The Technology and Healthcare teams advised Flare Capital in its investment in Hospital for Special Surgery’s (HSS) $21 million Series A fundraising round to launch RightMove Powered by HSS. The round will be used to build out RightMove's technology platform and create a nationwide network of specialty-trained physical therapists.
This latest transaction reflects a trend of increasing collaboration among venture capital investors and hospitals and health systems to launch new healthcare companies.
Flare Capital strives to help build significant healthcare technology, digital health, and healthcare services companies to improve health outcomes and broaden access while lowering costs of care.
HSS is a leading academic medical center focused on musculoskeletal health.
RightMove is an independent for-profit company, whose mission is to make high quality, patient-focused virtual musculoskeletal physical therapy available to all Americans.
For more details, read the press release.