Crossover Health Raises $168M in Series D Financing

Crossover Health

Crossover Health, a San Clemente, Calif.-based tech-enabled, national healthcare organization, raised $168m in Series D financing.

The round was led by Deerfield Management Company with participation from new investors Perceptive Advisors, OrbiMed Advisors, Foresite Capital, Avidity Partners, SharesPost100 Fund, Irving Investors, and PFM Health Sciences.

The company intends to use the funds to continue the national expansion of its Connected System of Health for employers and payers.

Founded in 2010 by Scott Shreeve, MD, Founder and Chief Executive Officer, Crossover Health is a relationship-based, tech-enabled national healthcare organization that provides comprehensive and coordinated healthcare to self-insured employers and health plans, inclusive of primary care, physical medicine, mental health, health coaching, and care navigation to control healthcare costs while enhancing both quality and experience.

A Gurnet Point Capital portfolio company, Crossover Health currently services over 400,000 eligible employees and dependents throughout the country. Its Connected System of Health creates a national network that delivers online care in all 50 states, as well as in-person care in 48 health center in 11 states. These health centers are located either on employer campuses, near employer campuses, or in the neighborhoods where eligible members and their families live.