Vytalize Health Raises Over $50M Series B to Advance Value-Based Care
Apr 11, 2022
Vytalize Health, a leading value-based care platform for seniors, announced it has closed over $50 million in Series B financing led by Enhanced Healthcare Partners. The company will use the new capital to continue investing in its care delivery infrastructure, partner with Medicare Advantage and commercial plans, and expand its team. The round was also joined by Series A lead Kittyhawk Ventures, as well as Kawn Ventures, North Coast Ventures, and other existing investors.
"Our goal is to strengthen the special relationship between patients and their primary care doctors, which becomes the foundation for realizing the full potential of value-based care," said Vytalize Health CEO Faris Ghawi. "We're witnessing new frontiers that were previously unimaginable in healthcare, and we're excited to enable our doctors to be at the cutting edge of this next chapter."
Vytalize Health has grown its patient base 150% year-over-year and is now partnered with 280 primary care practices across 16-states. The company's all-in-one, vertically integrated solution for value-based care delivery is responsible for $2 billion in medical spending. The company is expanding into new markets while increasing the concentration of practices in existing ones and has begun contracting with regional and national Medicare Advantage plans.
"We have been actively searching for the right Medicare at-risk platform for the past 18 months. We are very excited to back Faris and the team as they continue to activate value-based care across the healthcare market," said Enhanced Healthcare Partners General Partner Samarth Chandra. "Vytalize Health and its network of practices have repeatedly demonstrated they can improve the quality of care for patients while also better managing healthcare spending overall."
Vytalize Health started as a Medicare-focused primary care practice in New York in 2014. The company developed a vertically integrated solution combining a risk-bearing entity, virtual and in-home clinic, and broad technology platform, which they then began offering to other primary care practices in 2017. Today, the company leverages this dynamic approach to support physicians caring for 130,000 senior patients. Last year, Vytalize acquired patient communication company MedPilot to allow them to manage the last mile of patient engagement. The company is now integrating the rest of the downstream network, including hospitals, specialty networks, ancillary providers, and digital health companies, to streamline the delivery ecosystem from end to end.
MTS Securities, LLC, an affiliate of MTS Health Partners, L.P., served as the exclusive placement agent.
About Vytalize Health
Vytalize Health is a leading value-based care platform helping primary care doctors strengthen relationships with their patients through data-driven, holistic, and personalized care. Vytalize provides an all-in-one solution including value-based incentives, smart technology, and a virtual clinic that enables small and large independent practices to succeed in value-based care arrangements. Vytalize's care delivery model transforms the healthcare experience for more than a hundred thousand Medicare beneficiaries across 16 states by helping them manage their chronic conditions in collaboration with their doctors.
Learn more at www.vytalizehealth.com or email [email protected]. For press inquiries email [email protected].
About Enhanced Healthcare Partners
Enhanced Healthcare Partners is a leading healthcare-focused private equity firm dedicated to making minority and majority investments in founder and entrepreneur-led lower middle-market companies. The EHP team has managed approximately $1 billion in equity capital and is comprised of professionals with deep healthcare, operations, consulting and investment management experience. The firm seeks to invest in companies between $50-$250 million in enterprise value, driving deep partnerships with management and founders to catalyze growth and build great organizations. For more information, visit enhancedhealthcare.com.
Learn more at www.enhancedhealthcare.com or email [email protected]
Press Release Service by Newswire.com
Original Source: Vytalize Health Raises Over $50M Series B to Advance Value-Based Care
‘High hopes’ as Indonesia’s women get another shot at national football league
Seven years after Covid-19 put the brakes on Indonesia’s new women’s football league, Zahra Naqiyyah will finally return to the field with “high hopes” for the women’s game in the country. Sunday’s matches in the Indonesia Women’s League will be the first since 2019 and a new chapter for women’s football in the Muslim-majority country of 290 million people. “I really believe that if Indonesia’s women’s football is properly managed, we can become a powerhouse in Asia,” Zahra said at a training...
Frankie Lor sets Stormy Grove on path to Hong Kong Mile with Group Two Sha Tin Trophy test
Frankie Lor Fu-chuen is hoping last season’s Classic Cup winner Stormy Grove can pass his first test on the road to the Group One Hong Kong Mile when he tackles Monday’s Group Two Sha Tin Trophy (1,600m). The Toronado galloper soared from the back of the field to collect the second leg of last season’s Classic Series, before running a mighty race to finish third in the Hong Kong Derby (2,000m) behind Invincible Ibis. His season ended prematurely on his next start, however, as he bled from both...
Promising Chinese teen basketball player joins top US high school, sparking training debate
A top American high school snapping up a talented Chinese teen basketball player once deemed “too short” to represent the national team has sparked debate online about the country’s rigid training and selection criteria. Zhang Yuchen, who has drawn similarities to Golden State Warriors star Stephen Curry, left Guangzhou for Phoenix on Wednesday to join the CIA Bella Vista’s men’s basketball team. Winning both the Chipotle High School Basketball Nationals and the EYBL Scholastic titles last...
