CareWorx Raises $17 Million In Private Equity Funding

CareWorx recently closed a $1 million round of funding led by Kayne Partners, the company announced earlier this week. The company plans on using the funds to accelerate growth in the senior care market, expand services and security offerings, and finance acquisitions within the areas of managed services, senior care, and ServiceNow.

The company anticipates that the investments will help to expedite the process of fulfilling its goals by securing its leadership position in managed services and senior care. As part of the combined effort, Kayne Partners’ managing director, Leon Chen, also joined CareWorx’ board of directors.

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