Cox Enterprises Invests In Digital Health Company Rimidi
Funding will allow company to expand to additional markets
ATLANTA, April 29, 2015 /PRNewswire/ -- Cox Enterprises announced today an investment in Atlanta-based Rimidi, a digital health company focused on diabetes and other chronic conditions. This marks a major milestone for the company, paving the way for Rimidi's expansion into additional markets and collaborative opportunities.
"We are thrilled to receive this investment from Cox Enterprises, a company that embraces innovation and collaboration and is helping shape the future of healthcare," said Lucienne Ide, Rimidi CEO. "The funding will allow us to accelerate the expansion of our solution that helps physicians and patients better manage chronic diseases."
Rimidi's flagship product, Diabetes+Me™, provides a cloud-based platform for diabetes management. Through its software platform, patients can track their health and lifestyle data, as well as obtain medical and nutritional information about their condition. The care team can leverage the data through proprietary analytics for better decision making for treatment options, population management and improved care.
The investment in Rimidi follows two health-related announcements earlier this year by Cox Communications, Cox Enterprises' broadband communications and entertainment division. In February, Cox Communications partnered with Cleveland Clinic to form Vivre Health, a groundbreaking strategic alliance to bring world-class healthcare to the home through innovative telehealth and home health solutions. The company also announced an investment in HealthSpot, a pioneer in patient and provider driven telehealth technology. Cox Enterprises' companies have long supported the healthcare industry through technology products and advertising solutions.
"Cox Enterprises is excited to work with Rimidi," said Alex Taylor, Cox Enterprises' executive vice president. "We like supporting local entrepreneurs like Lucie, and we are excited to see her transforming our healthcare system for the better. Data and analytics will help our communities be healthier and happier – some of the same reasoning that led us to invest in HealthSpot and set up Vivre, a joint venture with Cleveland Clinic."
About Cox Enterprises
Cox Enterprises is a leading communications, media and automotive services company. With revenues of more than $17 billion and approximately 50,000 employees, the company's major operating subsidiaries include Cox Communications (cable television distribution, high-speed Internet access, telephone, home security and automation, commercial telecommunications and advertising solutions); Cox Automotive (automotive-related auctions, financial services, media and software solutions); and Cox Media Group (television and radio stations, digital media, newspapers and advertising sales rep firms). The company's major national brands include Autotrader, Kelley Blue Book, Manheim, Savings.com and Valpak. To learn more about Cox's commitment to people, sustainability and our communities: CoxCSRReport.com
Rimidi is an Atlanta-based, woman-led digital health company bringing to market data analytics and disease management solutions. Its flagship product, Diabetes+Me™, is a software solution focused on empowering quality diabetes care for healthcare organizations and providers. Rimidi has received funding from SOURCE, a partnership between the Hitachi Foundation, Investor's Circle and Village Capital. The company also received funding from the JumpFund, whose mission is to invest women's capital in female-led companies with growth potential. For more information, visit www.rimidi.com.
SOURCE Cox Enterprises
For further information: Elizabeth Olmstead, Cox Enterprises, 678-645-0762; firstname.lastname@example.org, or Wendy Alpine, Rimidi, 404-641-6170; email@example.com
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