SCAN Group said on Tuesday that it signed a deal to invest in SafeRide Health, a non-emergency medical transportation broker, as part of its efforts to reduce barriers that seniors face in getting to healthcare appointments.
“SafeRide’s commitment to eliminating transportation barriers aligns with SCAN’s mission to keep seniors healthy and independent,” Sachin Jain, president and CEO of SCAN Group and SCAN Health Plan, said in a statement. Financial terms of the transaction weren’t disclosed.
SCAN Group owns SCAN Health Plan, a nonprofit Medicare Advantage plan that provides coverage to more than 270,000 seniors in California.
SafeRide Health works with health plans and their members to provide transportation to a variety of healthcare services, including dialysis infusions, oncology and wellness visits.
SafeRide Health marks SCAN's fifth investment as the company seeks to diversify its holdings while funding firms that have a focus on caring for seniors.
SCAN recently invested in MedArrive, a firm that uses a network of paramedics and other skilled healthcare workers to provide care services in the home in an effort to improve health outcomes.