Arizona, USA-based company, offering affordable and comprehensive coverage for kidney health, Gold Kidney Health Plan raised USD 60 million in the latest financing. The company announced the closure of the funding round on December 27, 2022. Investment adviser managing private equity funds, focused exclusively on value-based care innovation, healthcare services, and AI and tech-enabled healthcare services, Chicago Pacific Founder (CPF) provided the investment for the firm.
Purpose of financing for Gold Kidney Health Plan
With the latest capital injection, Gold Kidney Health Plan intends to support its ability to offer new Medicare Advantage plan choices to patients with kidney diseases across the US. It seeks to leverage a unique Nephrology centric care model in order to achieve this.
Further, in the year 2023, in Arizona, Gold Kidney aims to launch the only ESRD C-SNP plans available for Medicare beneficiaries. It seeks to target patients living in Maricopa, Pinal, and Gila counties.
What the company’s officials have to add
Dave Firdaus, Gold Kidney’s Chief Executive Officer, said, “We are excited to partner with CPF in serving the underserved kidney patients today. CPF has an innovative business approach that serves both the care needs of our ageing population and the financial returns for investors.”
In addition, Gloria Long, Gold Kidney’s VP of Business Development, commented, “Additionally, Gold Kidney has a large and comprehensive network of contracted providers for both access and choice to its members. In Arizona, we contracted with prominent providers such as Banner Health, DaVita Dialysis, and US Renal Care.”
What the investor has to say
CPF Founder and Managing Partner Mary Tolan further said, “CPF is looking forward to a long and fruitful partnership with Gold Kidney. CPF believes that Gold Kidney is a market-leading Medicare Advantage product, purpose-built to uniquely serve patients with kidney disease. Their model, in partnership with leading nephrologists, will demonstrate superior clinical & patient outcomes.”
About Gold Kidney Health Plan
Dave Firdaus serves as the Chief Executive Officer of the company launched in 2021. Gold Kidney Health Plan is a Medicare Advantage Plan offering Medicare Advantage products for beneficiaries with Chronic Special Needs. The company currently holds an insurance license in Arizona and a Medicare contract from CMS (Center for Medicare Medicaid Services). Gold Kidney empowers nephrologists and Primary Care Physicians (PCPs). It aims to provide the right care at the right time in the right setting for their patients. The firm’s patient-centric care approach integrates payor, provider, and care management technology. It aims to effectively improve patient outcomes and quality.
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