Forbes March 4, 2020
Alignment Healthcare raised another $135 million as it expands deeper into new markets to sell its Medicare Advantage plans to seniors this year and beyond.
Alignment, which sells Medicare Advantage coverage in California and North Carolina doubled its California footprint this year by expanding into “eight greater Sacramento and Bay Area counties, where more than 862,000 Medicare recipients live,” the insurer said last fall.
Now, Alignment says it has new investors with Wednesday’s announcement that a $135 million round of funding is coming from Fidelity Investments, T. Rowe Price and Durable Capital Partners.
“The Series C round brings Alignment’s funding to-date to $375 million and will accelerate the growth of the company’s Medicare Advantage footprint while deepening its investments in...
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