Aledade Secures $260 Million Series F Financing Round to Expand and Enhance Services for its Nationwide Network of Primary Care Practices

Company Adds Two Board Members and a Senior Executive to Lead its Medicare Advantage Business Aledade, the largest network of independent primary care practices in the country, today announced the closing of a $260 million Series F funding round to enhance and acquire services and technology to support its practices. The round was led by new investor Lightspeed Venture Partners, with participation from Venrock, Avidity Partners, OMERS Growth Equity, and Fidelity Management & Research Company. The funds raised in this financing will be used to further accelerate the growth of Aledade’s primary care network and strategic alliances with national and regional health plans, while continuing to enhance the technology and support the company provides to its partner practices and their patients. “After a decade of experience with different value-based models, it’s clear what works – giving primary care accountability for the total cost and quality of care. We founded Aledade in 2014 on the premise that we can scale the success of value-based primary care,” said Farzad Mostashari, MD, Co-Founder and CEO at Aledade. “With this financing, we can be opportunistic in identifying and acquiring additional capabilities into the Aledade platform that will enable the largest network of independent primary care in the country to consistently drive the best results in value-based care.” “We are thrilled to support Aledade in their mission to deliver on the promise of value-b...
Source: EMR and HIPAA - Category: Information Technology Authors: Tags: Health IT Company Healthcare IT Aledade Avidity Partners Dr. David Blumenthal MD MPP Dr. Efrem Castillo Farzad Mostashari MD Fidelity Management & Research Company Galym Imanbayev MD Health IT Funding Health IT Fundings Health IT Inv Source Type: blogs