Yorktel Spin-off will Focus on Telehealth Communications

On Sep 26, 2019

Eatontown-based Yorktel, a leading provider of IT services and solutions, announces the spin-off 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.

Poised for growth in a rapidly expanding market, 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 to better serve its healthcare customer base. The new business structure has Caregility leveraging and extending Yorktel’s incumbent healthcare expertise, while enabling Yorktel to focus on growing its closely-knit set of AV, IT and collaboration solutions.

Ron Gaboury, Yorktel CEO, 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.

“We are proud of what Yorktel has accomplished in the development of UHE, our telehealth platform, and its associated applications and solutions,” said Gaboury. “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.”

Michael Brandofino, formerly COO of Yorktel, has been named President and COO of Caregility, while Ken Scaturro, currently CRO of Yorktel, has been named President and COO of Yorktel.

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