AMC Health, a leading telehealth and remote patient monitoring (RPM) services provider, has received a substantial strategic growth investment from York Capital Management’s private equity group (York Private Equity).
Founded in 2002, AMC Health provides best-in-class virtual healthcare solutions to patients, caregivers, payers and providers, including to some of the world’s largest and most sophisticated home telehealth and RPM programs. AMC Health’s advanced remote patient care solutions are driven by data and technology to efficiently and cost-effectively improve at-risk patient outcomes.
“We are thrilled to have received this strategic investment from York, whose long-term vision makes them the ideal partner for us,” says Nesim Bildirici, AMC Health’s Chief Executive Officer and Founder. “York’s strategic financial and operational resources will help us further expand and enhance our state-of-the-art telehealth and virtual care technology solutions platforms.”
“Telehealth is a crucial part of the future of healthcare, and AMC Health is a clear leader in the RPM market. AMC Health stands out for its commitment to quality, extensive experience and proven skillset delivering best-in-class connectivity to patients and caregivers and high returns on investment to payers and providers,” says Zalmie Jacobs, Partner and Head of Private Equity at York. “We are determined to help AMC Health build on its past successes by scaling to meet customer demand, entering into new markets, forming strategic partnerships and executing on both organic growth and M&A.”
Seth Pearson, an experienced healthcare investor and a Managing Director at York, adds: “AMC Health’s appeal stems from its robust product suite incorporating advanced data analytics, machine learning, remote patient monitoring and clinical services. There is a considerable excitement around the possibilities for RPM, and AMC Health is uniquely positioned and skilled in a wide breadth of functional areas to capitalize on the opportunity. Having completed extensive market and company analysis, we are confident that our investment in AMC Health strongly aligns with our goal of backing healthcare businesses that reduce systemic costs and create opportunities for superior clinical outcomes.”
York’s investment is intended to bolster AMC Health’s continued growth in the highly attractive RPM market by supporting investments in product innovation, corporate infrastructure, and sales and marketing capabilities. In connection with the investment, Messrs Jacobs and Pearson will join AMC Health’s Board of Directors.
