Virtual specialty care platform Summus has raised $19.5 million in funding, bringing its total raise to $70 million. The New York-based company offers a virtual care platform focused on specialty care, giving employers, health plans, hospitals and medical groups access to a network of specialists. The funds will be used to increase the company’s growth and innovation. Last year, Summus received a strategic investment of $22 million from the Glenstone Foundation and Mitchell Rails, co-founder and chairman of the executive board of the Danaher Corporation.
Healthy aging platform Bold also secured funding, raising $17 million in a Series A round led by Rethink Impact. This brings his total to $27 million. Bold Partners with Medicare plans and providers to offer virtual exercise programs aimed at preventing falls, increasing physical activity, and reducing musculoskeletal pain and disability. The funds will be used to expand Bold’s practice offerings and support its expansion with national and regional provider groups and Medicare plans. Jenny Abramson, founder and managing partner of Rethink Impact, will join Bold’s board of directors.
Abramson praised Bold for his innovative approach to preventive health care for seniors. She highlighted the importance of innovative, evidence-based solutions like Bold as the nation’s population continues to age and Medicare costs rise. Abramson believes Bold’s approach will drive value throughout the health care system, benefiting members, providers and payers alike.