MONTREAL–(BUSINESS WIRE)–CIBC Innovation Banking is happy to announce a $15 million progress capital financing for AlayaCare. As demand for dwelling care continues to rise, this debt facility will help the corporate’s strategic plan to extend its presence in North America and Australia.
AlayaCare offers data-driven, cloud-based dwelling care software program that delivers revolutionary caregiver options, reminiscent of simplified billing, distant affected person monitoring and a cell app. Backed by Inovia Capital, Caisse de Depot et placement du Quebec, and Investissement Quebec, the platform helps enhance high quality of care, optimize operations and permits businesses to ship a client-centric expertise.
“We’re excited to work with AlayaCare,” stated Eric Laflamme, Managing Director Quebec Area, CIBC Innovation Banking. “The platform helps patients receive care in the place they call home, while leveraging data insights to improve outcomes. The company’s growth over the last year makes it even more evident that there’s a need for remote caregiving solutions.”
“Our mission to help clients deliver better outcomes is more important than ever before, as health care systems around the world have had to adapt how they care for patients because of the pandemic,” stated Adrian Schauer, CEO & Founder, AlayaCare. “With the support of CIBC Innovation Banking, we can accelerate our growth and innovation as the industry continues to evolve, and focus on delivering transformative technology for improved health outcomes.”
About CIBC Innovation Banking
CIBC Innovation Banking delivers strategic recommendation, cash administration and funding to North American innovation corporations at every stage of their enterprise cycle, from begin as much as IPO and past. With workplaces in Atlanta, Austin, Chicago, Denver, Menlo Park, Montreal, Reston, Toronto and Vancouver, the workforce has in depth expertise and a robust, collaborative method that extends throughout CIBC’s industrial banking and capital markets companies within the U.S. and Canada.
About AlayaCare Inc.
AlayaCare’s distinctive platform provides an entire know-how answer to handle the complete shopper lifecycle together with referrals and consumption, scheduling, coordination, shopper well being data, medical documentation, care employee administration, billing and payroll, reporting, distant affected person monitoring, and a cell caregiver app in a single built-in, extremely strong and safe, cloud-based system. AlayaCare is offering the platform for dwelling and group care organizations to propel in direction of innovation and residential care of the long run. AlayaCare was based in 2014.