sentivois a healthcare firm that has secured $75 million in fairness and debt financing to assist it broaden its aim of constructing high-quality healthcare extra accessible and reasonably priced.
Morgan Well being (a division of JPMorgan Chase & Co.), Ingleside Buyers, Cone Well being Ventures, F-Prime Capital Companions, B Capital, Cox Enterprises and MemorialCare Innovation Fund participated within the spherical.
The aim of the funding is to assist Centivo strengthen and broaden its product and know-how choices and construct crucial alliances with well being methods to attain financial savings and higher affected person outcomes whereas decreasing annual worker out-of-pocket prices by almost $1,200.
The corporate hopes to assist employers handle well being care prices by way of a three-pronged initiative: a sophisticated major care-centric mannequin powered by Centivo Care, an in-house digital major care follow; and partnerships with main accountable care organizations in 18 key markets (ACO) contracts straight, these organizations are targeted on offering elevated entry and high-value care in addition to “clear, technology-enabled member engagement and program administration platforms.”
“This spherical of funding is a crucial step towards guaranteeing extra hard-working Individuals and their households get the well being care they want with out having to pay sudden payments and fear about how one can pay for it,” Centivo CEO and co-founder Ashok Subramanian stated in an announcement.
“Our subsequent step is to broaden the variety of Individuals who can lastly have a well being plan they’ll afford and create extra heroes from employers who’re restoring affordability to well being care within the office.”
bigger development
2020, Centivo acquired $34 million in Collection B funding. This spherical of financing was led by B Capital Group, with participation from Outline Ventures; HarbourVest Companions; Nassau Avenue Ventures, AVG Fund; Bain Capital Ventures; Company Ventures; F-Prime Capital, Ingleside Buyers; Maverick Enterprise Capital; and Rand Capital.
2018, Centivo, a self-funded well being plan powered by a digital platform, has raised $34 million in a Collection A funding spherical led by Bain Capital Ventures, the corporate introduced at the moment. Different backers embrace F-Prime Capital Companions, Maverick Ventures, Bessemer Enterprise Companions, Ingleside Buyers, Rand Capital, Grand Central Tech Ventures, Oxeon Investments and particular person traders together with Jim Foreman, Ken Goulet and Kevin Hill.
