Wellvana Health Announces $84 Million Capital Raise To Drive Innovation In Value-Based Care Enablement
PRIVATEMar 27, 2023
Amount Raised
$84 Million
Round Type
Funding Round
NashvilleHealthcareHealth CareMedical
Description
Wellvana Health announced today that it has closed an $84 million capital raise to drive innovation in value-based care enablement for independent primary care physicians, specialists, and health systems. The investment is co-led by Nashville-based Heritage Group and Valtruis, a Welsh, Carson, Anderson & Stowe (WCAS) company, and joined by Memorial Hermann Health System, the largest not-for-profit health system in southeast Texas. This round brings Wellvana's total funding since November 2020 to approximately $140 million. Nashville-based Martin Ventures led former funding rounds with partnership from First Trust Capital Partners and Adam Boehler.
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Company Information
Company
Wellvana
Location
Nashville, Tennessee, United States
About
Wellvana Health helps doctors deliver life-changing health care with a high-touch value-based care model for high-performing partners across independent primary care physicians, specialists, and health systems. Transitioning providers from traditional fee-for-service payment models to risk-based contracting, Wellvana is on a mission to improve patient outcomes and quality of care while reducing medical costs. Wellvana believes value-based care is local care, offering providers a flexible model for partnership, including acquisition, joint ventures, or affiliate models. Founded in 2019, Wellvana currently serves health care providers in 22 states, manages lives across multiple payors, and continues to expand its footprint in new communities.
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NashvilleHealthcareHealth CareMedical