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eVisit closes USD45m in Series B funding round led by Goldman Sachs Asset Management

eVisit, a Virtual Care platform for large healthcare providers, has closed a USD45 million Series B financing round led by the Growth Equity business within Goldman Sachs Asset Management (Goldman Sachs), with participation from Texas Health Resources, Tom Burton and Steve Barlow (Co-founders of Health Catalyst), and existing insiders. 

eVisit will invest the capital to drive growth by building out its Virtual Care platform and scaling up its sales and marketing efforts.

The fundraise comes in the midst of eVisit’s rapid operational growth and staff expansion, driven by enterprise demand for its Virtual Care capabilities from large-scale Healthcare Organization (HCO) customers including Banner Health, Texas Health Resources Group, and Concentra. The Company’s end-to-end, HIPAA-compliant platform facilitates millions of virtual visits annually, connecting providers to patients and helping HCOs attract and retain patients, drive efficiencies, reduce costs and enhance patient outcomes. In an industry rapidly transitioning to a hybrid care model, eVisit is more than a technology platform with flexible workflows, a powerful integration layer, and sophisticated reporting and analytics, the firm also couples its leading platform with its Virtual Care Maturity Model™ that includes a benchmarking system and strategies to ensure customer success.

“We’re thrilled to partner with Goldman Sachs and other highly strategic capital partners as we execute on our next phase of growth,” says Bret Larsen, Co-founder and Chief Executive Officer, eVisit. “This successful round is a testament to the confidence we have built in our end-to-end technology platform, the immense potential embedded in our product roadmap, and our alignment with healthcare providers. We arm hospitals and health systems with the technology they need to compete in today’s increasingly dynamic market. We believe locally relevant healthcare, in which patients are served by the local healthcare infrastructure and providers that know them, is the best way to deliver holistic, preventative care at-scale.”

“Healthcare providers today are under immense pressure to modernise their practices, while also delivering high-quality care at lower costs,” says Chase Williams, a Vice President within Goldman Sachs Asset Management, who will join eVisit’s Board as part of the financing. “Against that backdrop, we expect Virtual Care to play a more fundamental role in facilitating greater access to quality healthcare and over the last 12 months, eVisit has seen rapid uptake. With their pure-tech approach and strong business model alignment with health system customers, we believe the Company is extremely well positioned to capture share, and we are excited to partner with them at this important stage in their lifecycle.”

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