SEMCAP Health Continues Strategic Investment in SafeRide Health and Secures Memorial Hermann Health System Co-Investment
PHILADELPHIA, Nov. 02, 2023 (GLOBE NEWSWIRE) -- SEMCAP Health announces its continued support of portfolio company, SafeRide Health , with participation in the company’s recently announced Series C funding.
- PHILADELPHIA, Nov. 02, 2023 (GLOBE NEWSWIRE) -- SEMCAP Health announces its continued support of portfolio company, SafeRide Health , with participation in the company’s recently announced Series C funding.
- This follows SEMCAP Health’s November 2021 initial investment in SafeRide Health, the leading network optimization platform for Non-Emergency Medical Transportation (NEMT).
- SafeRide Health’s ability to improve member experience and reduce costs for Medicaid and Medicare Advantage beneficiaries also attracted a strategic investment from Memorial Hermann Health System in this latest round.
- “We invited Memorial Hermann to co-invest alongside us as we recognize the strategic value of SafeRide Health’s technology for health systems and payors who wish to seamlessly integrate transportation into the patient journey while improving efficiency,” said Vic Kats, managing partner of SEMCAP Health.