Louisville, Kentucky-based Edumedics recently completed a $9.5 million round of Series A financing. Additionally, the company rebranded as SentryHealth, in addition to naming Bruce Lunsford as the new chairman of its board of managers.
The funding—led by Lunsford Capital, LLC—will be used to accelerate SentryHealth’s expansion into states beyond its core populations in the Midwest, according to statements from the company’s CEO. Specifically, SentryHealth’s services help workplaces to deliver care on the behalf of employers, with the goal of improving care for employees while reducing health care costs. These services particularly target those with chronic diseases, who make up as much as 75% of employers’ medical costs.
SentryHealth’s mission is to improve the health of employees and covered dependents while reducing medical, pharmacy, and disability costs for their employers. SentryHealth’s onsite employee health services feature a lower-cost care delivery model led by highly trained mid-level practitioners.
This was reported by BusinessWire on July 10, 2018.