Vericare Management is a technology company.
Vericare Management has raised $10.0M across 1 funding round.
Vericare Management has raised $10.0M in total across 1 funding round.
Vericare Management has raised $10.0M in total across 1 funding round.
Vericare Management's investors include Health Velocity Capital.
Vericare Management is a healthcare services provider specializing in geropsychology and geropsychiatry behavioral health services for elderly patients in skilled nursing facilities, not a pure technology company.[2][3] It employs over 400 licensed professionals—including psychiatrists, psychologists, licensed clinical social workers, and advanced practice nurses—to deliver therapies like individual psychotherapy, psychotropic medication management, behavior management, and rehabilitation support across more than 600 facilities in eight U.S. states: California, Pennsylvania, Texas, New Jersey, Florida, Indiana, Delaware, and Tennessee.[2][3] The company serves long-term care facilities, addressing geriatric mental health needs through multidisciplinary interventions, with reported revenue around $23-36.5 million and 664-750 employees based in San Diego, California.[3][4] Founded in 1991, it raised $20.95 million before being acquired, generating steady growth in the behavioral health sector for aging populations.[2]
Vericare Management was founded in 1991 in San Diego, California, emerging as a response to the growing need for specialized behavioral health services in skilled nursing facilities amid an aging U.S. population.[2][3][4] Specific founders are not detailed in available records, but the company quickly built a network of over 400 clinicians to partner with long-term care providers, focusing on geriatric mental health from the outset.[2][3] Key milestones include expansion to eight states and serving 600+ facilities, culminating in an acquisition by MedOptions (announced via PR), which created a national provider of behavioral health services for long-term care—backed by investors like HLM Venture Partners.[2][3][6] This evolution shifted it from regional operator to a scaled platform, with early traction driven by demand for compassionate, on-site elderly care.[5]
Vericare Management operates at the intersection of healthcare services and behavioral health tech enablement, riding the wave of aging demographics—U.S. elderly population growth drives demand for on-site geriatric mental health in long-term care, amplified by post-pandemic awareness of isolation and dementia-related issues.[2][3] Timing aligns with regulatory pushes for better skilled nursing oversight and telehealth integration for remote psychiatry, though its model emphasizes in-person delivery enhanced by clinical management tools.[1][2] Market forces like labor shortages in nursing homes and rising Medicare spending on mental health favor its clinician network, influencing the ecosystem by setting standards for scalable behavioral interventions and partnering with facilities to reduce readmissions—positioning it as a bridge between traditional care and tech-enabled health platforms.[2][6]
Post-acquisition by MedOptions, Vericare Management is poised for national expansion, leveraging its clinician base to dominate behavioral health in long-term care amid surging demand from 10,000+ daily U.S. Baby Boomer retirements.[2][6] Trends like AI-driven triage for geriatric psych, value-based care reimbursements, and integrated telepsychiatry will shape its path, potentially boosting efficiency and reach. Its influence may evolve into a full-stack platform influencing policy on elderly mental health, solidifying its role from regional pioneer to national leader in compassionate, facility-embedded care.
Vericare Management has raised $10.0M across 1 funding round. Most recently, it raised $10.0M Series B in November 2007.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Nov 1, 2007 | $10.0M Series B | Health Velocity Capital |