PeakMed, a company that seeks to provide affordable family practice medicine through a monthly membership model, has raised new funds to the tune of $5.5 million, led by ASI Capital. The financial backing will support PeakMed’s expansion, which includes new LifeCenters, telemedicine technology, vehicles for house calls, and additional staff.
ASI Capital, a private debt and equity firm based in Colorado Springs, led the fundraising round through its Healthcare Fund and Income Fund.
“Demand for our healthcare model is growing,” said Dr. Mark Tomasulo, founder and chief medical officer of PeakMed, in a statement. “ASI Capital is our partner that believes in what we are doing and wants to see PeakMed succeed. This money is helping PeakMed be more accessible to more people.”
With the extra cash in hand, PeakMed will open new LifeCenters in Colorado Springs and Denver this fall, and it will be able to perform house calls to members using two new vehicles for this service. And PeakMed is also hiring additional staff and implementing new technology to allow secure 24/7 communication between doctors and members through a call, email, text and video chat.
“We recognize the need for change in the healthcare marketplace,” Sean Hawkins, managing partner of ASI Capital, said in a statement. “PeakMed’s reinvention of healthcare with a model that brings focus back to the doctor-patient relationship, preventative care, affordability, and access to care is something that we want to see succeed for people in Colorado and beyond.”
Jon Hernandez, CEO of PeakMed, said in a statement the company anticipates substantial growth over the next year.
“In addition to opening new locations, we expect to offer new services to our members that aren’t available in traditional healthcare plans,” he said.