ConcertoHealth, an Irvine, CA-based provider of healthcare services for complex, frail, elderly, and Medicare-Medicaid dual-eligible patients, completed a $30m equity funding round.
The round was co-led by Aboretum (Ann Arbor, MI) and Deerfield Management Company (New York, NY). In conjunction with the funding, Leslie Henshaw, partner, Deerfield Management Company will join ConcertoHealth’s board of directors while Tim Petersen, managing director, Arboretum Ventures, will remain chairman.
The company intends to use the funds to expand its care model with new and existing payor partners.
Led by Alec Cunningham, president and chief executive officer, ConcertoHealth integrates clinical care with social services to provide complex, frail, elderly, and dual-eligible patients with individualized primary and preventive care in any setting — be it in a ConcertoHealth Care Center, at home, in the hospital, or in an outpatient setting. The company’s Care Model includes hospital-based physicians, nurse case managers, care coordinators, social workers, pharmacists, dieticians, and logistical supports, among others. Its proprietary population health management technology provides physicians with the tools required to accept accountability for patient outcomes.