DispatchHealth, a provider of in-home medical care, has secured an additional $200 million in Series D financing, less than one year after closing a $135.8 million Series C round. Tiger Global led the Series D investment with previous investors Alta Partners, Echo Health Ventures, Humana, Oak HC/FT and Questa Capital funding the remainder of the round.
This latest investment brings the company’s total funding to more than $417 million and raises its valuation to $1.7 billion. DispatchHealth will use the funding to expand its platform for in-home medical care to a total of 100 markets and ensure its service is widely available in the United States.
“We’ve created the most complete platform that solves all aspects of delivering health care to the home including clinical logistics, care coordination and the delivery of caring medical professionals, all while improving health outcomes and lowering costs,” said Dr. Mark Prather, CEO and co-founder of DispatchHealth. “We anticipate the care continuum to continue to move into the home and we expect our platform to enable the movement of that $140 billion marketplace.”
“DispatchHealth has established itself as the most comprehensive provider of internet-enabled in-home healthcare in the United States and is well-positioned to continue improving access to quality, convenient care,” said Scott Shleifer, partner, Tiger Global. “DispatchHealth’s model is accelerating the shift to at-home care and we’re excited to back the leader in a large, underpenetrated market.”
The funding comes on the heels of a recent agreement with Humana to provide DispatchHealth’s Advanced Care to Humana Medicare Advantage members in select cities across the country.
DispatchHealth’s platform also enables the coordination of additional services, such as pharmacy and meal deliveries, physical and respiratory therapy, Durable Medical Equipment (DME) access and imaging services.
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