LA-Based Aligned TeleHealth Raises $12 Million Series A
Aligned TeleHealth, Inc., a telemedicine solution provider, announced today that it has raised $12 million in Series A financing, led by SV Life Sciences (SVLS), a healthcare venture capital firm. Deepak Chopra, the widely known speaker and influencer on mind and body health, also participated in the investment and is a member of Aligned’s board of directors.
Based in Calabasas, CA, Aligned TeleHealth offers a full suite of telehealth solutions that allow healthcare professionals to provide patient care remotely via interactive, real-time telecommunications technologies. According to the company’s funding announcement, patient encounters with Aligned TeleHealth’s telemedicine services have reached 120,000, almost doubling from a year ago.
“Aligned TeleHealth is experiencing rapid growth for its telemedicine services, helping reduce wait times for patients, improve patient outcomes and lower costs in both acute and post-acute settings,” said Michael Balmuth, Partner of SVLS. “Our investment will help Aligned TeleHealth continue to scale their solutions to become a leader in telemedicine and hospital services.”
Added Nitin Nanda, M.D., chairman and chief executive officer of Aligned TeleHealth, “This funding will allow us to further expand our solutions among providers throughout the U.S. as more physicians and facilities turn to our high-quality, easily deployable telemedicine solutions.”