Devoted Health, which was founded by Todd Park, who founded Athenahealth with Jonathan Bush, and Ed Park, a former COO and executive vice president of Athenahealth, hit $1.15 billion valuation in a Series D funding round.
Three things to know:
- Devoted Health, which provides Medicare Advantage coverage and home-based healthcare services for older adults, is expecting to close on $80 million in additional Series D funding, according to an Oct. 8 news release.
- After the added investment, Devoted Health will be valued at $1.99 billion.
- In August 2020, Devoted Health unveiled plans to grow its staff by about 55 percent. The health IT startup had 557 employees with plans to hire 300 employees that year. The company also reportedly is employing more physicians and expanding its healthcare services offerings as part of its business model, Insider reported in July.