Allina Health has partnered with Flare Capital Partners, a Boston-based health care technology venture capital firm of which Advocate Aurora Health Care is an investor, to spin off a new company called Inbound Health to help health systems to offer hospital-at-home and nursing-at-home programs.
As part of the launch, announced Tuesday, the VC firm is leading a $20 million Series A financing round, the company’s new CEO, Dave Kerwar, said in an interview. The company intends to use the funds to further develop its technology platform, which had previously operated within the Allina Health system since 2020.
Kerwar did not disclose the other investors, but did say Minneapolis-based Allina Health remains a part-owner of the company. Allina Health is a health care provider serving Minnesota and western Wisconsin.