AXIOS September 23, 2021
Dan Primack,Bob Herman

Devoted Health, a health insurance startup that focuses on Medicare Advantage plans, is raising up to $1.2 billion in new funding at around an $11.5 billion valuation, according to a Delaware stock authorization filing.

Why it matters: The Waltham, Mass.-based company serves around 40,000 seniors in four states, more than double from the first half of 2020, and wants to eventually become a nationwide provider.

Devoted reports a $27.2 million net loss on $247.3 million in revenue for the first half of 2021, according to insurance filings in Arizona, Florida, Ohio and...

Today's Sponsors

LEK
ZeOmega

Today's Sponsor

LEK

 
Topics: Insurance, Investments, Medicare Advantage, Payer, Trends
‘Borderline Useless’ CMS Data Needs an Overhaul, Starting with the Addition of Medicare Advantage to Cost Reports
Understanding facility, peer data called crucial to better Medicare Advantage negotiations
Medicare Advantage plan facing termination challenges star ratings methodology
Medicare Advantage Is Still Going Strong
When it comes to Medicare Advantage, couples stick together

Share This Article