NEW YORK--(BUSINESS WIRE)--Sollis Health, the category creator of concierge urgent and emergency care, today announced its $15 million extension in Series A funding. The extension follows a $30 Million Series A round in December 2021, and strengthens ties between Sollis and return investors including Torch Capital, Strand Equity, Arkitekt Ventures, and Read Capital. This investment will enable Sollis to further expand access to its patient-centric brand of 24/7 concierge urgent and emergency care across the country.
“We’ve driven significant growth in the last year with the opening of four new state-of-the-art medical centers, including flagship locations in Palm Beach and San Francisco where our ER-trained clinicians offer members highly attentive medical care 24 hours a day,” said Brad Olson, CEO of Sollis Health. Olson joined Sollis Health in September 2022 from Peloton, where he served as Chief Business Officer. Since joining Sollis, he has focused on scaling the business in existing markets like New York and Los Angeles, as well as driving entry into the Bay Area and South Florida.
The only service of its kind, Sollis Health has generated a 100% CAGR in membership since 2019 with annual retention rates approaching 90%. With the close of this funding, Sollis Health will use capital to drive further expansion—with the opening of five additional centers with cutting-edge diagnostic capabilities—through 2024. Funds will also be used for technological and product enhancements across the patient and provider experience.
“The incredible consumer reception to Sollis Health underscores a national appetite for its innovative model of 24/7, concierge urgent and emergency care, even beyond the pandemic,” said Jon Keidan, Founder and Managing Partner of Torch Capital. “We're thrilled to deepen our partnership with Sollis as they continue to expand access to their patient-centric healthcare all around the country.”
“With new capital partners like Friedom Partners and B. Riley Venture Capital, we will continue our nationwide expansion and increase accessibility to the unparalleled urgent and emergency care provided by Sollis clinicians,” Olson said. To date, Sollis has raised over $53 million in equity to provide members with 24/7, on-demand medical care.
A Sollis membership includes access to every Sollis medical center nationwide, unlimited provider visits in-center or via on-demand virtual visits, routine lab work, wound care, and even medical procedures for orthopedic and ENT needs. Sollis also offers other first class concierge services such as expedited referrals to its network of top specialists, care coordination, travel medicine and VIP hospital services. For an additional fee, Sollis also offers onsite advanced imaging and its signature house call service, available in New York, the Hamptons, Los Angeles, the Bay Area and South Florida.
ABOUT SOLLIS HEALTH
Sollis Health is a 24/7 doctor, private urgent care, and concierge service rolled into one.
With state-of-the-art medical centers in New York City, The Hamptons, Los Angeles, Palm Beach, and San Francisco, Sollis can handle emergencies, common illnesses, and everything in between—day or night, with little to no wait. From in-house labs and onsite imaging to ER-trained physicians who have seen it all, Sollis brings a unique members only approach to medicine -- which means no matter the medical concern, you’ll always have the ultimate luxury: peace of mind.
Learn more at www.sollishealth.com.
