Sunday, February 28, 2021

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Aledade: Raises $100M in Series D Funding

  • Aledade, a Bethesda, Md.-based company enabling doctors to control health care, closed a $100m Series D funding round
  • Meritech Capital led the round, which also included new growth investors Tiger Global Management and IVP, and returning investor OMERS Growth Equity
  • The company also intends to use the funds to expand its value-based care model with health plans across the country
  • Aledade partners with independent practices, health centers, and clinics to build and lead Accountable Care Organizations (ACOs) anchored in primary care
  • The company now partners with nearly 800 independent primary care practices
  • The company manages roughly $12 B in health care spending through 35 Medicare and 51 other value-based contracts and Aledade ACOs care for nearly 1.2M patients

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