AbsoluteCare, a value-based care provider focused on complex and underserved patient populations, has raised $135 million in new funding to support its continued expansion across the U.S.
The investment, led by funds managed by Healthcare of Ontario Pension Plan (HOOPP) and joined by existing investor Kinderhook Industries, will help AbsoluteCare grow its footprint and deepen services in existing markets. The company partners with health plans to deliver comprehensive, preventative care to individuals with chronic conditions, often managing patients with high medical and social needs.
CEO Alan Cohn said the funding would help scale the company’s integrated care model and expand partnerships with payers focused on improving outcomes for vulnerable populations.
AbsoluteCare currently operates in several states and provides a mix of in-home, virtual, and center-based care through a team-based clinical approach.
