Company makes Series B strategic investment to accelerate growth
CHICAGO–(BUSINESS WIRE)–Oct. 29, 2019– Global professional services firm Huron (NASDAQ: HURN) today announced the Company has entered into an exclusive partnership with Medically Home®Group, Inc., a healthcare technology-enabled services company. In addition to the partnership, Huron has made a strategic investment in Medically Home’s Series B financing to support Medically Home’s growth initiatives.
The partnership combines Huron’s and Medically Home’s strategic capabilities and extensive healthcare expertise to transform how care is delivered using innovative and cost-effective solutions to achieve improved health outcomes at a lower cost. Huron will be the exclusive implementation partner with Medically Home as the company pursues its rapid expansion with new clients.
“The healthcare industry is under continued pressure to redefine care delivery to improve health outcomes while improving quality and reducing costs,” said James H. Roth, chief executive officer of Huron. “Our partnership with Medically Home will provide our clients with a new way to achieve these strategic objectives and will further position us as the premier transformation partner to our clients.”
Medically Home’s unique and innovative model is a physician-led and nurse-powered Medical Command Center that provides centralized, on-demand acute medical care management in a home setting. Medically Home partners with health systems to safely shift advanced medical care from hospitals to patients’ homes by leveraging technology to deploy a network of clinicians, non-clinicians, equipment, medication and supplies to support and treat each individual patient.
“In the face of increasing market demand for the Medically Home model of care, we are very pleased to have Huron join our group of strategic partners and investors who are committed to scaling this model nation-wide and making it the standard of care for patients,” said Richard Rakowski, chief executive officer of Medically Home Group.
Other terms of the agreement were not disclosed. Read the full press release here.