Current Health closes £9m Series A

Current Health the remote patient monitoring platform has raised £9 million in Series A funding.

The patient platform combines ICU- accurate wearable monitoring, precise early warning alerts and video visits with an aim to prevent illness.

Founded in Scotland in 2015 by CEO Christopher McCann and CTO Stewart Whiting, Current Health uses wearable and wireless vital signs monitoring, clinical indicators from an ecosystem of more than 50 integrations and symptoms collected via its patient engagement tools, to continuously track patient health trends. Leveraging proprietary machine learning algorithms, the company’s platform analyses this data to proactively detect illness and alert providers to high-risk patients so they can deliver healthcare earlier.

Today, 13 healthcare systems in the United States and United Kingdom, including Mount Sinai and Dartford & Gravesham NHS Trust, use Current Health to manage patient care. With the Current Health platform, customers have been able to shorten hospital stays, reduce hospital readmission rates, improve patient satisfaction and deliver better patient outcomes.

In the past 12 months the company revenues have grown more than 300%, its employee count has doubled and it has partnered with large pharmaceuticals.

Christopher McCan, CEO said “We’ve spent the last three years quietly and carefully building and testing our platform directly with healthcare providers. Now, with our platform FDA-cleared and through partnerships with some of the biggest healthcare providers and pharmaceutical companies in the world, we plan to scale our solution to better treat millions of lives over the next five years. By helping healthcare providers treat patients preventively and at the earliest point, we can play a key role in enabling sustainable, high-quality and universal healthcare delivery.”

Chris Knight, CEO, Legal & General Retail Retirement “Current Health is helping change the fundamentals of healthcare by expanding the accessibility and affordability of care through its patient management platform. We strongly believe in its mission and approach and are excited to partner with the company as it continues to scale its solution globally. Our investment in Current Health reinforces our commitment to provide innovative solutions to help improve personal well-being. It demonstrates our commitment to help people live longer, healthier, happier lives.”

As Current Health embarks on the next stage of its growth, it will open a U.S. headquarters in New York City.