New Century Health, a Brea, CA-based specialty benefit management company focused primarily on oncology and cardiology, has received a majority investment of undisclosed amount from Water Street Healthcare Partners.
In a privately negotiated transaction, Water Street and its co-investors committed to expanding the company’s services to a broader base of payers, providers and patients across the United States.
Founded in 2002, New Century Health has developed a proprietary technology platform that is designed to connect health plans, physicians and patients to coordinate care and improve quality in a cost-effective fashion.
Led by founder and president Joseph Perez, the company will use the proceed from the investment to grow at a national level. According to a press release, in the past three years, New Century Health has grown its revenues more than 200%.
The company also operates a regional office in Pembroke Pines, FL.