-enabled clinical services company that focuses on monitoring chronic conditions of high-risk patients through integrating caregivers, patients, and the healthcare system. This integration aims to enhance the quality of life and improve health outcomes of patients. By providing 24/7 clinical support and advanced analytics, Vesta Healthcare helps reduce hospital admissions and emergency visits, leading to significant cost savings by minimizing unnecessary care utilization.
Vesta Healthcare, backed by premier investors including RA Capital Management, Oak HC/FT, Chrysalis Ventures, Kaiser Permanente Ventures, Lux Capital, and Deerfield Management, plans to use the loan proceeds for general growth and working capital purposes. Horizon’s President, Gerald A. Michaud, praised Vesta Healthcare’s efforts in providing personalized care and reducing avoidable hospital visits. Randy Klein, Chief Executive Officer of Vesta Healthcare, expressed excitement over Horizon’s support, highlighting their commitment to improving the lives of seniors and caregivers through transformative home-based healthcare solutions.
Horizon Technology Finance Corporation, managed by Horizon Technology Finance Management LLC, focuses on providing capital in the form of secured loans to venture capital-backed companies in various industries. The company’s investment objective is to maximize its return by generating current income from debt investments and capital appreciation from warrants. Monroe Capital, overseeing Horizon’s management, specializes in private credit markets across different strategies like direct lending, technology finance, venture debt, and others.
Vesta Healthcare is a leader in innovative home-based healthcare solutions, partnering with healthcare and community-based organizations to deliver comprehensive support for elderly patients and those with significant healthcare needs. The company uses proprietary technology to enhance care delivery and improve patient outcomes.
