AlayaCare, a Montreal company offering a client lifecycle management platform for home-based care, secured a $50 million growth capital facility from CIBC Innovation Banking. It will invest its latest financing in fueling continued growth through mergers and acquisitions.
The company provides home and community care software solutions for managing needs assessments, care plans, visit verification and more. Its tools encompass simplified billing, remote patient monitoring and a mobile app.
“We are excited to continue working with CIBC Innovation Banking as we accelerate AlayaCare’s growth and pursue new opportunities in the market,” Adrian Schauer, AlayaCare’s CEO, said in a statement. “This financing will enable us to further invest in our technology and expand our impact, helping care providers deliver better outcomes for their clients.”
