Alignment Healthcare, an Orange, California-based population health management company, received $115m growth investment.
Warburg Pincus, a global private equity firm focused on growth investing, made the equity investment.
The company intends to use the funds for continued growth and expansion into new markets.
Founded in 2013 and led by John Kao, president and CEO, Alignment Healthcare provides technology and an integrated healthcare coordination model that aims to reduce costs and improve lives by driving chronically ill and frail patients, providers and payers toward a common goal of wellness. With offices and care centers across the country, the company provides partners and patients with customized care and service, including clinical coordination, risk management and technology facilitation.
Alignment, which now serves more than 45,000 members across three states, offers HMO plan options to California residents through the Alignment Health Plan, and partners with select health plans in North Carolina and Florida.