eVisit Raises $45 Million for Telehealth Platform

eVisit, a virtual care platform for large healthcare providers, closed a $45 million Series B financing round led by the Growth Equity business within Goldman Sachs Asset Management (Goldman Sachs).

Texas Health Resources and Health Catalyst Co-founders Tom Burton and Steve Barlow participated in the round.

The company, which helps health systems operate virtual care programs through its platform, plans to invest the latest funds to build out its virtual care platform and scale up its sales and marketing efforts.

eVisit provides virtual care platform for health systems that they can use to offer telehealth and other remote care services. The company helps its clients operate telehealth programs to drive health equity, improve patient outcomes and population health, drive clinical, operational efficiencies, and reduce healthcare costs. The company’s current customers include Banner Health, Texas Health Resources, and Concentra.

Including the latest funding round, eVisit has raised $75 million to date.

“Healthcare providers today are under immense pressure to modernize their practices while also delivering high-quality care at lower costs,” said Chase Williams, a Vice President within Goldman Sachs Asset Management, who will join eVisit’s Board as part of the financing.

“Against that backdrop, we expect Virtual Care to play a more fundamental role in facilitating greater access to quality healthcare, and over the last 12 months, eVisit has seen rapid uptake. With their pure-tech approach and strong business model alignment with health system customers, we believe the company is extremely well-positioned to capture share, and we are excited to partner with them at this important stage in their lifecycle.”

Telehealth companies raised a record $5 billion in 1H 2021, a 150% increase year-over-year compared to $2 billion raised in 1H 2020, according to the recently released Mercom’s 1H 2021 Digital Health Funding and M&A Report.