Limber Health Inc announces the closing of an oversubscribed $11 million Series A investment.
The round was led by Blue Venture Fund, a collaboration among 34 Blue Cross and Blue Shield (BCBS) plans and special purpose licensees, the Blue Cross Blue Shield Association (BCBSA) and Sandbox, with participation from Glenview Capital. In connection with the financing, Dr. Emir Sandhu, Managing Director at Blue Venture Fund, and Ankit Chadha, Principal at Glenview Capital, have joined Limber Health’s Board of Directors.
Founded in 2019, Limber partners with provider groups to offer a hybrid in-person and digital approach to musculoskeletal (MSK) care through its digital home exercise therapy, remote therapeutic monitoring (RTM), data analytics, and care navigation platform. Limber works with providers, payors, and employers to deliver patient-centered digital care solutions, improving access and adherence to evidence-based MSK care.
“Limber Health is proud to announce our Series A with the world-renowned healthcare investment teams at Blue Venture Fund and Glenview Capital,” said Michael Gruner, Co-Founder and Chief Executive Officer at Limber Health. “As MSK continues to be a leading cost driver in healthcare, we see a gap in the market for solutions driving real impact on reducing unnecessary costs. Both digital and in-clinic services are fundamental to maximize impact on patient outcomes and total episode costs, and we are focused on building the leading platform for delivery of hybrid MSK care. With the financing, we look forward to further enhancing our platform and growing our provider and payer partnerships.”
Unlike other digital MSK solutions, Limber focuses on partnering with provider groups, empowering in-clinic providers to deliver a hybrid approach to care. Limber has also developed innovative value-based care models in close partnership with providers and payors.
“MSK continues to be a top focus area for payers and we are excited to partner with Limber Health to address one of the most important problems in healthcare,” said Dr. Emir Sandhu. “We have strong conviction in Limber’s innovative hybrid care model, which has demonstrated exceptional outcomes, and the team has built a robust network of provider partnerships nationwide.”
Limber will use the new financing to continue to expand and innovate its musculoskeletal platform and services.