Sleep Care

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Sleep Care - overview

Established

2010

Location

Worthington, OH, US

Primary Industry

Healthcare

About

Sleep Care focuses on enhancing sleep health through innovative diagnostic services, including home sleep testing and specialized evaluations at dedicated sleep centers, aiming to improve patient outcomes in sleep disorders. Sleep Care is a provider of sleep diagnostic services, primarily offering home sleep testing and access to specialized sleep centers. Founded in 2010 in Worthington, US, the company experienced a recapitalization by Harren Equity Partners in March 2012. The CEO, Craig Pickerill, has a background in healthcare and entrepreneurship, contributing to the firm’s strategic direction.


SleepCare specializes in sleep diagnostic services, focusing primarily on home sleep testing and sleep center services. Their core offerings include portable sleep testing kits, allowing patients to conduct tests in the comfort of their own homes, as well as access to dedicated sleep centers for comprehensive evaluations. These services are designed to address various sleep disorders, providing solutions that enable patients to achieve better sleep quality. SleepCare’s clientele consists of individual patients seeking diagnosis and treatment for sleep-related issues and healthcare providers looking to refer patients for specialized services.


The company operates in multiple geographical markets across the United States, providing vital support to individuals and healthcare institutions in need of reliable sleep health solutions. SleepCare generates revenue through a combination of direct-to-consumer service offerings and partnerships with healthcare providers. The company's business transactions typically involve the completion of medical provider orders, which are then processed to determine insurance eligibility or facilitate out-of-pocket payment options for patients. SleepCare's pricing structure accommodates various insurance plans while also providing cost-effective alternatives for those without coverage.


Their primary services, including home sleep testing and sleep center operations, create a comprehensive revenue model that supports both individual patient needs and institutional partnerships. The firm’s financial transactions reflect a structured approach to managing client interactions and service delivery in the realm of sleep diagnostics. Sleep Care is focusing on expanding its market presence and enhancing its product offerings. The company plans to introduce new diagnostic products aimed at improving the accuracy and convenience of sleep testing, with a targeted launch in late 2023.


Additionally, Sleep Care is exploring expansion into key markets across the southern United States, aiming to establish new service centers by 2024. The recent recapitalization by Harren Equity Partners in March 2012 will support these initiatives, providing the necessary funding to develop and market these new products while facilitating geographic expansion.


Current Investors

Harren Equity Partners

Primary Industry

Healthcare

Sub Industries

Diagnostic, Medical & Imaging Laboratories

Website

www.sleepcare.com

Company Stage

Mature

Total Amount Raised

Subscriber access only

Sleep Care - deals

Deals TypeDeal StatusTarget (s)Deal DateInvestor(s)Seller(s)Deal size (Mn)Enterprise value (Mn)Post-money valuation (Mn)EBITDA multiple (x)Revenue multiple (x)Lead partner (s)
RecapitalisationCompletedSleep Care-

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