Carepoynt Closes $2M Investment Round and Engages

NEWPORT BEACH, Calif., July 10, 2018 (GLOBE NEWSWIRE) -- Carepoynt — a first-of-its-kind health- and wellness-focused rewards company—is pleased to announce the successful closing of its Seed funding round of $2 million and anticipates exponential growth during the second half of the year. The company has also retained US Capital Global as its Series A Round financial advisor – a San Francisco-based private financial group specializing in providing lower middle market businesses and investors with sophisticated debt, equity, and investment opportunities usually available only to larger companies and institutional investors. These announcements will help Carepoynt continue to accelerate its innovative and disruptive shift of the status quo by offering its unique Rewardsware for Healthcare™ engagement program, platform and network to the massive Health & Wellness marketplace that is seeking more engaging experiences and rewarding results from a healthcare ecosystem that has become more costly, inflexible and impersonal.

“Our success in building upon the base of local and national Carepoynt Community of members, partners, providers, payers and employers so far this year, coupled with the completion of our Seed round of funding sets the stage for us to accelerate the growth of our unique digital health and wellness focused solution,” said company CEO and founder, Tim Stanley. “This round of funding, along with some major go to market milestones we are achieving with our Rewardsware for Healthcare™ platform, will fuel the overall success of the company. We believe that our partnership with US Capital Global will help to ensure a successful and timely Series A investment round, and will increase our ability to scale up even more quickly to reward and deliver results to new and existing Carepoynt members and customers.”

Since emerging into the market in 2017 to address the United States’ costly, chaotic and uncoordinated healthcare ecosystem, Carepoynt has quickly emerged as a leader in the digital health and wellness engagement category. Supported by an agile team and stellar advisory board with deep expertise in consumer and business technology, CRM and Rewards programs and Healthcare and other industry experiences from the likes of Salesforce.com, Aetna, Kaiser, Cedars Sinai, Verizon, Caesars and many others, Carepoynt is a compelling consumer-centric engagement platform, program and network that allows members to connect, align, engage and be rewarded for healthy choices. Hundreds of well-known local and online healthcare providers, and a variety of local and national health and wellness businesses and retail partners like Fitbit®, CVS pharmacy™, GNC®, Starbucks Coffee®, Amazon®, Whole Foods Market®, Nike®, Gap and Target® are now available to members of the Carepoynt Community.

With its sustained growth, completion of a successful seed round under its belt, and now backed by the support of US Capital Global, Carepoynt is well-positioned to advance its strategic market expansion into the booming digital health sector by further enhancing the Carepoynt platform and go to market plans.

“We are thrilled to partner with a groundbreaking company like Carepoynt,” said vice president at US Capital Global, Alfred Ritter. “Particularly in our on-demand society where nearly every industry offers upgrades and rewards to consumers, Carepoynt is changing the industry by helping individuals take control of their health in ways never experienced before and is putting patients at the center of their healthcare experience. Our shared enthusiasm for Carepoynt’s unique product was a key determinant in engaging with the company.”

To learn more about Carepoynt, please visit https://www.carepoynt.com/ .

ABOUT CAREPOYNT: Carepoynt is the world's first health-focused rewards program, platform and network that puts consumers at the center of their own healthcare experience. Developed in response to the costly, chaotic and uncoordinated healthcare ecosystem, Carepoynt is a compelling consumer-centric program built around a multi-channel, cloud-based Rewardsware for Healthcare™ platform where members can connect, align, engage and be rewarded within a trusted network of health-focused providers, payers, employers and strategic partners. With Carepoynt, it’s easy for members to earn redeemable Poynts™ by participating in healthy activities, engaging in care plans or promotions and making smart health-and wellness-related purchases. Carepoynt’s mission is to encourage healthier living, enhance value and improve the results of health investments, and enable more engaging experiences and better outcomes across the healthcare and wellness ecosystem. Carepoynt can also be leveraged for employer- or insurer-based wellness programs to foster smarter care planning and better results for patients and providers, and also delivers more purpose-driven relationships between health-oriented brands and consumers. Members can succeed by focusing on better value, lower costs and improved results by participating in this shift towards a healthier society. From Rewards to Results > Carepoynt Makes Healthcare More Rewarding for All™. Follow Carepoynt on Facebook, Instagram, Twitter, and LinkedIn. To Joyn, go to Carepoynt.com . For more information or to connect with Carepoynt, email the team at connect@carepoynt.com .

ABOUT US CAPITAL GLOBAL: Since 1998, US Capital Global has been committed to providing small and lower middle market businesses and investors with sophisticated debt, equity, and investment opportunities usually available only to larger middle market companies and institutional investors. The firm manages direct investment funds and provides wealth management and capital raise services. Operating with its registered investment bank affiliate, US Capital Global Securities, LLC, the firm acts as a licensed placement agent for companies, funds, and projects, and collaborates closely with its peers in professional banking and investment advisory.