Providence spinout raises $20M for digital care platform

Providence's digital health spinout DexCare recently closed a $20 million investment round backed by the Renton, Wash.-based health system's innovation arm and Kaiser Permanente Ventures, according to a March 22 news release.

DexCare is a platform-as-a-service digital care operating system that manages health system capacity and demand across all lines of care. The platform has secured customers including Houston Methodist, the Froedtert and the Medical College of Wisconsin health network and Community Health Network.

Providence created DexCare in 2016 as the platform for its ambulatory care business but has since spun out the company after incubating it within its Digital Innovation Group.

DexCare is Providence's third tech spinout; the health system's innovation group's first was digital health company Xealth, which spun out in 2017, and then women's health tech company Circle, which was sold to Wildflower Health in 2018.  

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