CarePort Health Acquisition, Valuation, Funding & Investors

CarePort Health was acquired by WellSky for $1.4B in October 2020, a 13.0x multiple on $104M of revenue.

CarePort Health acquisition price

$1.4B

Acquired by WellSky · Oct 2020

CarePort Health revenue at acquisition

$104M

Last twelve months · Oct 2020

CarePort Health revenue multiple at acquisition

13.0x

EV/Revenue · Oct 2020

CarePort Health EBITDA multiple at acquisition

21.0x

EV/EBITDA · Oct 2020

CarePort Health Overview

About CarePort Health

CarePort Health is a care transitions platform that coordinates post-acute referrals, matching patients with skilled nursing, rehab, home health, and hospice providers via a national network. Boston-headquartered since 2012, it integrates with electronic health records for hospitals to track discharges and monitor outcomes. Acquired by Marathon Health in 2022, CarePort serves over 1,000 health systems, reducing readmissions through data analytics.


Founded

2012

HQ

United StatesBoston, MA

Status

Acquired

Customer focus

B2B

Revenue model

Subscription

Revenue

$104M (Oct 2020)

Valuation

$1.4B (acquired Oct 2020)

CarePort Health Acquisition

CarePort Health was acquired by WellSky for $1.4B on 13 October 2020.

The acquisition price implies a 13.0x revenue and 21.0x EBITDA multiple on $104M of revenue.

Before the acquisition CarePort Health had raised $5M across 2 funding rounds.

CarePort Health acquisition details
AcquirerDateTypePriceEV/RevenueEV/EBITDA
  • WellSky
13 Oct 2020Strategic M&A$1.4B13.0x21.0x

CarePort Health Funding History

CarePort Health has raised a total of $5M across 2 funding rounds.

CarePort Health's first fundraising round was a $900K seed round in March 2013. The most recent completed round was a $4M seed round in June 2015.

CarePort Health funding rounds

CarePort Health funding rounds
DateStageInvestorsRaisedDeal Summary
Jun 2015SeedBaseline Ventures (lead); CVP Management; Boston Seed Capital; Excelerate Health Ventures; LaunchCapital; Generator Ventures; Andy Palmer; 500 Global$4MCarePort Health raised $3.8 million in a funding round on June 1, 2015, led by Baseline Ventures, with participation from CommonAngels Ventures, Excelerate Health Ventures, Generator Ventures, Launch Capital, 500 Startups, and Andy Palmer. Prior investors included Boston Seed Capital and TechStars. The capital was intended to accelerate growth and extend platform capabilities for post-acute care management. CarePort Health provides a platform that connects hospitals with post-acute providers, helping patients select facilities based on clinical needs, preferences, and metrics like low readmission rates. The solution supports health systems in managing care transitions amid value-based payment models, including readmission penalties and bundled payments. It offers patient-facing tools like virtual tours and facility ratings, and enables provider collaboration for ongoing recovery monitoring. Founded in 2013 by Dr. Lissy Hu, a Harvard Medical School and Harvard Business School alumna, CarePort Health had previously raised $2 million from similar investors. The company serves hundreds of post-acute providers across the US and partners with institutions like Massachusetts General Hospital and Baystate Health to improve post-hospital outcomes.
Mar 2013SeedDavid Chang; Dan Gilmartin; Jennifer Lum; MassChallenge; Shereen Shermak; Techstars; Elefund; Rothenberg Ventures$900K-

Who has invested in CarePort Health?

16 investors have backed CarePort Health across its funding rounds, including Techstars, 500 Global, LaunchCapital, Baseline Ventures, Boston Seed Capital and MassChallenge.

Lead investors include Baseline Ventures.


