About CarePayment
CarePayment is a company based in Portland (United States) founded in 2004.. The company has 120 employees as of December 31, 2022. CarePayment has completed 2 acquisitions, including Horizon Health Fund and Vitality Financial. CarePayment offers products and services including Patient Financing Program and Integrated Engagement Platform. CarePayment operates in a competitive market with competitors including Greenphire, Cedar, Zelis Healthcare, PayZen and Alegeus, among others.
- Headquarter Portland, United States
- Employees 120 as on 31 Dec, 2022
- Stage Public
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Sectors
HealthcareFinancial Services
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Carepayment Technologies Inc
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
$100 M (USD), Debt – Conventional
Oct 01, 2018
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Investors
Ares Management
& 3 more
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Employee Count
120
as on Dec 31, 2022
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Investments & Acquisitions
Horizon Health Fund
& 1 more
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IPO & Listings of CarePayment
CarePayment is a publicly listed company on the OTC with ticker symbol CPYT in USA, operating in the Health technology sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of CarePayment
CarePayment offers a comprehensive portfolio of products and services, including Patient Financing Program and Integrated Engagement Platform. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Offers 0.00% APR loans for medical costs to patients.
Manages patient finances and provider partnerships for better engagement.
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Funding Insights of CarePayment
- Total Funding Total Funding
- Total Rounds 6
- Last Round Debt – Conventional — $100.0M
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First Round
First Round
(13 May 2014)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2018 | Amount | Debt – Conventional - CarePayment | Valuation |
investors |
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| Dec, 2017 | Amount | Post-IPO - CarePayment | Valuation |
investors |
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| Aug, 2017 | Amount | Debt – Venture - CarePayment | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in CarePayment
CarePayment has secured backing from 4 investors, including venture fund and institutional investors. Prominent investors backing the company include Ares Management, Bank of America and Wells Fargo. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Alternative asset investment management firm
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Founded Year | Domain | Location | |
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Private equity and credit investment services for North American middle-market companies.
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Founded Year | Domain | Location | |
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Diverse financial services and online banking are provided to clients.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by CarePayment
CarePayment has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Horizon Health Fund and Vitality Financial. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Patient financing solutions for healthcare providers are offered.
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2015 | ||||
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Payment and receivables management services to medical providers and patients
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2008 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - CarePayment
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Carepayment Comparisons
Competitors of CarePayment
CarePayment operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Greenphire, Cedar, Zelis Healthcare, PayZen and Alegeus, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Clinical payment technology for patient transactions in research is provided.
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| domain | founded_year | HQ Location |
Cloud-based payment solutions are provided for healthcare billing and analytics.
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| domain | founded_year | HQ Location |
Digital solutions to modernize the healthcare financial experience for payers, providers, and members
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| domain | founded_year | HQ Location |
AI medical billing software for healthcare professionals and organizations
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| domain | founded_year | HQ Location |
Healthcare benefits are administered via tax-advantaged account platforms.
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| domain | founded_year | HQ Location |
Revenue cycle management platform for healthcare centers is offered.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Carepayment
Frequently Asked Questions about CarePayment
When was CarePayment founded?
CarePayment was founded in 2004 and raised its 1st funding round 10 years after it was founded.
Where is CarePayment located?
CarePayment is headquartered in Portland, United States. It is registered at Portland, Oregon, United States.
How many employees does CarePayment have?
As of Dec 31, 2022, the latest employee count at CarePayment is 120.
What does CarePayment do?
CarePayment was founded in 2004 in Portland, United States, within the healthcare sector. Patient financial engagement solutions are provided to hospitals and health systems, utilizing advanced technology and analytics. Flexible payment options for out-of-pocket expenses are offered via a hospital-branded loyalty card, which helps in patient activation and bill management. Operations focus on improving financial outcomes and patient interactions across the United States.
Who are the top competitors of CarePayment?
CarePayment's top competitors include Greenphire, Cedar and PayZen.
What products or services does CarePayment offer?
CarePayment offers Patient Financing Program and Integrated Engagement Platform.
Is CarePayment publicly traded?
Yes, CarePayment is publicly traded on OTC under the ticker symbol CPYT.
How many acquisitions has CarePayment made?
CarePayment has made 2 acquisitions, including Horizon Health Fund, and Vitality Financial.
Who are CarePayment's investors?
CarePayment has 4 investors. Key investors include Ares Management, Bank of America, Wells Fargo, and Comvest Partners.
What is CarePayment's ticker symbol?
The ticker symbol of CarePayment is CPYT on OTC.