Sydney’s wet weather has Zac Purton more hopeful than confident in Ka Ying Rising
Persistent rain in Sydney has Zac Purton more hopeful than confident in Ka Ying Rising as the champion sprinter bids to defend his crown in the Group One The Everest (1,200m) at Randwick on Saturday. Purton is concerned about Ka Ying Rising’s ability to handle a wet track, with Randwick rated a heavy 8 on Thursday after heavy rain earlier in the week and more showers on Thursday. The world’s best racehorse has only raced on an official rain-affected track once in Hong Kong, winning the 2024...
Asian Cup could be switched to 2028, tennis’ Six Kings Slam delayed over Saudi bomb fears
The Six Kings Slam tennis tournament originally scheduled for October has been pushed back to late December, Fifa’s esports finals have been postponed, and officials are considering whether to move the Asian Cup to 2028, after the recent attacks on Saudi Arabia. A strike on Riyadh’s international airport on Saturday killed at least 12 people and wounded more than 300, with Yemen’s Iran-aligned Houthi movement claiming responsibility for the deadliest attack in the kingdom in more than a...
ACL 2: Tai Po braced to face ex-England junior player on roll as coach in Far East
Mark Jackson was a good enough footballer to make 18 Premier League appearances for Leeds United; to play at Old Trafford, Goodison Park, Highbury and Anfield; and to keep the prolific Ian Wright off the scoresheet in an FA Cup victory over Arsenal. As a coach, he led Leeds’ under-18 and under-23 teams to league titles. None of that afforded Jackson a second crack at management in his native England, after his first chance with MK Dons lasted only 4½ months. Not for Jackson the mulligan that is...
Derby winner Massive Sovereign rolls back the years in dominant Happy Valley success
Former Hong Kong Derby winner Massive Sovereign rolled back the years with a devastating turn of foot to win at Happy Valley on Wednesday night and has Frankie Lor Fu-chuen dreaming of Group One targets. A dual winner in Ireland pre-import, the No Nay Never galloper was a revelation in his opening local starts, using a Class Three success as a stepping stone to Derby glory when trained by Dennis Yip Chor-hong in 2024. Injuries have plagued the six-year-old since, however, and he had only run...
Regulator expects Man City to face January showdown over breaches of Premier League rules
The chair of English football’s independent regulator has said he expects Manchester City’s appeal after being found guilty of more than 100 breaches of Premier League financial rules to be heard by January. City, who have repeatedly maintained they are innocent of the charges, are currently top of the Premier League table with six wins out of six following their 3-0 win over Liverpool last weekend. No sanction has yet been announced, but City could face a heavy points deduction leading to...
Culprits found, say sorry after sparking flashpoint during WTT China Smash final
A table tennis team from Chinese Taipei have issued a formal apology on Wednesday after video footage confirmed two of their junior players accidentally triggered a camera flash that disrupted the men’s singles final at the WTT China Smash in Beijing. The incident had initially drawn heavy scrutiny on Japan’s newly crowned world No 1 Sora Matsushima, who was penalised with a yellow card for abruptly interrupting play to complain about the flash and subsequently accused by fans of using...
A place in university the next goal for Chinese athlete Chen Yujie, Asia’s fastest woman
Fresh from a dominant showing at the Asian Games, teenage track star Chen Yujie is balancing professional training for next year’s world championships with preparations for the national college entrance examinations, setting her sights on a local university. At the recently concluded 20th Asian Games in Aichi-Nagoya, the 17-year-old bagged four medals before returning home to resume life in the final year of high school. Chen won gold medals in the 100m and two relays, and a silver in the...
Chris Waller admits ‘it looks a tough ask’ to beat champion Ka Ying Rising in The Everest
Chris Waller concedes “it looks a tough ask” to beat Ka Ying Rising as Sydney’s leading trainer bids to dethrone the Hong Kong champion with a dual-pronged assault on Saturday’s Group One The Everest (1,200m) at Randwick. New Zealand-born Waller will saddle top sprinter Joliestar and Angel Capital in the A$20 million (HK$109.87 million) feature, but he rates Ka Ying Rising as clearly the horse to beat despite the prospect of an unsuitable wet track. A sensational winner of 21 consecutive races,...
South Korean FA condemns ‘personal attacks, criticism’ of players as attempt to sow discord
South Korea’s football association has told fans to stop “excessive personal attacks”, warning of the “psychological burden” they could inflict on national team players in the crosshairs since their World Cup flop. Hong Myung-bo quit as coach after the team failed to advance past the group stage in North America, and Spanish interim manager Robert Moreno is awaiting word on a possible extension. With the Asian Cup scheduled to take place in January in Saudi Arabia, the national side are engulfed...
YOUR NEWS, OUR NETWORK.
Do you have Great News you want to tell the world?
Be it updates about your business or your community, you can make sure that it’s heard by submitting your story to our network reaching hundreds of news sites across 6 verticals.