Saturday, October 20, 2018
Business

Wesley Chapel medical tech company plans to add 500 jobs

A Wesley Chapel health care software and services company said it plans on adding 500 jobs after recently securing $18 million from several private equity firms.

CareSync said this week its "user base" has increased 20-fold in the last four months in response to the company's development of a chronic care management program.

Up to 400 of those jobs will be nursing jobs based either at the company's Pasco County headquarters or at a nursing call center in Hardee County, said CareSync founder Travis Bond. He said the 500 jobs will have annual salaries ranging from about $35,000 to more than $100,000.

CareSync, which currently has about 115 employees, would be adding the jobs in the next 18 months.

The investments are being made by the Merck Global Health Innovation Fund, Greycroft Partners, Harbert Venture Partners, Tullis Health Investors, Clearwell Group and CDH Solutions, CareSync said.

"Not only did we raise $18 million, but the people we raised it from recognized us as sort of the best horse to vote on" in the industry, said Bond.

The company said its applications and services streamline the sharing of medical information among patients and their caregivers. That allows patients to better manage their care, especially those with chronic diseases who need to regularly see multiple doctors, CareSync said.

CareSync said it has experienced a 100 percent increase in month-over-month revenue in 2015, though it did not provide figures. It said its applications are being used in the treatment of 300,000 chronically ill Medicare patients. The company was founded in 2011.

The company raised more than $4.25 million in venture capital in 2014.

Contact William R. Levesque at [email protected] or (813) 226-3432. Follow @Times_Levesque.

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