CarePort Health Investors

Investors in CarePort Health by funding rounds participated
InvestorHQRoundsRoleFirst check
CVP ManagementUnited StatesUnited States1ParticipantJun 2015
David ChangUnited StatesBoston, MA1ParticipantMar 2013
Dan GilmartinUnited StatesBoston, MA1ParticipantMar 2013
Jennifer LumUnited StatesBoston, MA1ParticipantMar 2013
MassChallengeUnited StatesBoston, MA1ParticipantMar 2013
Boston Seed CapitalUnited StatesBoston, MA1ParticipantJun 2015
Excelerate Health VenturesUnited StatesDurham, NC1ParticipantJun 2015
Shereen ShermakUnited StatesBoston, MA1ParticipantMar 2013
Baseline VenturesUnited StatesSan Francisco, CA1LeadJun 2015
LaunchCapitalUnited StatesNew Haven, CT1ParticipantJun 2015
Generator VenturesUnited StatesSan Francisco, CA1ParticipantJun 2015
TechstarsUnited StatesBoulder, CO1ParticipantMar 2013
ElefundUnited StatesSan Francisco, CA1ParticipantMar 2013

This data is available for Pro users. Sign up to see all 16 CarePort Health investors.

Start Free Trial

Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples

Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.

Start Free Trial

CarePort Health Competitors

CarePort Health competitors include listed companies like EverCommerce and U.S. Physical Therapy, and private ones like United Imaging Intelligence, Clarify Health Solutions, MasterControl and Viz.

Public and private companies comparable to CarePort Health
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
EverCommerceUnited StatesUnited StatesPublicly listed$589M$128M$1.4B2.9x
United Imaging IntelligenceChinaShanghaiPrivate--$1.4B-
Clarify Health SolutionsUnited StatesSan Francisco, CAPrivate--$1.4B-
MasterControlUnited StatesSalt Lake City, UTPrivate$100M-$1.3B13.0x
VizUnited StatesUnited StatesPrivate$100M-$1.3B12.8x
U.S. Physical TherapyUnited StatesUnited StatesPublicly listed$781M$110M$1.2B2.3x

CarePort Health Public Comps

CarePort Health is no longer listed, but its public comps include EverCommerce, LuxExperience, U.S. Physical Therapy, Indegene, Omnicell, Seera Group, Flight Centre, Changbai Mountain Tourism, PHC Holdings and Jungfraubahn Holding.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
EverCommerce$589M$128M3.0x2.9x13.7x9.5x
LuxExperience$2.9B($103M)0.4x0.4x(11.3x)47.7x
U.S. Physical Therapy$781M$110M2.5x2.3x17.5x18.9x
Indegene$366M$68M3.7x3.3x19.9x18.2x
Omnicell$1.2B$92M1.2x1.1x15.0x8.1x
Seera Group$1.3B$222M1.4x1.4x7.9x7.4x
Flight Centre$2B$306M0.9x0.9x6.1x5.5x
Changbai Mountain Tourism$117M$37M13.2x12.4x41.6x35.8x

This data is available for Pro users. Sign up to see all CarePort Health competitors and their valuation data.

Start Free Trial

Common questions about CarePort Health

When was CarePort Health founded?CarePort Health was founded in 2012.
Where is CarePort Health headquartered?CarePort Health is headquartered in Boston, MA, United States.
Is CarePort Health publicly listed?No, CarePort Health was acquired by WellSky in October 2020.
Who acquired CarePort Health?CarePort Health was acquired by WellSky in October 2020.
How much was CarePort Health acquired for?CarePort Health was acquired for $1.4B in October 2020, a 13.0x revenue multiple.
How much funding has CarePort Health raised?CarePort Health has raised $5M across 2 funding rounds.
What was CarePort Health's last funding round?CarePort Health's last funding round was a $4M seed round in June 2015, led by Baseline Ventures.
Who are CarePort Health's investors?CarePort Health's investors include CVP Management, David Chang, Dan Gilmartin, Jennifer Lum, MassChallenge, Boston Seed Capital, Excelerate Health Ventures, Shereen Shermak, Baseline Ventures, LaunchCapital and 6 others.
Which companies are comparable to CarePort Health?Companies comparable to CarePort Health include EverCommerce, United Imaging Intelligence, Clarify Health Solutions, MasterControl, Viz and U.S. Physical Therapy.

See companies similar to CarePort Health

Start Your
Free Trial Today

Try Multiples for free for 3 days. Got questions or need a demo? Schedule a call with us below.

Start Trial