TapestryCare, a Connecticut based technology-enabled healthcare services company, has announced the completion of a Series A investment round that will support a 100-facility national expansion by 2021.
Tapestry employs a combination of telemedicine technology and high-touch clinical services in providing on-site medical care for skilled nursing facilities.
“Technology is too often used to replace human interactions,” said geriatrician David Chess, CEO and chief medical officer for TapestryCare. “We see things very differently. We use technology to bring our clinicians to the patient’s bedside to deepen the personal relationships between the physician, the patient and the facility staff. This clinically respectful approach changes the quality and dignity of peoples’ lives.”
Tapestry, which launched in rural skilled nursing facilities, now contracts with more than 85 facilities in 17 states. The company will work with investment round leader Sopris to further expand its geographic footprint and to its clinical lineup.
“TapestryCare has everything we look for in a company — extremely capable leadership, proven and unique product offerings, the ability to meet the needs of a large and growing market and, most important, a compelling value proposition both to facilities and their patients,” said Abinav Sankar, partner at Sopris Capital and new board member at TapestryCare. “Every nursing home facility needs a solution like this.”
TapestryCare’s medical practitioners represent a broad range of disciplines providing critical access to specialists.
“Our medical professionals and specialists utilize our advanced technology to make daily rounds at the facilities we support,” said Tapestry co-founder Mordy Eisenberg. “They get to know the patients, their families and the local nursing staff, which leads to a comfort level and reliability that no traditional telemedicine company can offer.”
