The Challenge
Electronic Caregiver, a healthcare technology company focused on remote patient monitoring and virtual care, was experiencing rapid growth driven by the expansion of its platform and product rollout, including its Addison solution. As the company entered new markets and secured additional contracts, demand for its services accelerated significantly.
However, growth was outpacing available capital, with increased pressure from ongoing product development, sales expansion, and rollout costs. Without additional funding, the company risked slowing growth and limiting its ability to scale its platform rollout during a critical phase of expansion.
Our Solution
Electronic Caregiver partnered with EMC Financial to secure a flexible capital solution to support continued growth and platform expansion.
EMC provided a $7 million capital facility at a time when traditional lenders were unable to participate due to the company’s limited hard collateral and lack of accounts receivable. Instead, EMC underwrote the opportunity based on enterprise value and the strength of the company’s technology platform.
The structure was designed to be highly flexible, allowing the company to deploy capital across product development, sales expansion, and market rollout. EMC has continued to support the company as it scales, providing a capital partner aligned with its long-term growth strategy.
Measured Results
- Accelerated revenue growth driven by expanded product rollout and market penetration
- Successfully scaled platform deployment across new markets and contracts
- Continued operational and strategic support through an ongoing partnership with EMC Financial
- Maintained growth trajectory without disruption during a critical expansion phase
EMC Advantage
- ✔ Ability to underwrite based on enterprise value, not just hard collateral
- ✔ Flexible capital solutions for high-growth, non-asset-heavy businesses
- ✔ Ongoing partnership approach to support scaling companies
- ✔ Experience structuring capital for complex healthcare and technology models