Employer Direct Healthcare (EDH), a Dallas, TX-based specialty healthcare network solution provider, raised an investment of $92M from Insight Partners; at $1 Billion valuation.
EDH’s existing institutional investors, Serent Capital, Redmile Group and Dundon Capital, will maintain their ownership interest in the business.
The company intends to use the funds to expand operations and its business reach.
Led by John Zutter, CEO, EDH is a provider of healthcare services business offering solutions for self-funded employers and their members. The company’s selective provider networks transform healthcare for its members, facilitating access to care at fair prices nationwide. Its first product, SurgeryPlus®, is a surgical benefit solution, providing full-service concierge and network services to millions of covered members across 1000+ employers. In 2022, it launched a first of its kind, comprehensive end-to-end oncology solution, Cancer Care Direct®.
Over the past 12 years, EDH has facilitated more than 43,000 surgical journeys.
FinSMEs
19/12/2023