MSP CareWorx nabs $17 mln in funding from Kayne Partners
CareWorx, an Ottawa-based managed service provider, has raised $17 million in financing. The source was Kayne Partners, the private equity affiliate of U.S. alternative investment firm Kayne Anderson Capital Advisors. As a result, Kayne Managing Director Leon Chen has joined the board. Founded in 2006 by CEO Mark Scott, CareWorx provides a suite of managed services for mid-market and senior care businesses. The company will use the funds raised to accelerate growth, expand existing services and security offerings, and undertake acquisitions. CareWorx's other backers include Wellington Financial, now CIBC Innovation Banking, and EPIC Capital.
20 March 2018•4 mins read
