USA – Local Infusion, a Nashville, TN-based provider of tech enabled infusion centers, raised $10M in Series A funding.
The round was led by Blisce with participation from Meridian Street Capital and existing investors. The company intends to use the funds to expand its footprint further in the Northeast U.S. with 16 additional centers in 4 new states, hire key leadership positions across operations, payor partnerships, strategic finance, business development and marketing, and invest in proprietary machine learning technologies to power referral and care coordination.Led by Woody Baum, Founder and CEO, Local Infusion offers infusion centers that feature private suites with amenities including WiFi, TV and extra seating for guests. Beyond private suites, the centers feature dedicated infusion guide to assist patients with scheduling and financial guidance, flexible hours, convenient parking, etc. Care is provided by on-site nurse practitioners and RNs. The company has grown rapidly in the last year, from opening its first center last December to now operating 4 locations across Maine and New Hampshire. It is an infusion therapy provider for over 220 physicians in the Northeast, and has entered into partnerships with a number of payors and employers covering more than 1.3 million lives. Additionally, Local Infusion works closely with primary care groups to provide care coordination and lower the overall cost of care for at-risk entities. 30/11/2023
