Health system VC arms back affordable healthcare company

Centivo, a healthcare company focused on providing affordable solutions for employers and their employees, has secured $75 million in equity and debt financing from the venture capital arms of Cone Health and MemorialCare Health System.

Advertisement

Greensboro, N.C.-based Cone Health Ventures and Long Beach, Calif.-based MemorialCare Innovation Fund were among participants in the financing round alongside B Capital, Cox Enterprises, F-Prime Capital, Ingleside Investors and Morgan Health, according to a Sept. 24 news release. 

Centivo plans to use the funds to accelerate its goal of making healthcare more accessible and affordable for working families.

At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.

Advertisement

Next Up in Digital Health

Advertisement

Comments are closed.