# Caremerge

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/caremerge

- Industry: Healthcare IT
- Headquarters: Chicago, US
- Website: www.caremerge.com
- Total disclosed funding: $6.1M
- Latest round: Series A (Jan 6, 2015)
- Investors on record: 6

## About

Caremerge, Inc. develops electronic health record (EHR) and engagement solutions specifically designed for the senior living industry, enhancing communication between residents, families, and care staff.Founded in 2010 in Chicago, US, Caremerge, Inc. focuses on providing health record and engagement solutions for senior living communities. The company’s founders are Asif Khan and Fahad Aziz, with Nancy Koenig serving as the CEO. Caremerge has raised a total of USD 5.19 mn, with the latest funding round amounting to USD 5.19 mn.Caremerge specializes in providing comprehensive electronic health record (EHR) and engagement solutions tailored specifically for the senior living industry. Their core offerings include a resident engagement platform, family communication tools, and electronic medication administration record (eMAR) solutions, which enhance communication and coordination among residents, families, and care staff. These products facilitate real-time updates and interaction, thereby improving the overall quality of care and engagement within communities. The flagship product, the Senior Living EHR, was released in version 1.0 on May 18, 2022, and complies with the ONC Certification Criteria for Health IT, meeting rigorous health information standards. Caremerge's solutions are utilized across various geographical markets, including over 44 states in the U.S. and Canada, serving a diverse client base of more than 550 senior living communities and their residents, family members, and staff.Caremerge operates on a subscription-based revenue model, primarily serving B2B clients within the senior living sector. The company generates revenue through partnerships with senior living operators who integrate Caremerge’s EHR and engagement solutions into their facilities. These transactional relationships involve customized pricing plans based on the specific needs of the communities, encompassing costs associated with onboarding, licensing, and ongoing support for their software products. While exact pricing details are not disclosed, these subscription plans include comprehensive features offered by their flagship Senior Living EHR and other related services tailored to enhance operational efficiency for assisted living and memory care communities.Caremerge plans to expand its product offerings and geographic reach by developing new solutions that cater to emerging needs within the senior living space. Recent funding will support these initiatives, particularly as the company aims to enhance its technology platform and further penetrate markets in both the U.S. and Canada. The acquisition by Echo Health Ventures indicates a strategic direction towards greater investment in product innovation and market expansion.

## Funding rounds

- Series A, Jan 6, 2015, $4M — GE Capital, Equity, Arsenal Growth, Cambia Health Solutions, The Longevity Fund, Generator Ventures
- Series A, Jul 11, 2013, $2.1M — GE Capital, Equity, StartUp Health

## Investors

- GE Capital, Equity (https://capitalatlas.ai/funds/ge-capital-equity) — Series A
- StartUp Health (https://capitalatlas.ai/funds/startup-health) — Series A
- Arsenal Growth (https://capitalatlas.ai/funds/arsenal-growth) — Series A
- Cambia Health Solutions — Series A
- The Longevity Fund (https://capitalatlas.ai/funds/the-longevity-fund) — Series A
- Generator Ventures (https://capitalatlas.ai/funds/generator-ventures) — Series A