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Vitasora Health Expands Evolent Care Partnership to Drive US Growth Strategy
Small Caps· 2025-10-24 02:32
Core Insights - Vitasora Health has expanded its partnership with Evolent Care Partners to deliver remote patient monitoring and chronic care management services across the US, targeting 20,000 to 30,000 patients by 2026 under the Medicare Shared Savings Program [1] - The nationwide rollout is expected to generate annual recurring revenue between US$12 million and US$18 million as more states are added [2] - The expansion will involve collaboration with up to 15 mainland states and support thousands of independent primary care physicians within the Evolent and Privia Health networks [3] Growth and Integration - The integration of services is anticipated to enhance the scalability of Vitasora's Connected Care model nationally, with the Hawaii pilot program demonstrating improved patient outcomes and provider satisfaction [4] - The expansion represents a significant revenue opportunity for Vitasora, crucial for achieving profitability and substantial revenue growth by 2026 [5] Financial Position - Vitasora has secured A$2.43 million in cleared funds from a cornerstone investor as part of a total A$6.75 million commitment, finalizing an overall capital raise of A$11 million [6] - The capital inflow will support the expansion of key US partnerships and ongoing negotiations with additional healthcare groups, with expectations of achieving profitability in Q4 FY2026 [7]