FOR IMMEDIATE RELEASE
SALT LAKE CITY, UTAH – May 24, 2016 – SilverVue®, provider of patient transitional care technologies, announced today an institutional financing round led by Pritzker Group Venture Capital and GE Ventures. Other participants in the round include Epic Ventures.
SilverVue’s patient choice platform called SilverSearch is used in hospitals to help patients choose their post-acute care provider based on CMS ratings, zip codes and insurance plans. Patients can now easily select service providers on SilverVue-provided tablets based on the specialized care they need as they leave the hospital, such as long-term acute care, inpatient rehabilitation, skilled nursing or home health services. The platform is simple for both patients and case managers to use, ultimately improving the patient’s experience and increasing their engagement when transitioning out of the hospital, even as it reduces costs.
“Empowering patients to make more informed decisions about their medical care is more than our business, it’s our passion,” said Will West, CEO and founder of SilverVue. “Hundreds of healthcare providers have recognized the need for educating and equipping patients with information about accessible, high quality care – and as a result – hospitals throughout the U.S. are choosing SilverVue. Together with our premier group of healthcare investors, we are committed to improving outcomes for patients.”
“SilverVue’s proven results in improving the quality of patient care is a great example of the types of transformative companies into which we invest,” said Adam Koopersmith, partner, Pritzker Group Venture Capital. “Infusing innovative solutions with technology is our strength and a driving force in our business. We look forward to growing a great business together.”
Noah Lewis, Managing Partner at GE Ventures, added, “We’re enthusiastic with not only how SilverVue is currently serving hospitals and post-acute providers, but also how they will help patients access other technology services. We are excited to back this team of serial entrepreneurs as they work to continually improve patient engagement and the quality of healthcare.”
For more information, please visit silvervue.com.
SilverVue is an innovative healthcare software company led by experienced technology entrepreneurs with a proven track-record of success. The Company leverages technology to solve healthcare challenges and has developed a technology platform to reduce healthcare costs while improving outcomes and increasing patient satisfaction.
About Pritzker Group Venture Capital
Pritzker Group, led by Tony and J.B. Pritzker, has three principal investment teams: Private Capital, which acquires and operates leading North America-based companies; Venture Capital, which provides multi-stage venture funding to technology companies throughout the United States; and Asset Management, which partners with top-performing investment managers across global public markets.
Pritzker Group Venture Capital helps entrepreneurs build market-leading technology companies at every stage of their growth. Since its founding in 1996, the firm has worked side-by-side with entrepreneurs at more than 150 companies, building partnerships based on trust and integrity. The firm’s proprietary capital structure allows for tremendous flexibility, and its experienced team of investment professionals and entrepreneurs offers companies a vast network of strategic relationships and guidance. Successful exits in recent years include Fleetmatics (NYSE: FLTX), SinglePlatform (acquired by Constant Contact), Zinch (acquired by Chegg), Playdom (acquired by Disney), LeftHand Networks (acquired by Hewlett-Packard), TicketsNow (acquired by Ticketmaster), and Cleversafe (acquired by IBM). For more information, visit pritzkergroup.com.
About GE Ventures
GE Ventures identifies, scales and accelerates ideas that will help make the world work better. Focused on the areas of software, advanced manufacturing, energy and health care, GE Ventures combines equity investing, new business creation, licensing and technology transfer to deliver an innovation platform designed to drive growth for partners and GE. For more information, visit geventures.com, or follow on Twitter (@GE_Ventures) and LinkedIn.
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For SilverVue, Inc.:
Vaughn Marie Gouff
Director of Marketing & Public Relations
For GE Ventures:
External Communications Director
SilverVue® and SilverSearch™ trademarks are owned by SilverVue, Inc.