Accuhealth and Signallamp Combine Forces with Additional Investment from Sunstone Partners

Accuhealth and Signallamp Combine Forces with Additional Investment from Sunstone Partners.

Combined business is positioned to be one of the largest remote care healthcare companies.

Tampa, FL and Scranton, PA July 9th, 2024 – Accuhealth and Signallamp Health, both leading healthcare technology companies, announced their merger, funded by an additional investment from Sunstone Partners. The combination of the two companies creates a full suite of high-quality remote care offerings, including remote patient monitoring (RPM) and chronic care management (CCM) services to physician practices and health systems.

Signallamp Health, headquartered in Scranton, PA, is a leading healthcare company that helps hospitals and health systems Take Care Further™, with remote Chronic Care Management that maximizes patient engagement to improve clinical outcomes and patient satisfaction and reduce the overall cost of care.

“For the past 9 years, our focus has centered on delivering premier remote Chronic Care Management services, enhancing patient engagement to improve patient outcomes and physician satisfaction. Joining forces with Accuhealth, we are thrilled to broaden our collective offerings, extending comprehensive Remote Patient Management (RPM) and Chronic Care Management (CCM) services to physician practices and health systems.” – Drew Kearney, Co-Founder and CEO of Signallamp.

Chris Schmaltz, Executive Chairman of Accuhealth will become CEO of the combined business. Mr. Schmaltz stated “The combination of Accuhealth’s proprietary RPM solution alongside Signallamp Health’s CCM platform will deliver differentiated improvements in patient outcomes and satisfaction while supporting physicians and preventing high-cost health events. We are thrilled to be bringing these two businesses together.”

Ankur Rathi, Partner at Sunstone Partners and member of the Board of the combined company, stated “Remote healthcare services are pivotal in enhancing patient care accessibility, streamlining healthcare delivery, cutting costs and nurturing stronger patient-physician relationships, ultimately elevating healthcare outcomes and patient satisfaction. The merger of Signallamp and Accuhealth enhances our ability to support our clients, empower our employees, improve patient outcomes, and drive continued growth.”

With Accuhealth and Signallamp united, the combined company is poised to offer to its extensive client base of over 300 organizations a comprehensive suite of RPM and CCM services. The combined company serves physician offices and health systems across 48 states and has a combined workforce in over 40 states across the US. Operating from offices in Tampa (FL), Scranton (PA), McAllen (TX), and Edinberg (TX), together with a talent-rich, distributed, remote workforce. The combined company remains committed to continuing to service customers from its existing locations.

About Accuhealth

Accuhealth is a leading healthcare technology company offering comprehensive remote patient monitoring (“RPM”) and chronic care management (“CCM”) solutions encompassing hardware, proprietary software and clinical monitoring, to physician practices and health systems throughout the United States. Sunstone Partners completed its initial growth investment into Accuhealth in April 2024.

For more information, visit https://www.accuhealth.tech/ and https://signallamphealth.com/.

About Sunstone Partners

Sunstone Partners is a growth-oriented equity firm that invests in AI- and Technology-enabled services and software companies. The firm seeks to partner with exceptional management teams, often as their first institutional capital partner, to help accelerate organic growth and fund acquisitions. Founded in 2015, the firm has $1.7 billion committed capital to its three funds. Sunstone Partners has been recognized as one of Inc. Magazine’s “Founder-Friendly Investors” list in 2020, 2021, 2022 and 2023. For more information, visit www.sunstonepartners.com.