DispatchHealth, a Denver, CO-based in-home medical care provider, raised over $330M in Debt and Equity funding.
The equity round of $259M was led by Optum Ventures, with participation from Adams Street Partners, Blue Shield of California, Humana, Echo Health Ventures, Questa Capital and Oak HC/FT.
The debt financing of $75M come from K2 HealthVentures, Silicon Valley Bank and SVB Capital. Up to an additional $75M is available for growth initiatives.
The company intends to use the funds to further accelerate its in-home, technology-enabled system of care.
Led by CEO Dr. Mark Prather, DispatchHealth is building an in-home system of care and offers on-demand acute care and medical care for people of all ages in the comfort of their own homes. Its emergency medicine and internal medicine trained medical teams are equipped with the tools necessary to treat common to complex injuries and illnesses. DispatchHealth works closely with payers, providers, health systems, EMS, employer groups and others to deliver care in the home to reduce unnecessary emergency room visits, hospital stays and readmissions. It is partnered with most major insurance companies.
Today, DispatchHealth provides high acuity care to complex patients across 34 states and has developed innovative relationships with health plans, provider groups, health systems, employers, senior living facilities, and home health organizations to deliver a better, more coordinated healthcare experience. DispatchHealth is also one of the largest and most experienced providers of Advanced Care, a hospital alternative, and Extended Care, a skilled nursing facility alternative. To coordinate the complex ecosystem of in-home care, the company has created an operating system for high acuity care in the home. The proprietary technology platform uses real-time data insights to manage all aspects of the in-home care experience, including logistics, onboarding, risk stratification, care coordination and analytics that elevate the clinical practice and drive improved outcomes.