Advocate Aurora’s new investment arm is participating in the $ 25 million financing round for the Telenutrition platform
Thursday March 25, 2021– –
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Advocate Aurora Enterprises, the new Milwaukee subsidiary of Advocate Aurora Health, recently led a $ 25 million Series C funding round for the Foodsmart telenutrition platform.
Foodsmart is the first investment by Advocate Aurora Enterprises, which the healthcare system has invested in companies that help people improve their health and wellbeing beyond traditional care facilities, according to a March 25 press release.
1. Foodsmart’s digital platform offers families tools to overcome food insecurity and inequality.
2. The platform offers price comparisons, discounts, health food spending and online SNAP benefits with partners such as Walmart, Amazon and local grocers through Instacart.
3. Foodsmart has more than 1.25 million members from more than 650 employers, as well as regional and national plans.
4. The platform also gives users access to registered dietitians and personalized meal planning.
5. Foodsmart also publishes food scripts to help users coordinate care and start clinically validated diets to aid in overcoming obesity, hyperglycemia, hyperlipidemia, high blood pressure and chronic diseases that increase the risk of COVID-19 mortality .
“You will see that we continue to invest in health-related businesses that aim to make us a target health company. In addition to providing hospital, medical and home care services, we also provide people that people can look to for all of their health needs.” said advocate Jim Skogsbergh, president and CEO of Aurora Health, said in the press release.
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