Forcura Receives Significant Growth Investment From Accel-KKR
JACKSONVILLE, Fla., July 16, 2020 /PRNewswire/ -- Forcura, a healthcare technology company, today announced that it has secured a significant growth investment from Accel-KKR, a leading Silicon Valley-based technology-focused private equity firm.
Forcura's software platform empowers post-acute healthcare providers to deliver continuity of care through streamlined workflow, referral management, and data-driven communication solutions. The post-acute care industry is a growing and essential health and social service, accounting for more than $2.7 trillion of personal health care spending according to the American Hospital Association1.
"Well-coordinated care following discharge from an acute-care setting, such as a hospital or surgery center, plays a critical role in ensuring the patient's recovery and long-term health," said Craig Mandeville, CEO and Founder of Forcura. "But coordinating patient and treatment information between various stakeholders that provide the care can be slow, cumbersome and fraught with errors – especially at a time when the patient needs the very opposite response. This care coordination problem is what Forcura was created in 2012 to solve. After a successful eight years of helping our customers solve these critical care coordination challenges, today Forcura reached another important milestone with this partnership with Accel-KKR. With its capital backing and access to the firm's deep expertise in software, we can accelerate innovation, growth and expansion to the benefit of our clients and their patients' wellbeing."
"Forcura's commitment to being the industry standard communication platform and its current foothold in the home health and hospice sectors have positioned the company to capture a significant share of the post-acute care technology market," said Park Durrett, Managing Director of Accel-KKR. "Forcura has a terrific team culture, and Craig is a well-regarded leader in the industry – we are excited to work alongside the entire Forcura team to help take the company to the next level."
"Post-acute care continues to evolve to a patient-focused, highly integrated, and mobile-centric delivery model," said Cristi Covington, Vice President of Business Process Transformation of Amedisy, a leading national home health, hospice and personal care company. "Working with Forcura has provided us a competitive advantage through technology that optimizes resources, cash flow and patient outcomes. We congratulate Craig and the Forcura team on this milestone, and we look forward to continued innovations from this company."
Forcura joins Accel-KKR's portfolio of more than 50 companies that provide mission-critical software to enterprises all over the world, including other HCIT companies such as:
For Accel-KKR: Todd Fogarty, Kekst CNC, email@example.com
For Forcura: Kim Wick, KNB Communications, firstname.lastname@example.org
SOURCE Accel-KKR; Forcura
Utilizing Machine Learning to Predict Public Transportation Times