CIBC Innovation Banking is pleased to announce a $15 million growth capital financing for AlayaCare. As demand for home care continues to rise, this debt facility will support the company’s strategic plan to increase its presence in North America and Australia.
AlayaCare provides data-driven, cloud-based home care software that delivers innovative caregiver solutions, such as simplified billing, remote patient monitoring and a mobile app. Backed by Inovia Capital, Caisse de Depot et placement du Quebec, and Investissement Quebec, the platform helps improve quality of care, optimize operations and enables agencies to deliver a client-centric experience.
“We are excited to work with AlayaCare,” said Eric Laflamme, Managing Director Quebec Region, CIBC Innovation Banking. “The platform helps patients receive care in the place they call home, while leveraging data insights to improve outcomes. The company’s growth over the last year makes it even more evident that there’s a need for remote caregiving solutions.”
“Our mission to help clients deliver better outcomes is more important than ever before, as health care systems around the world have had to adapt how they care for patients because of the pandemic,” said Adrian Schauer, CEO & Founder, AlayaCare. “With the support of CIBC Innovation Banking, we can accelerate our growth and innovation as the industry continues to evolve, and focus on delivering transformative technology for improved health outcomes.”
