Del Mar, CA 7/29/2010 12:27:28 AM
News / Business

OneRecovery℠ Closes $7 Million in Series A Investment Lead by Lemhi Ventures

OneRecovery, Inc., the first health care social networking platform to connect peers and professionals, today announced a $7 million Series A investment lead by Lemhi Ventures, a venture capital firm with expertise in growing health care services companies. 

 

“We could not have selected a more intelligent and value added partner to support OneRecovery’s goal of helping people suffering from addiction live healthier lives,” said David Metzler, CEO and Founder of OneRecovery.  “This partnership will provide not just financial support, but also a breadth and depth of industry expertise to our team that will help us realize our mission of saving lives.”

 

“Lemhi Ventures invests in companies that benefit the healthcare services industry through disruptive change,” said Jodi Hubler, Lemhi Ventures Venture Partner and new Chairperson of the OneRecovery Board of Directors. “We believe OneRecovery is uniquely positioned to transform addiction treatment to significantly improve outcomes.”

 

The investment will be used to accelerate OneRecovery’s work with patients, providers and managed care companies to increase outcomes for patients suffering from addictions as well as increase community solutions for our members.

 

About OneRecovery

 

OneRecovery is a behavioral modification platform that increases outcome-driven wellness and reduces the cost of health care by using social networking technologies to extend the reach and benefits of professional medical and clinical care.  OneRecovery, Inc. was founded in 2007 and is located in Del Mar, CA. (www.onerecovery.com)

 

Contact Info

Drew Paxton, Chief Marketing Officer

dpaxton@onerecovery.com

(760) 409-4900