Crossover Health, an Aliso Viejo, California-based provider of employee healthcare that develops on-site and near-site health centers, raised $92m.
Gurnet Point Capital made the investment, which results in Crossover Health management and the same Gurnet Point becoming principal shareholders of the company. As part of its investment, Christopher Viehbacher, Managing Partner at Gurnet Point Capital, and George Montgomery, Gurnet Point partner, will join Crossover Health’s Board of Directors.
The company intends to use the proceeds to expand operations as well as to redeem a portion of the existing preferred and common shares.
Founded in 2010 by Dr. Scott Shreeve, CEO and founder, Crossover Health provides companies throughout the country with a patient engagement and health technology platform to enable approximately 50,000 employees to get access to their health data and encourage an everyday approach to managing their own wellness.
In addition to its services to larger companies, the company has partnered with Willis Towers Watson to expand near-site health centers aimed at smaller employers or regional offices of large employers.
Crossover Health currently operates centers in the Bay Area, Austin, San Antonio and Boston, with plans to expand in Southern California, Dallas, Chicago and New York.