Orange, CA ; 3/5/20
Amount Funded: $135 Million
Type: Series C
Investor(s): Fidelity Investments, T. Rowe Price, Durable Capital Partners
Total Funding to Date: $375 Million
Company Description: “Alignment Healthcare is redefining the business of health care by shifting the focus from payments to people. We’ve created a new model for health care delivery that cuts costs and improves lives by unraveling the inefficiencies of the current system to drive patients, providers and payers toward a common goal of wellness. Harnessing best practices from Medicare Advantage, our innovative data-management technology allows us to commit to caring for seniors and those who need it most: the chronically ill and frail. Alignment Healthcare provides partners and patients with customized care and service where they need it and when they need it, including clinical coordination, risk management and technology facilitation. Alignment Healthcare offers health plan options to California residents through Alignment Health Plan, and partners with select health plans in North Carolina to help deliver better benefits at lower costs.”
What funding will be used for: Growing company’s Medicare Advantage footprint, deepening its investments in tech platform and plan offerings.
“Caring for our nation’s seniors has been Alignment’s mission since our founding seven years ago when we launched a new model designed to reduce waste in the system by coordinating quality care around the patient, no matter where they are. The growth we’ve since experienced is a testament to the impact our model is having in improving outcomes for seniors every day, and we look forward to continuing to advance and transform the health care experience.”
-John Kao, founder and CEO, Alignment Healthcare
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