SAN FRANCISCO, Oct. 22, 2020 /PRNewswire/ — Cricket Well being, a complete kidney care supplier with a personalised, evidence-based method to managing kidney illness, at the moment introduced that co-founder Arvind Rajan has been named Govt Chairman of the Board of Administrators and Robert Sepucha has been appointed Rajan’s successor as the corporate’s CEO.The information comes as Cricket broadcasts $15 million in debt financing from K2 HealthVentures (K2HV), a healthcare-focused specialty finance firm, which can assist the corporate additional broaden its modern kidney care mannequin to extra individuals throughout the nation by way of further payer partnerships.
“I’ve spent a lot of my profession in kidney care, and what Cricket Well being has inbuilt a comparatively brief time is nothing wanting revolutionary. Since I started my work at Cricket, I’ve been impressed by the dedication of the group to our mission of shifting the paradigm in renal care to raised serve individuals with kidney illness and kidney failure,” mentioned Sepucha. “I stay up for main the corporate as we enter our subsequent part of progress, increasing relationships with present companions and forming new partnerships to enhance look after extra individuals with kidney illness in our present markets in California, Texas, and past.”
Sepucha, who is predicated in Cricket’s Cambridge, Massachusetts workplace, joined the corporate in 2018 as chief administrative officer, liable for authorized and gross sales technique. He beforehand led authorities affairs, strategic communications, and trade outreach at Fresenius Medical Take care of almost a decade.
“Once we based Cricket Well being 5 years in the past, we needed to construct a kidney care firm the place our scientific focus and financial incentives had been aligned with the very best pursuits of our sufferers — conserving them from kidney failure for so long as attainable, and wholesome, at residence, and out of the hospital,” mentioned Rajan. “Bobby shares these values, and I do know that Cricket is well-served by his wealth of experience as the corporate expands our attain all through an space of well being care that’s on the verge of breakthrough reforms.”
The management adjustments come as Cricket has raised $15 million in debt financing from K2 HealthVentures, which can be used to assist Cricket’s progress as the corporate provides extra payer clients, helps extra nephrology practices, and serves extra individuals with kidney illness. In current months, Cricket has signed offers in California with Blue Shield of California and Cigna. The brand new funding will assist that progress, in addition to bringing Cricket’s modern mannequin of kidney care to Texas and different states within the coming months.
“Cricket Well being has distinguished itself because the main supplier of modern, patient-focused kidney care, and has actual momentum with each payers and suppliers,” mentioned Austin Sherwindt, Principal at K2HV.
“This funding follows our dedication to supporting innovative healthcare and life science corporations with modern administration groups that need to dramatically enhance the lives of sufferers,” added Parag Shah, Founding Managing Director and Chief Govt Officer at K2HV.
About Cricket Well being
Cricket Well being is a complete kidney care supplier with a personalised, evidence-based method to managing power kidney illness (CKD) and end-stage renal illness (ESRD). Cricket works with payers and suppliers to determine sufferers who’re in danger, acts early to sluggish development of the illness, and delivers patient-centered, customized kidney care by way of a multidisciplinary care group. If a affected person progresses to ESRD, Cricket educates them about their remedy choices and delivers patient-centered care, whether or not it’s transplant assist, residence dialysis, conservative care, or in-center dialysis. Based in 2015 and based mostly in San Francisco and Cambridge, the corporate’s management consists of a number of the main specialists in nephrology, well being care, and know-how. Be taught extra at www.crickethealth.com or comply with us @crickethealth.
About K2 HealthVentures
K2HV is another funding agency targeted on offering versatile, long-term financing options to modern personal and public corporations within the life sciences and healthcare industries. The funding group is comprised of collaborative, skilled professionals with various backgrounds in finance and operations, in addition to deep area data throughout numerous healthcare sectors. A uniquely versatile, everlasting capital construction allows the agency to offer inventive, adaptive financing options and to satisfy the evolving capital wants of its portfolio corporations as they develop. K2HV is pushed by twin targets of Revenue and Objective – aiming to gas the expansion of modern corporations that can finally enhance the lives of sufferers and giving a proportion of funding earnings again to underserved areas in healthcare.
SOURCE Cricket Well being