Strategic funding and leadership additions position the company
for further growth and expansion of its in-home addiction treatment
services
WALLINGFORD, Conn., July 24,
2024 /PRNewswire-PRWeb/ -- Aware Recovery Care, a
trailblazer in in-home mental health and substance use disorder
treatment, today announced it has secured new funding in a round
led by Connecticut Innovations (CI), the state venture capital arm.
The company also announced new additions to its executive team
including Roy Sasenaraine as Chief
Operating Officer and Kara Gaylord
as Senior Vice President of Business Development.
"While Aware now operates in 11 states, the company's roots are
in Connecticut," said Brian Holzer, CEO of Aware Recovery Care. "With
our new strategic relationship with Connecticut Innovations, we are
well-positioned to reach more patients in need of the innovative
addiction services we provide."
This infusion of funds, coupled with strategic collaboration
with CI, will help Aware drive further innovation and expansion
while fostering greater collaboration with state government
entities, Accountable Care Organizations (ACOs), physician groups,
and self-insured employers. Notably, the Governor's Innovation Lab
at CI will facilitate connections with state partners to secure
pilots and contracts over the next year.
"Aware Recovery Care is the latest addition to our growing
portfolio of companies enhancing Connecticut's reputation as a leading hub for
innovation and impact," said Matthew
McCooe, CEO of Connecticut Innovations. "With its
groundbreaking programs and seasoned team of industry leaders, we
are excited to support Aware as the company expands the
availability of its transformative in-home addiction treatment
services."
Roy Sasenaraine joins Aware with
more than 20 years of diverse experience in healthcare operations
and management. He brings to the COO role a proven track record of
strategic planning and a history of operational excellence.
Gaylord has 20 years of experience as a multi-state behavioral
health executive building and leading business development teams,
opening new locations, and maintaining high census rates. As SVP of
Business Development, she assumes responsibility for driving growth
initiatives, expanding Aware's market presence, and leading the
business development team across our existing eleven states and
future expansion markets.
"Roy and Kara are seasoned executives each with long track
records of success leading multi-state, high-performing teams in
the field of behavioral health. I am excited to have them join our
already strong executive team to direct operations and drive future
growth efforts," said Holzer.
About Aware Recovery Care:
Aware Recovery Care helps people affected by addiction recover at
home through its groundbreaking, evidence-based in-home addiction
treatment (IHAT) model. By transforming the home into a treatment
center and delivering collaborative care with lived experience to
those in need, Aware empowers individuals and their loved ones to
thrive and make sustainable recovery possible. The program helps
clients learn new skills and daily habits to achieve and maintain
recovery, health, and wellness while remaining in their community,
thereby avoiding the often-difficult return home seen from
traditional treatment options. Aware now operates in 11 states (CT,
FL, GA, IN, KY, ME, MA, NH, OH, RI, VA) and is poised for further
expansion in partnership with established national and regional
payors, employers, and other stakeholders. Aware was certified as a
"Great Place to Work" in August
2022.
Learn more about Aware's impact on addiction.
About Connecticut Innovations:
Connecticut Innovations (CI) is the state's strategic venture
capital arm and the leading source of financing and ongoing support
for Connecticut's innovative,
growing companies. CI provides access to capital and its network of
talent and partners to help companies grow. For more information,
please visit Connecticut Innovations.
Media Contact
Uneeta Palmer, Aware Recovery
Care, 469-682-3484, upalmer@awarerecoverycare.com,
https://www.awarerecoverycare.com
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SOURCE Aware Recovery Care