Heritage Group has invested $20 million of growth equity in Equum Medical, a provider of acute care telehealth and teleICU services.
“The COVID-19 pandemic has placed an even greater strain on physicians, who already were suffering from burnout, as well as hospitals that are contending with shortages of intensivists. Equum Medical’s physician-led and partnership-driven approach is exactly what is needed to address physician imbalances across the healthcare system,” said Lauren Brueggen, partner at Heritage Group. “At Heritage, we have been fortunate to invest behind several notable telehealth companies, including MDLive, Vivify Health, AvaSure and now Equum Medical. We believe that Dr. Corey Scurlock and Dr. Brian Rosenfeld are two of the most renowned pioneers in the teleICU industry and we are thrilled to partner with them to build a dominant acute care telehealth company.”
“With a clear understanding of the acute care telehealth market and a growing multispecialty physician group, Equum Medical offers health systems and hospitals a single source for managing this rapidly growing field,” said Equum Medical CEO Corey Scurlock, “As a physician-run company, we are able to understand and meet our clinicians’ needs. Combined with our approach of customizing offerings to meet the specific needs of our hospital system clients, Equum Medical is well positioned to become the preeminent player in the acute telehealth market.”
“The Heritage team and their unique strategic investor model provide the most opportunistic partnership for a high-growth company like Equum Medical,” said Brian Rosenfeld, executive vice president at Equum Medical. “Heritage Group’s investment will enable us to grow rapidly and be a juggernaut in the acute care telehealth space.”