hellocare.ai Raises $47M to Revolutionize Hospital Room Technology
Deal News | Apr 15, 2025 | HealthQuest Capital Management
hellocare.ai, a company focused on transforming hospital rooms into smart, connected care environments through AI-assisted virtual care, has secured $47 million in funding. Already operational in over 70 health systems, hellocare.ai aims to replace fragmented point solutions and provide substantial ROI. A significant rollout is planned across AdventHealth, which will implement the technology in over 50 hospitals and more than 13,000 patient rooms. The investment round is backed by HealthQuest Capital Management and includes strategic investors such as Bon Secours Mercy Health and UCHealth, both actively deploying the platform. This partnership aims to enhance patient experience, streamline clinical workflows, and optimize operational efficiency, aligning hellocare.ai's innovation with modern health systems' needs. The initiative is seen as a step forward in digital health transformation, focusing on improving safety, reducing readmissions, and optimizing care.
Sectors
- Digital Health
- Healthcare Services
- Private Equity & Venture Capital
Geography
- United States – The participating healthcare systems and the private equity firm involved with hellocare.ai are based in the United States.
Industry
- Digital Health – The article discusses hellocare.ai, a company in the digital health sector, focusing on AI-assisted virtual care and smart hospital room technology.
- Healthcare Services – The involvement of hospital systems like AdventHealth, Bon Secours Mercy Health, and UCHealth indicates the relevance to the healthcare services industry.
- Private Equity & Venture Capital – HealthQuest Capital Management, a private equity firm, is mentioned as providing the funding for hellocare.ai.
Financials
- $47M – The total funding raised by hellocare.ai to expand their AI-assisted care technology.
Participants
Name | Role | Type | Description |
---|---|---|---|
hellocare.ai | Target Company | Company | A company providing AI-assisted virtual care to create smart hospital rooms. |
HealthQuest Capital Management | Investor | Company | A private equity firm providing funding to hellocare.ai. |
AdventHealth | Customer | Company | A health system implementing hellocare.ai across its network of hospitals. |
Bon Secours Mercy Health | Investor and Customer | Company | A healthcare system investing in and implementing hellocare.ai technology. |
UCHealth | Investor and Customer | Company | A healthcare system investing in and implementing hellocare.ai technology. |
Mark Townsend, MD, MHCM | Executive | Person | Chief clinical digital ventures officer at Bon Secours Mercy Health and Accrete Health Partners. |