(Photo by Juliana Reyes)
Less than two years after graduating from DreamIt Health, Aircare got acquired by RightCare Solutions, a Horsham-based, venture-backed Penn spinout that aims to prevent hospital readmissions.
That happened earlier this year. More recently, RightCare launched a mobile app based on Aircare’s technology.
Terms of the deal were not disclosed, but RightCare CEO Eric Heil confirmed that it was a technology acquisition.
Aircare CEO and cofounder George Xian Zeng is now working as a product marketing manager at Facebook, where he interned before launching Aircare. He received two acquisition offers, according to his LinkedIn. Zeng did not respond to a request for comment.
Heil and Zeng both got their MBAs from Wharton.
Aircare was backed by the Dorm Room Fund and Zeng spent some time working out of First Round Capital’s University City office last spring.
RightCare has 23 full-time employees, most of whom are based in Horsham, according to a spokeswoman.