Orange, Calif.-based Alignment Healthcare, a population health management company, received $115 million infusion from New York City-based Warburg Pincus, a global private equity firm focused on growth investing.
Alignment Healthcare plans to use the funding to expand operations. The company, founded in 2013, developed a technology and integrated care coordination model that aims to improve care, reduce waste and decrease costs. The model focuses on patients with complex conditions in Medicare Advantage, Medicaid and commercial HMO populations. The company now serves more than 45,000 members.
"This partnership will provide Alignment with growth capital to explore new strategic partnerships and acquisitions that will support our continued rapid growth," said John Kao, president and CEO of Alignment Healthcare, in a statement.