Fresh off a $12 million fund-raise, sleep services and equipment provider Dormir Inc. has gone shopping, acquiring 15 sleep-therapy centers in the western United States for an undisclosed sum.
Juan Enriquez and Boston's Excel Venture Management are cultivating the "flyover states" of the Midwest. It's made a deal with an Indiana company and other is on the horizon. For Enriquez, life science is the world's new alphabet.
At the Abarca Forward conference earlier this year, George Van Antwerp, managing director at Deloitte, discussed how social determinants of health and a personalized member experience can improve medication adherence and health outcomes.
New health investor Excel Venture Management added $4 million to complete the $12 million round for Dormir, the sleep-therapy services and equipment provider. Dormir will use the money for expansion.
Boston's Excel Venture Management has already made three deals from its $125 million Excel Medical Fund: two from the Boston area and another from California. A spokeswoman for the company said an upcoming deal will come from Midwest, though she didn't name the investment.