Medicare Advantage insurer Alignment gets new investors, predicts $1B in 2020 revenue

Alignment Healthcare raised another $135 million in funding, the seven-year-old Medicare Advantage company said March 4.

Fidelity Management & Research Co. provided the funds in the series C funding round. To date, Alignment has raised $375 million, which the insurer plans to use on growing its offerings and building out its technology platform.

Between 2014 and 2019, Alignment has seen 43 percent annual revenue growth. The health plan predicts 2020 revenue will total $1 billion. 

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