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.
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.
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.
CHL Medical Partners and Noro-Moseley Partners lead the round. Dormir Chief Executive Tim Miller stated in a press release that the money would be used to support extremely fast growth in its businesses.