“People couldn t spell telehealth four years ago,” Mercadante said.
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Ed Mercadante
Now his company, MediTelecare of Middletown, is growing at an organic rate of 10% to 15% a month, month over month. Revenues grew over 80% in 2020 and eight to 10 new people are hired a month. It’s expanding services into three new states this quarter for a total of 21.
All this growth reflects increasing demand for the company’s main service: virtual mental health care for patients in skilled nursing and assisted living centers. The COVID-19 crisis has both boosted demand for MediTelecare’s core services and validated its delivery system.
Aware Recovery Care Announces Growth Investment from Health Enterprise Partners
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WALLINGFORD, Conn., Jan. 29, 2021 /PRNewswire/ Aware Recovery Care, a pioneer in the in-home addiction treatment space, today announced that it has raised a significant growth investment to support rapid expansion and increased access to high-quality, whole-person healthcare. Aware s In-Home Addiction Treatment (IHAT™) program is backed by a decade of experience delivering individualized, evidence-based treatment, as well as research showing that integrated medical and behavioral healthcare in the home setting enables lasting recovery.
The investment was led by Health Enterprise Partners (HEP), a growth equity firm whose investors include some of the largest health systems and health insurance plans in the United States. Aware selected HEP as its capital partner given the firm s deep relationships across the healthcare industry and experienc