Advantia Health, an Arlington, VA-based national provider of women’s healthcare, raised $45m in funding.
BlueMountain Capital Management, LLC (BlueMountain), a subsidiary of Assured Guaranty Ltd., made the investment. As part of the financing, Jim Pieri, Head of Private Healthcare at BlueMountain, and Ameya Agge, Managing Director at BlueMountain, will join Advantia’s board of directors.
The company intends to use the funds to grow its tech services, increase presence by bringing on more providers and additional women-focused specialties across the country, enable further acquisitions, and fund flagship women’s health practice in Washington, DC.
This funding comes after a year of rapid growth, including Advantia’s acquisition of Heartland Women’s Healthcare in the Midwest and Pacify, a telehealth app offering on-demand support to new mothers around the clock.
Led by Sean Glass, Founder and CEO, and Dr. Lisa Shah, Chief Medical Officer, Advantia provides healthcare services for women which leverage technology between visits to enable coordinated care.
The company currently provides direct care through more than 200 providers across 60 locations serving over 430,000 patients at its OB-GYN and coordinated specialist offices.
Advantia also enables health plans, state health organizations, hospital systems, and employers to deliver care through technology products including Pacify’s perinatal app.