Yorktel announced the expansion of its healthcare practice to form a new company, Caregility. The new company will be comprised of Yorktel’s entire healthcare practice team and focus on enabling end-to-end virtual care and communication solutions to the healthcare industry. Both Caregility and Yorktel will be separate subsidiaries of YTC Holdings.
Caregility has developed a platform with a suite of software and related services which is offered as a Software as a Service (SaaS) business model. The new business structure is designed to allow Caregility to leverage Yorktel’s healthcare experience, while enabling Yorktel to focus on growing its set of AV, IT and collaboration solutions.
Ron Gaboury, who is CEO of Yorktel, will remain CEO of the entire organization, working with each subsidiaries’ leadership team to direct company strategy and business objectives while monitoring overall corporate performance. Michael Brandofino, formerly COO of Yorktel, has been named President and COO of Caregility. And Ken Scaturro, currently CRO of Yorktel, has been named President and COO of Yorktel.
“We are proud of what Yorktel has accomplished in the development of UHE, our telehealth platform, and its associated applications and solutions,” Gaboury said. “Our initial investments enabled us to establish a robust product road map, and we are excited to see where we can take the line of business. With that in mind, management decided this was the perfect time to move the healthcare practice into a separate organization and seek additional investment. This new investment will allow us to expand our development team, enhance our support infrastructure and pursue healthcare focused sales and marketing efforts.”