Monday, March 14, 2011

Silver Care Solutions raises $3 million to expand staff

Silver Care Solutions, the Nashville-based provider of incontinence care for residents of nursing homes and assisted living centers, said it raised $3 million through a new financing round to fund the company’s growth.

The money is being used to hire 22 specialized nurse practitioners and 22 clinical assistants to provide the incontinence care to the seniors.
Previously, Silver Care had only 14 nurse practitioners and 12 clinical assistants.

The company also has hired three regional account directors with plans to add a fourth person to pursue new nursing home and other clients and identify more potential patients within existing client nursing homes.

FCA Venture Partners led the financing round. The Tennessee Angel Fund, a TNInvestco fund managed by the Nashville Capital Network, made a co-investment.

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Silver Care Solutions raises $3 million to expand staff

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Silver Care Solutions raises $3 million to expand staff

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Silver Care Solutions raises $3 million to expand staff

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