Add-on Acquisition • Internet Software and Services

Cobalt Ventures Exits RecoveryOne

On December 10, 2024, TailorCare invested in internet software and services company RecoveryOne from Cobalt Ventures

Investment Context
  • This is TailorCare’s 1st transaction in the Internet Software and Services sector.
  • This is TailorCare’s 1st transaction in the United States.
  • This is TailorCare’s 1st transaction in California.

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Investment Summary

Date December 10, 2024
Target RecoveryOne
Sector Internet Software and Services
Investor(s) TailorCare
Sellers(s) Cobalt Ventures
Deal Type Add-on Acquisition

Target Company

RecoveryOne

San Francisco, California, United States
RecoveryOne partners with health plans and self-insured employers to provide a digital physical therapy platform to their members. RecoveryOne was founded in 2014 and is based in San Francisco, California.
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Investor Overview 1

Investor

TailorCare

Chicago, Illinois, United States

Category Company
Sector Healthcare Services
DESCRIPTION

TailorCare is a healthcare company that provides personalized care navigation and support, helping patients make informed decisions about treatment options and improving outcomes while reducing costs. TailorCare is based in Chicago, Illinois.


Deal Context for Investor #
Overall 1 of 2
Sector: Internet Software and Services 1 of 1
Type: Add-on Acquisition 1 of 2
State: California 1 of 1
Country: United States 1 of 1
Year: 2024 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-09-10 Stabl

Toronto, Ontario, Canada

Stabl is a healthcare software company specializing in computer vision technology for patient monitoring. Stabl is based in Toronto, Ontario.

Buy -

Seller Profile 1

DESCRIPTION

Cobalt Ventures is the private equity investment arm of Blue Cross and Blue Shield of Kansas City. The Firm looks to invest $10 to $75 million (majority or minority positions) to support scalable, high-growth healthcare companies that are seeking to increase the overall quality of healthcare services, improve outcomes and lower costs for customers and members. Specific areas of interest include home healthcare/hospice, outpatient services, telehealth, pharmaceutical distribution, and tech-enabled healthcare services. Cobalt Ventures is based in Kansas City, Missouri.


Deal Context for Seller #
Overall 3 of 3
Sector: Internet Software and Services 1 of 1
Type: Add-on Acquisition 3 of 3
State: California 1 of 1
Country: United States 3 of 3
Year: 2024 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-09-19 Rx Savings Solutions

Overland Park, Kansas, United States

Rx Savings Solutions (RxSS) is an innovative software company focused on pharmaceutical drug cost containment for employers, employees, and payers. Rx Savings Solutions was founded in 2012 and is based in Overland Park, Kansas.

Sell $875M