Devoted Health raises $1.2B to fuel Medicare Advantage growth
What's the deal? Devoted Health, a Medicare Advantage insurer and medical group, has raised nearly $1.2 billion in fresh funding. The round follows the company enrolling hundreds of thousands of new senior members.
What's the endgame? Devoted Health sells private Medicare plans to seniors while also running its own medical group. The new capital is tied to its push for growth across both the insurance and care-delivery sides of the business.
The signal: US$776.5M raise marks one of the larger health tech financings of the year, underscoring continued investor appetite for companies targeting the Medicare Advantage market.
Read more: endpoints.news
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