VisuWell, formerly known as WeCounsel, announces the successful completion of a new round of funding slated for sales growth and market expansion of its telemedicine platform. An undisclosed amount was raised, led by insiders Longmeadow Capital (Longmeadow, MA), and Point Judith Capital (Boston, MA), among other participants.
Driven by rising costs and increasing demand, healthcare providers are experiencing a shift in how they are required to deliver care. These changes in the healthcare environment created a need for VisuWell’s virtual care platform, which is designed to optimize access and decrease the cost of care delivery.
VisuWell CEO Sam Johnson said, “Leading up to the American Telemedicine Association conference in early May, we are pleased to have the growth capital ready to take full advantage of new market opportunities that are increasingly presented to us. This capital will allow the company to acquire new business, service it at top levels and continue building innovations that our customers need to stay ahead of their own competitive curve.”
Point Judith Capital (PJC), known for its success with healthcare and technology products such as GetWellNetwork, Nest and Expensify, congratulated VisuWell on the completion of the raise. “We are increasingly optimistic about the momentum and success that VisuWell is experiencing,” said Mike Cunningham, principal for PJC. “It’s nice to see a fresh perspective on telemedicine that goes beyond just video visits. VisuWell’s innovations promise to be game changers in optimizing provider networks of all sizes.”
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