Providence Spins Out Praia Health with $20M in Oversubscribed Series A Funding Led by Frist Cressey Ventures to Scale New Consumer Platform for Health Care

Healthcare IT Today May 3, 2024
Healthcare IT News

Following Providence’s Successful Implementation, Community Health Network Becomes Praia Health’s First External Customer; Praia Health Welcomes Seventeen Health Organizations to the Ecosystem as Program Partners

Praia Health, a newly formed digital health company, today announced the closing of a $20 million oversubscribed Series A financing led by Frist Cressey Ventures and backed by SignalFire, Epsilon Health Investors, and Providence Ventures. The funding will bolster the platform’s ability to revolutionize the delivery of individualized health solutions at scale, enabling digitally driven health system transformation.

“Praia Health represents our dedication to support both our patients and caregivers, bringing identity-driven personalization to the communities we serve,” said Rod Hochman, M.D., President and CEO at Providence. “Through our incubation model, we have been able...

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