Loyal Secures $33.5m Series B, Announces Exec And Board Changes

By Author: Ben Gross
Total Articles: 460
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Loyal, a healthcare technology company specializing in digital patient engagement, has recently completed a $33.5M Series B financing round. This funding includes contributions from existing investors, Concord Health Partners, and various strategic investors. The financing will be utilized to enhance the Company’s customer base, develop new products, ensure customer success, and accelerate growth.

In conjunction with this funding, the Company has made changes to its executive leadership team to support its strategic growth plans. Chad Mallory, the Founder of Loyal, will be stepping down from his role as Chairman and CEO to assume the position of Senior Advisor, effective July 26. Saurabh Sinha, Founder and Chairman of the Board of Directors of Emids Technologies, has been appointed as the Chairman of the Loyal Board of Directors. Sinha will play a key role in recruiting additional talent to Loyal and building upon the Company's success. Furthermore, Mark Hipp has joined the Loyal Board of Directors, bringing with him extensive experience in advising high-growth technology companies.

Sinha expressed his enthusiasm ...
... for Loyal's mission, stating that the Company plays a crucial role in enhancing consumer care navigation and has the potential to significantly improve patient lives and healthcare experiences. Sinha looks forward to leading the Loyal Board of Directors and guiding the Company's strategic direction as it continues to expand.

Loyal's consumer engagement platform aids health systems in streamlining operations by consolidating various technology systems, expanding patient access, and ultimately increasing revenue to support growth. With a proven track record of revenue growth and a customer base of 38 health systems, Loyal's engagement platform is aligned with the goals of healthcare systems.

More Information : https://www.techdogs.com/tech-news/business-wire/loyal-closes-335m-series-b-funding-and-announces-changes-to-executive-leadership-team-board-of-directors