Catapult Health Raises $10 Million in Series B Funding
Launches Strategic Partnership with UCHealth
DALLAS, Nov. 2, 2016 /PRNewswire/ -- Catapult Health, a national preventive healthcare practice that brings technology-enabled checkups to worksites across the country, announced the completion of a $10M Series B financing which includes a significant investment by a new partner, UCHealth. Catapult Health's existing investors also participated in the round, including founders Deborah and David Michel, Chief Technology Officer, Jeffrey O. Smith, Ph.D., and Series A investor Health Enterprise Partners. The company will use the funds to accelerate its rapid national customer growth and expand its team of board certified nurse practitioners who conduct Catapult's onsite health evaluations.
UCHealth is a nationally-recognized nonprofit system of seven hospitals and more than 100 clinics based in Colorado. Catapult will work closely with UCHealth to launch the company's service within the system's delivery network in 2017. "UCHealth's community wellness strategy is focused on working with employers and payers to keep people healthy in addition to caring for them when they have health concerns," said Bill Neff, UCHealth chief medical officer. "Catapult's concentration on preventive medicine and checkups delivered at worksites allows employers to reduce employee health risks and more effectively manage chronic disease."
Catapult has recently proven the effectiveness of its workplace checkup model. A four-year cohort analysis of annual checkup results from over 6,000 Catapult patients in 54 employer groups documented remarkable longitudinal results including a 66% drop in uncontrolled hypertension, a 22% drop in metabolic syndrome, and a 57% improvement in blood pressure medication use. David Michel, Catapult's founder and CEO remarked, "Catapult is best-in-the-world at delivering technology-enabled preventive checkups at the worksite. Our nurse practitioners who meet privately with employees via Catapult's videoconferencing platform are transforming lives for the better. This exciting new strategic partnership with UCHealth fits perfectly with our mission of empowering individuals to improve their health."
About Catapult Health
Catapult Health (www.CatapultHealth.com) is a national preventive healthcare practice that brings Preventive Checkups to the worksite at about half the cost of what most practices charge for in-office checkups. Each checkup includes lab-accurate diagnostic blood work, a full medical history, a tailored Personal Health Report and a private video consultation with a board certified Catapult Health Nurse Practitioner – all at the workplace and in just 30 minutes.
About UCHealth
UCHealth (www.uchealth.org) is a Front Range health system that delivers the highest quality patient care with the highest quality patient experience. UCHealth combines Memorial Hospital, Poudre Valley Hospital, Medical Center of the Rockies, Colorado Health Medical Group and University of Colorado Hospital into an organization dedicated to health and providing unmatched patient care in the Rocky Mountain West. Separately, these institutions can continue providing superior care to patients and service to the communities they serve. Together, they push the boundaries of medicine, attracting more research funding, hosting more clinical trials and improving health through innovation.
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SOURCE Catapult Health
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