Evolent Health, an Arlington, Virginia-based provider of transformation solutions to health systems, secured $100m in Series B financing.
Backers included The Advisory Board Company and UPMC Health Plan, as well as new investor TPG Growth.
The company, which has now raised $124.5m, intends to use the funds to continue to expand its platform and increase its national network of health systems and team of value-based care experts.
Led by Frank Williams, CEO, Evolent provides health systems with clinical, analytical and financial capabilities.
It currently works with multiple health systems, including Piedmont Healthcare, WellStar Health System, Indiana University Health, MedStar Health and Premier Health.