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- CarePort Health
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
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
Website
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.
| Acquirer | Date | Type | Price | EV/Revenue | EV/EBITDA |
|---|---|---|---|---|---|
| 13 Oct 2020 | Strategic M&A | $1.4B | 13.0x | 21.0x |
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
| Date | Stage | Investors | Raised | Deal Summary |
|---|---|---|---|---|
| Jun 2015 | Seed | Baseline Ventures (lead); CVP Management; Boston Seed Capital; Excelerate Health Ventures; LaunchCapital; Generator Ventures; Andy Palmer; 500 Global | $4M | CarePort 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 2013 | Seed | David 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
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 1 | Participant | Jun 2015 | ||
| 1 | Participant | Mar 2013 | ||
| 1 | Participant | Mar 2013 | ||
| 1 | Participant | Mar 2013 | ||
| 1 | Participant | Mar 2013 | ||
| 1 | Participant | Jun 2015 | ||
| 1 | Participant | Jun 2015 | ||
| 1 | Participant | Mar 2013 | ||
| 1 | Lead | Jun 2015 | ||
| 1 | Participant | Jun 2015 | ||
| 1 | Participant | Jun 2015 | ||
| 1 | Participant | Mar 2013 | ||
| 1 | Participant | Mar 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 TrialCarePort 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.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $589M | $128M | $1.4B | 2.9x | ||
| Private | - | - | $1.4B | - | ||
| Private | - | - | $1.4B | - | ||
| Private | $100M | - | $1.3B | 13.0x | ||
| Private | $100M | - | $1.3B | 12.8x | ||
| Publicly listed | $781M | $110M | $1.2B | 2.3x |
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 FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $589M | $128M | 3.0x | 2.9x | 13.7x | 9.5x | |||
| $2.9B | ($103M) | 0.4x | 0.4x | (11.3x) | 47.7x | |||
| $781M | $110M | 2.5x | 2.3x | 17.5x | 18.9x | |||
| $366M | $68M | 3.7x | 3.3x | 19.9x | 18.2x | |||
| $1.2B | $92M | 1.2x | 1.1x | 15.0x | 8.1x | |||
| $1.3B | $222M | 1.4x | 1.4x | 7.9x | 7.4x | |||
| $2B | $306M | 0.9x | 0.9x | 6.1x | 5.5x | |||
| $117M | $37M | 13.2x | 12.4x | 41.6x | 35.8x | |||
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
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