Horizon Technology Finance, an affiliate of Monroe Capital, announced that on July 30, 2024 it provided a $35 million venture loan facility to Vesta Healthcare (aka Hometeam Technologies, Inc.), of which $25 million has been initially funded.

Vesta Healthcare is a tech-enabled clinical services company that integrates caregivers, patients, and the healthcare delivery system to monitor chronic conditions of high-risk patients, enhance their quality of life and improve their health outcomes. By reducing hospital admissions and emergency visits via 24/7 clinical support and advanced analytics, Vesta Healthcare ultimately helps minimize unnecessary care utilization, which leads to significant cost savings. Vesta Healthcare is backed by premier investors including RA Capital Management, Oak HC/FT, Chrysalis Ventures, Kaiser Permanente Ventures, Lux Capital and Deerfield Management. The company will use the loan proceeds for general growth and working capital purposes.

"Vesta Healthcare empowers tireless caregivers across the country with proprietary technology and around-the-clock telehealth support,” said Gerald A. Michaud, President of Horizon. “Through its health solutions, at-risk seniors receive personalized, proactive care comfortably at home, thereby reducing avoidable hospital visits and enhancing their overall quality of life. We are pleased to support Vesta Healthcare in its ongoing efforts to deliver value-based health programs and keep high-risk, high-need patients safely in their homes.”

“We are excited to have Horizon’s support, which further enhances our growth strategy and underscores our commitment to bettering the lives of seniors and their caregivers,” said Randy Klein, Chief Executive Officer of Vesta Healthcare. “By connecting support teams with critical caregiver insights and technology, we are transforming home-based healthcare and ensuring that our patients receive timely and personalized assistance.”