DENVER – DispatchHealth, the country’s first comprehensive in-home, high-acuity medical care provider, said today that it has raised more than USD 330 million in equity and debt funding. Optum Ventures led the $259 million equity round, which included new investors Adams Street Partners and Blue Shield of California. They maintained backing from current investors Humana, Echo Health Ventures, Questa Capital, and Oak HC/FT. K2 HealthVentures, Silicon Valley Bank, and SVB Capital contributed USD 75 million in debt funding, with an additional USD 75 million available for expansion efforts, bringing the total funded to more than USD 400 million.
“We have been constructing a whole ecosystem of high acuity care in the home for the past seven years,” stated Dr. Mark Prather, Co-Founder, and CEO of DispatchHealth. “Our tried-and-true method of providing complicated patients care in their homes will continue to improve healthcare. This investment round demonstrates what our committed team members and we have accomplished at DispatchHealth and the trust our partners have in our cutting-edge care approach.”
Optum Ventures’ Managing Partner, Laura Veroneau, stated:
“DispatchHealth is reshaping the healthcare industry by increasing access to outcomes-driven, high-quality in-home care and providing patients with the enhanced experience they deserve. Optum Ventures is pleased to expand our partnership with DispatchHealth and its experienced leadership team as they continue to expand their reach of high-acuity, in-home care to serve patients with complex care needs across the country.”
Adams Street Partners Partner Tom Bremner stated:
“The comprehensive and unique ecosystem of in-home care provided by DispatchHealth is intriguing. Adams Street is happy to be able to assist DispatchHealth in expanding their system of care, particularly their high acuity hospitalization replacement model. DispatchHealth, we believe, is well-positioned to drive crucial and required innovations in the healthcare business.”
More about the company:
DispatchHealth provides high-acuity care to complex patients in 34 states, and has formed innovative partnerships with health plans, provider groups, health systems, employers, senior living facilities, and home health organizations to provide a better, more coordinated healthcare experience.
DispatchHealth is also one of the largest and most experienced providers of Advanced Care, an alternative to a hospital, and Extended Care, an alternative to a skilled nursing facility. DispatchHealth has developed an operating system for high-acuity care in the home to help coordinate the complex ecosystem of in-home care. The proprietary technology platform manages all aspects of the in-home care experience, including logistics, onboarding, risk stratification, care coordination, and analytics that elevate clinical practice and drive improved outcomes using real-time data insights.
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