
UK - iPLATO receives first round funding from The Capital Fund
iPLATO Ltd, the leader in mobile healthcare applications, has attracted first round funding from The Capital Fund, a £50m venture capital fund that invests in fast-growth companies in Greater London and whose investors include the DTI and The European Investment Fund.
Operational in 15 NHS Trusts today, including dozens of GP surgeries and hospitals across London, Patient Care Messaging enables healthcare staff to set up automatic text reminders of scheduled appointments. The system also offers sophisticated tools so that staff can design and run text campaigns encouraging patients to attend specific clinics for flu jabs or other vaccinations, and participate in health programmes in areas such as smoking cessation, screening services and long term conditions such as asthma and diabetes.
iPLATO’s service has been proven to reduce patient no-shows by up to 40% which translates to a yearly saving opportunity in excess of £500,000 for the average Primary Care Trust. Patients have rapidly taken to the service as it offers timely, relevant, personalised and discreet reminders and content. The service also reaches out to the young, minorities and the socially disadvantaged as mobile text messaging is sometimes the only channel available for communicating with large patient groups that often do not respond to letters or phone calls. Text replies from patients are converted into emails which are automatically directed to the relevant doctor or nurse.
As a result of the investment, Phil Sissons, former Industry Liaison at the National Programme for IT, joins iPLATO as a non-executive director.
Latest News
Stonehage Fleming raises USD 130m for largest fund to date, eyes 2024 programme
Multi-family office has seen strong appetite, with investor base growing since 2016 to more than 90 family offices, Meiping Yap told Unquote
Permira to take Ergomed private for GBP 703m
Sponsor deploys Permira VIII to ride new wave of take-privates; Blackstone commits GBP 200m in financing for UK-based CRO
Partners Group to release IMs for Civica sale in mid-September
Sponsor acquired the public software group in July 2017 via the same-year vintage Partners Group Global Value 2017
Change of mind: Sponsors take to de-listing their own assets
EQT and Cinven seen as bellweather for funds to reassess options for listed assets trading underwater