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Skylight receives $25M to expand its credit facility to $75M, aimed at enhancing its operational capabilities.
PRIVATESep 30, 2026
Amount Raised
$25 Million
Round Type
Debt Financing
Mississauga
Description
Skylight has secured $25M to expand its credit facility, increasing the total to $75M. This funding will enhance the company's operational capabilities. The move aims to boost growth and improve financial flexibility. Investors in this round include existing stakeholders.
Company Information
Company
Skylight
Location
Mississauga, Ontario, Canada
About
Skylight Health Group is a healthcare services and technology company, working to positively impact patient health outcomes. The Company operates a US multi-state primary care health network comprised of physical practices providing a range of services from primary care, sub-specialty, allied health, and laboratory/diagnostic testing. The Company is focused on helping small and independent practices shift from a traditional fee-for-service (FFS) model to value-based care (VBC) through tools including proprietary technology, data analytics and infrastructure. In an FFS model, payors (commercial and government insurers) reimburse on an encounter-based approach. This puts a focus on volume of patients per day. In a VBC model, the providers offer care that is aimed at keeping patients healthy and minimize unnecessary health expenditures that are not proven to maintain the patient’s well-being. This places an emphasis on quality over volume. VBC will lead to improved patient outcomes, reduced cost of delivery and drive stronger financial performance from existing practices.
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Mississauga