Parachute Health attracts second round of funding

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Tuesday, June 5, 2018

NEW YORK ­– Parachute Health has attracted $9.5 million in new funding to expand its e-prescribing platform into key markets across the United States. Parachute provides a seamless, all-digital solution for ordering home medical equipment and services after patients are discharged from hospitals. The new funding was led by Harley Miller and Dan Ahrens of Insight Venture Partners, and includes investment from GNYHA Ventures, the business arm of the Greater New York Hospital Association, and Anthony Welters, formerly of UnitedHealth Group. Parachute previously raised $5.5 million in funding from a group of investors that includes Loeb Holding Corp. Parachute is already being used by healthcare facilities across the country, including the Hospital for Special Surgery, Visiting Nurse Service of New York and Stanford Hospital.