Louisville Business First | December 9, 2015
A group of investors led by Lunsford Capital LLC of Louisville has invested in SentryHealth (formerly Edumedics), a Louisville company that has developed technology to help businesses save money by helping the employees manage diabetes and other chronic conditions.
The Series A financing provides $4.2 million, which the company will use to expand to other states from its core markets in Kentucky and Maine, according to a news release. The funding also will help the company offer its products to Medicare groups that are trying to improve quality measures.
SentryHealth was launched in 2010 by Alice Shade and Dr. Richard Goldstein, who had been working at physician services company UPA Services and the University of Louisville, respectively.
Shade, who is CEO of the company, told Louisville Business First last year that hypertension, diabetes, high cholesterol and depression often are expensive conditions.