Ranger Health Raises $10 Million in Series A Financing

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Early stage healthcare technology company prepares for growth and market expansion

We are truly redefining the healthcare experience from one that is historically frustrating, expensive and inconvenient to one that is simple, affordable, and accessible." - Michael C. Zucker - Ranger Health CEO and Co-founder

Ranger Health, the San Antonio-based, on-demand healthcare service and technology company, today announced it has closed on a Series A round from investors across healthcare and technology sectors.

According to Michael C. Zucker, FACHE, Ranger Health’s CEO and Co-founder, the company will use the proceeds to further develop its technology platform and to expand into additional markets throughout Texas and the Southwest. This expansion is in response to the overwhelming reception by consumers for the company’s fast, affordable and convenient way to access healthcare on-demand and in the comfort of the home or office. “Consumers enthusiastically embraced the initial offering, Ranger On Call, as an innovative and expedient way to obtain healthcare which drove its rapid adoption in the Alamo City and surrounding communities, said Zucker. “Our technology platform will enable the company to scale and extend the reach of our on-demand services.”

The growth of high-deductible health plans and increased out-of-pocket costs are driving consumers to seek services that offer greater value. This trend, along with the growing use of smart phones, has brought the convenience of on-demand healthcare to consumers and is rapidly accelerating the company’s growth.

“We are truly redefining the healthcare experience from one that is historically frustrating, expensive and inconvenient to one that is simple, affordable, and accessible. Most importantly, we are giving the consumer back control of their time– our licensed professional team of Physician Assistants and Nurse Practitioners, working under the direction of our network of physicians, travel to the customer. The benefit of this new way to deliver care is the “where and when I want it” convenience coupled with an incredible service experience for our customers. Our loyal and growing customer base has used us again and again and is spreading the word about Ranger Health through social media,” said Zucker.

Ranger Health’s corporate clients in the region have also praised the company’s innovative service noting that it has enhanced employee productivity and satisfaction. Employees no longer need to take time off to go to a doctor’s appointment or sit for hours waiting in a more expensive care setting. Employers can now provide this valued benefit to their employees while reducing healthcare spending.

“HOLT Ventures invested early in Ranger Health”, said Adam Bridgman, Director, at the San Antonio-based venture capital firm. We saw the impact of rising healthcare costs first hand and the challenges employees across our companies were having in accessing timely care. Their innovative use of technology to leverage the shared economy of healthcare professionals and load balance the supply of providers to consumer demand is disruptive and adds value to employers, employees, and healthcare providers.” He further added, “We are attracted to innovative companies with strong management teams and proven histories of success that develop technology to solve big problems, like healthcare, at scale.”

Co-founder and serial entrepreneur, Cameron Powell, MD said, “We are excited about the consumer response to our on-demand healthcare model and about scaling our robust technology platform to bring this service to other markets across the country”.

Ranger Health was founded in 2015 by former health system executive Michael C. Zucker, FACHE and a successful group of serial entrepreneurs who previously co-founded AirStrip, WellAware, Splice and other innovative software companies. Ranger Health delivers on-demand, personal care and allows individuals to experience the convenience and affordability of face-to-face healthcare for minor injuries and illnesses in the comfort of their home or office via a user-friendly app. It allows the consumer to immerse themselves in the shared economy for healthcare in an entirely new way. For more information, please visit our website at http://www.RangerHealth.com.

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Trish DeBerry
The DeBerry Group
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