Westwood & Wilshire Client, Cadence, Launches with $41M and LifePoint Health Partnership

On Friday August 5, Cadence announced itself publicly for the first time, along with $41M in funding. The telehealth startup introduced its platform, which aims to manage chronic conditions through remote care, both at home and at scale. General Catalyst, Thrive Capital and Martin Ventures led the Series A round, with help from Adam Boehler and Chelsea Clinton’s venture capital firms. In tandem with the launch, Cadence inked a partnership with the national healthcare company LifePoint Health.

This announcement came just before Westwood & Wilshire’s official placement of Susan Mackin as the Head of Care Delivery at Cadence. We are so excited to see such a successful launch and exciting partnership for one of our clients. The world of telehealth is expanding regularly and Cadence is leading the tide change for remote health in America, especially when over half of the country reports having at least one chronic condition.

“With care expanding outside of the hospital and into the home, Cadence is assuring the management of chronic conditions is a simple, empowering, everyday event for our patients,” Chris Altchek, CEO and Founder of Cadence, said in a press release with LifePoint. "Better data and expanded clinical support will give more patients access to world-class care, no matter where they are."

Cadence’s platform offers remote patient monitoring, which allows clinicians to check in on patients remotely, as well as send personalized feedback through messages and video visits. The partnership with LifePoint Health will be used to deliver remote care to over 100,000 patients.

At Westwood & Wilshire, we are thrilled to see Cadence’s launch, and anxious to see where the company goes next.