SAN ANTONIO, Texas--(BUSINESS WIRE)--SafeRide Health, the leading technology-first platform connecting patients to life sustaining care, announced today the close of their Series B. SafeRide’s Series B is led by Sands Capital, a global asset manager with over $80 billion under management, with additional participation from new investors Seminal Capital, Hill City Capital, Fry’s Path Capital and Primetime Partners, as well as existing investors Fresenius Medical Ventures, Bonfire Ventures and Meridian Street Capital.
The funding continues SafeRide’s disruption of the $10+ billion Non-Emergency Medical Transportation (NEMT) market, deepens core market presence and advances technology-first solutions which remove barriers to care. Specifically, the funding advances member experience, customer empowerment, automation and data powered innovation. Investment expands hiring and development of a world class team.
“Helping a loved one navigate chronic care - dialysis, chemotherapy or opioid recovery is incredibly challenging. NEMT is a lifeline to at-risk communities” said Robbins Schrader, CEO and co-founder of SafeRide Health, “Yet the industry is entrenched in a call center based model that’s expensive, a challenging member experience and ineffective. We’re thrilled to partner with the nation's leading healthcare organizations to deliver a patient first, technology enabled solution.”
“SafeRide’s comprehensive end-to-end technology platform enables healthcare plans and providers to fully outsource transportation benefits for members, making it easier to receive treatment” said Michael Graninger, Partner at Sands Capital. “SafeRide’s technology integrates the healthcare ecosystem and empower payors, providers, fleet operators, and critically the member, access to care.”
ABOUT SAFERIDE HEALTH
SafeRide Health is a technology and services company dedicated to reducing barriers to care by improving the delivery of non-emergency medical transportation to people across America. SafeRide Health leverages proprietary technology, and a nationwide network of vetted transportation providers, to give payers and health systems a more intelligent way to deliver cost-effective, on-demand transportation while improving the patient experience. SafeRide serves the largest Medicare, Medicaid and provider programs in the country.
ABOUT SANDS CAPITAL
Sands Capital is an active, long-term investor in leading innovative businesses globally. Their approach combines analytical rigor and creative thinking to identify high-quality growth businesses that are creating the future. Through an integrated investment platform spanning venture capital, private growth equity and public growth equity, they provide growth capital solutions to institutions and fund sponsors in more than 40 countries. Sands Capital is an independent, staff-owned firm founded in 1992 with offices in the Washington, D.C. area, San Francisco, London, and Singapore.