Horizon Technology Finance, an affiliate of Monroe Capital, provided a $35 million venture loan facility to Vesta Healthcare (a.k.a. Hometeam Technologies), of which $25 million has been initially funded. 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,” Gerald A. Michaud, president of Horizon Technology, said. “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,” Randy Klein, CEO of Vesta Healthcare, said. “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.”
