AMOpportunities Closes Series A at $5.4 Million

Krista Smith
AMOpportunities
312.821.9020
‍krista.s@amopportunities.org

The clinical-training-as-a-service (CTaaS) pioneer will use the investment to increase capacity at medical schools and hospitals across the U.S.

CHICAGO

April 21, 2021

AMOpportunities, the Chicago-based pioneer of Clinical Training as a Service (CTaaS) announced today that it has closed its Series A round at$5.4 million. The round was led by OCA Ventures and co-led by HealthX Ventures (Madison, WI). Other investors include: PACE Healthcare,Chicago Early Growth Ventures, University of Chicago, Dreamit Ventures, and Wildcat LLC.

The company defines “clinical-training-as-a-service" as a platform that delivers clinical education sustainably for students, schools, and clinical sites such as hospitals. All future doctors need clinical training to graduate and enter the healthcare workforce. Due to staffing issues and overburdened administrators, hospitals are often unable to easily support this need for hands on clinical training.

The world is predicted to be short 18 million healthcare workers by 2030, according to WHO. COVID-19 has exacerbated the problem and demonstrated what a future shortage could look like.It’s clear a solution is needed. AMO is helping solve this serious problem by connecting hospitals, medical students, and medical schools on one easy-to-use CTaaS platform.

For medical schools, this means AMO helps increase enrollment capacity by connecting their students with hands-on clinical training opportunities. For hospitals, this provides increased medical talent and revenue, providing each hospital with up to $1.5 million a year in incremental revenue.

“AMO successfully navigated COVID-19, ending with a growth year due to exponential increases in demand from schools, hospitals, and students that will only continue in the coming years,” says Kyle Swinsky, CEO,AMOpportunities. Through 2021, AMOpportunities will expand further into clinical training for nursing students.

“AMOpportunities is on their way to solving the impending healthcare shortage and fulfilling their mission of providing critical hands-on clinical learning opportunities for medical professionals,” says Bob Saunders, general partner, OCA Ventures.

About AIM Equity Partners

About AIM EquityPartners AIM is a private equity firm specializing in partnering with software and tech-enabled service companies to identify and execute transformative plans that have a profound impact on the industries and customers they serve. As operationally-led technology investors, we have partnered with numerous teams to unlock new strategic priorities by collaboratively identifying customer journey pain points that lead to product adjacencies, more effective routes to market, and greater customer support and retention. Through increased investment in product infrastructure, new innovative product extensions, and buy-and-build strategies that accelerate time-to-market, we aspire to transform the value companies provide to their customers. The firm is headquartered in Los Angeles, California. www.aimequitypartners.com

About AMOpportunities, Inc.

AMO develops andmanages student clinical training for over 100 allopathic, osteopathic,nursing, PA, and allied health degree programs at 650+ institutions nationwideand internationally. By deploying a technology and services platform to tacklethe administrative and market-driven inefficiencies associated with traininghealthcare students, AMO increases the supply of quality clinical placementsites in the marketplace, enabling more students to enter the providerworkforce and providing facilities with a credible long-term strategy toaddress their workforce challenges. AMO is headquartered in Chicago, Illinois. www.amopportunities.org
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