Espresso partners with IntellaTriage, extends credit facility to help scale the business

Brentwood, TN — July 10, 2024 —  Espresso Capital announced today that it has extended a senior credit facility to IntellaTriage, the United State’s leading provider of nurse-first hospice and home health triage solutions. The company will use the facility to drive growth and make further investment in its proprietary technology platform, IntellaHub.

“We are excited to be partnering with an outstanding capital provider like Espresso Capital,” says IntellaTriage’s CEO Daniel Reese. “As a historically underleveraged business, we welcome the more efficient capital structure and flexibility that Espresso’s credit facility gives us as we continue to scale our operations.”

Founded in 2008, IntellaTriage specializes in after-hours nurse triage services for post-acute care providers, primarily serving hospices and home health organizations. As one of the largest networks of remote licensed nurses in the post-acute care sector, IntellaTriage plays a critical role in alleviating the burdens that frontline healthcare clinicians face. 

One of the main uses of the credit facility will be to enhance IntellaHub, a proprietary platform that facilitates seamless communication among care teams, ensures accurate documentation within patient records, and provides data analytics and benchmark reporting for customers. “We have a number of new features and functionality planned that will reduce friction in after-hours processes, deliver better and faster patient care, and drive greater customer satisfaction,” says Reese.

“IntellaTriage delivers mission-critical after-hours nurse triage services to some of the largest hospices and home health agencies in the US,” notes Steven Michau, an Executive Director at Espresso Capital. “Daniel has built a great team, has supportive sponsors, and has a clearly defined vision for growing the company to meaningful scale. We look forward to partnering with him over this next phase of the company’s growth.”

“Every interaction we’ve had with Espresso has been positive,” notes Reese. “The team is reasonable, easy to work with, and didn’t throw up any artificial roadblocks along the way like some investors might. We talked to quite a few venture debt providers and quickly realized that Espresso was the clear choice to meet our needs.”

IntellaTriage recently announced IntellaHub’s first integration with the Homecare Homebase electronic medical records system in partnership with CommonSpirit Health at Home, part of one of the United State’s largest nonprofit healthcare systems and a customer. The integration of these systems will help advance their shared vision of improving patient and caregiver experiences by prioritizing efficiency and accuracy. Continued technology advances will unlock new opportunities for IntellaTriage, including future integrations with EMRs across the industry and a future mobile app, making it easier to connect nurses with patients.

In 2023, IntellaTriage ranked among the top 5% on Inc.’s list of the 5,000 fastest-growing companies.

About IntellaTriage

Founded in 2008, IntellaTriage is the nation’s leading provider of after-hours nurse triage for hospice and home health providers, hospitals, physician groups, health plans, and specialty practices. Through customized protocols and cloud-based technology, IntellaTriage provides access to licensed, registered nurses 24 hours a day, seven days a week. As an integrated partner, IntellaTriage improves the patient experience while reducing nurse burnout and providing quality after-hours care. Learn more at intellatriage.com.

About Espresso Capital

Espresso Capital has been empowering fast-growing technology companies with innovative venture debt solutions since 2009. During this period, we’ve funded over 330 companies in the U.S., Canada, and the U.K., helping to accelerate growth, extend runway, and increase strategic flexibility with non-dilutive capital. Espresso is headquartered in Toronto, with offices in San Francisco, Chicago, and London. To learn more about how you can use venture debt to grow your business, visit espressocapital.com.