Asset Manager

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CoachCare

CoachCare, led by Wes Haydon, runs a virtual health platform that captures reimbursable RPM codes for chronic-condition clinics.

CoachCare

CoachCare launched in 2014 when co-founders Wes Haydon and Andrew Zengilowski built a platform to help weight-loss clinics track patient progress. The company shifted toward broader chronic-condition monitoring after the 2019 CMS billing-code expansions made remote physiological monitoring reimbursable. What started as a vertical SaaS play for bariatric practices now supports diabetes, hypertension, and COPD management across independent clinics and larger health systems. The company operates a dual revenue engine that charges per-provider SaaS fees and takes a percentage of incremental reimbursements generated by its platform. CoachCare's technology stack includes a patient-facing mobile app, Bluetooth-connected scales and blood-pressure cuffs, and a clinician dashboard that surfaces billing-eligible CPT codes — notably 99453, 99454, and 99457. Under Haydon, the firm began rolling up competitors, acquiring companies including iHealth Labs' RPM division and ActiCare Health, which added cardiac-device monitoring to its service line. Geographic coverage is concentrated in the United States, with customers spanning all 50 states largely through telemedicine-agnostic licensing models. Growth equity firm Integrity Growth Partners acquired CoachCare in late 2021, triggering an aggressive consolidation strategy that produced seven add-on acquisitions by mid-2023 (per the firm, 2023). August 2023: CoachCare closed a growth-equity round led by Catalyst Investors alongside existing backer Integrity Growth Partners, bringing total funding above $100 million (per Business Insider, August 2023). The firm remains majority-owned by its private-equity sponsors and maintains a New York headquarters, though it operates a distributed remote-first workforce. CoachCare's structural distinction lies in its reimbursement-first architecture: the platform actively identifies billable monitoring events rather than passively displaying vitals. That claim on provider revenue cycles makes switching costs high and differentiates it from patient-coaching apps that compete on engagement alone. As regulatory tailwinds expand RPM codes in 2024–2025, the firm's integration of acquired cardiac, bariatric, and chronic-care modules positions it as a consolidation platform rather than a point solution.

General information

Firm type

Asset Manager

Year founded

2014

AUM

Undisclosed

Location

Region

North America

Country

United States

City

New York

Corporate office

New York, NY, United States

Principals

Wes Haydon

President & CEO

Andrew Zengilowski

Co-Founder & CTO

Sector focus

Digital HealthEnterprise Software

Frequently asked questions

How does CoachCare generate revenue?

CoachCare operates a dual revenue model. It charges a per-provider subscription fee for its SaaS dashboard and takes a percentage of the incremental reimbursements its platform identifies. This directly aligns CoachCare's incentives with provider revenue cycles rather than pure seat-based pricing.

Who owns CoachCare?

Growth-equity firm Integrity Growth Partners acquired a majority stake in CoachCare in late 2021. Catalyst Investors joined as a co-owner through a growth-equity round in August 2023. The founders and management retain minority ownership.

What reimbursement codes does CoachCare's platform target?

CoachCare's dashboard surfaces billing-eligible CPT codes tied to remote patient monitoring and chronic care management. The core tracked codes include 99453 (setup), 99454 (device supply), and 99457 (care management time). These are standard CMS codes for RPM programs.

Does CoachCare participate in fund commitments or only direct deals?

CoachCare is an operating company backed by private equity, not a fund or investment vehicle. It raises equity financing for corporate development and acquisitions. The only 'deals' it participates in are direct M&A transactions to acquire smaller RPM and chronic-care monitoring businesses.

How does CoachCare source acquisition targets?

Under private-equity sponsorship from Integrity Growth Partners, CoachCare targets fragmented regional RPM companies with existing provider contracts and recognized billing relationships. Its buy-and-build strategy integrates the acquired platforms into a single tech stack, adding scale-based incremental margins.

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