In a significant development for the addiction treatment sector, Aware Recovery, an innovative provider of in-home addiction treatment, has successfully raised $3.5 million in a funding round led by Connecticut Innovations. This follows a remarkable $35 million Series B funding round the company secured just a year ago. The new capital, sourced from loans and potential future investments, will help Aware Recovery accelerate its innovative efforts, expand its service offerings, and strengthen its partnerships with key stakeholders in the healthcare ecosystem.
This funding round marks a pivotal moment for Aware Recovery, a company that has rapidly gained traction by offering personalized and effective in-home addiction treatment in the comfort of patients’ homes. As the company looks to broaden its impact and reach, this new influx of capital is expected to fuel its mission of delivering high-quality, accessible addiction care to individuals across the United States.
Aware Recovery’s In-Home Addiction Treatment Model
Unlike traditional inpatient rehabilitation programs, Aware Recovery offers a unique, in-home addiction treatment approach to substance use disorder treatment. By providing care in the home setting, Aware Recovery ensures that patients receive tailored, individualized treatment plans, allowing them to recover in a comfortable, familiar environment. This model has proven particularly beneficial for individuals with alcohol, opioid, and other substance use disorders who may find traditional rehabilitation centers intimidating, inconvenient, or difficult to access.
The in-home addiction treatment model has several key advantages. Patients receive one-on-one care and therapy from experienced, certified professionals, ensuring that their treatment is highly personalized. Additionally, the comfort and privacy of being at home can reduce the stigma often associated with addiction treatment and make it easier for patients to engage with their recovery journey. With services available across 11 states—Connecticut, Florida, Georgia, Indiana, Kentucky, Maine, Massachusetts, New Hampshire, Ohio, Rhode Island, and Virginia—Aware Recovery has already made significant strides in making addiction treatment more accessible to people who might otherwise struggle to find the right care.
The company’s in-home addiction treatment model also has the advantage of offering greater flexibility. Patients can receive treatment at times that fit their schedules, making it easier for them to maintain their daily routines while focusing on recovery. This flexibility can be especially important for individuals with family obligations, work commitments, or other personal responsibilities that might prevent them from seeking traditional inpatient care.
Expanding Partnerships to Broaden Reach
The new capital raised will help Aware Recovery build on its existing success and expand its network of partnerships. In particular, the company is focused on collaborating with state government entities, Accountable Care Organizations (ACOs), physician groups, and self-insured employers. These partnerships will enable Aware Recovery to extend its innovative in-home addiction treatment services to more individuals, reduce treatment costs, and integrate its care model into larger healthcare systems.
By forming these partnerships, Aware Recovery aims to reach a broader population and demonstrate the effectiveness of its in-home addiction treatment model in a variety of healthcare settings. The company’s goal is to become a key player in the national conversation around addiction treatment by offering a more flexible, accessible, and patient-centered alternative to traditional models of care.
Matthew McCooe, CEO of Connecticut Innovations, expressed enthusiasm for the company’s future, stating, “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. 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.”
As the company continues to grow, these strategic partnerships will be instrumental in strengthening Aware Recovery’s position in the market and ensuring that its services are available to even more individuals across the country. This expansion will help Aware Recovery fulfill its mission of providing personalized, high-quality addiction treatment that meets the needs of people from all walks of life.
Leadership Changes to Support Growth
Alongside the announcement of the new funding, Aware Recovery also revealed key leadership changes designed to guide the company through its next phase of expansion. Roy Sasenaraine has been appointed as the company’s new Chief Operating Officer (COO), while Kara Gaylord will serve as Senior Vice President of Business Development. These appointments bring significant expertise in both healthcare and business strategy, signaling Aware Recovery’s commitment to scaling its operations and driving innovation.
Sasenaraine, with a background in operations management and healthcare delivery, will play a crucial role in streamlining Aware Recovery’s operational processes and ensuring that the company is able to scale its services efficiently. Gaylord, who has extensive experience in business development and strategic partnerships, will focus on expanding the company’s network of healthcare providers and securing new collaborations with key industry stakeholders.
Together, these leaders are poised to help Aware Recovery navigate the complex and evolving healthcare landscape while maintaining the company’s core values of patient-centered care, innovation, and accessibility. With their leadership, Aware Recovery is well-positioned to continue its growth trajectory and remain a leader in the field of in-home addiction treatment.
A Slow Recovery of Funding in the SUD Space
While investment in the substance use disorder treatment space has slowed in recent years, Aware Recovery’s success in securing new capital demonstrates that there is still investor confidence in innovative approaches to addiction care. Despite the challenges posed by the COVID-19 pandemic and other factors, some companies in the SUD space have managed to secure funding to expand their services and scale their operations.
For example, earlier this year, hybrid SUD provider Eleanor Health raised $22.3 million to further develop its value-based care platform, which is designed to help individuals with addiction achieve long-term recovery outcomes. Additionally, Boulder Care raised $35 million in May to expand its virtual addiction treatment services, illustrating the growing demand for accessible and flexible treatment options.
These funding successes reflect a shift toward integrating technology and value-based care models in addiction treatment. Investors are increasingly recognizing the potential for digital health solutions and in-home addiction treatment to transform the way addiction care is delivered, making it more accessible and cost-effective for patients.
Looking Ahead: Aware Recovery’s Bright Future
With the new $3.5 million in funding, a growing network of partnerships, and a strengthened leadership team, Aware Recovery is well-positioned to continue its mission of making addiction treatment more accessible and effective. The company’s in-home addiction treatment model has already proven to be a transformative approach to addiction treatment, and its innovative strategies are expected to have an even greater impact as it expands its reach.
As Aware Recovery continues to scale its operations and refine its service offerings, it will play an increasingly important role in addressing the ongoing addiction crisis in the United States. With its patient-centered approach and commitment to quality care, Aware Recovery is poised to become a key player in the future of addiction treatment, providing individuals across the country with the tools and support they need to achieve lasting recovery.
For those struggling with substance use disorders, Aware Recovery’s innovative approach offers a beacon of hope, demonstrating that recovery is not only possible but also achievable in the comfort and security of one’s own home. As the company grows and evolves, its impact on the addiction treatment space will undoubtedly continue to expand, helping more individuals overcome addiction and reclaim their lives.
