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05.03.26 - 16:06
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Greater Good Health Raises Series B to Improve Outcomes and Better Manage Medical Spend (Business Wire)
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EL SEGUNDO, Calif.--(BUSINESS WIRE)--Greater Good Health, a premier partner to risk-bearing organizations in managing total cost of care, announced today a $20.5 million Series B financing led by Allumia Ventures, along with up to $12.5 million in a venture debt facility from HSBC Innovation Banking. Participation came from new investors DaVita Venture Group and Granite Financial Holdings, the investment affiliate of Blue Cross of Idaho, as well as existing investors Flare Capital Partners, Optum Ventures, LRVHealth, Health Velocity, Martin Ventures, and Epsilon Ventures.
The US healthcare system is struggling with significant quality, cost, and access issues, along with a growing primary care physician shortage that is straining the industry further. This investment underscores the crucial need for accessible, high-quality, value-based primary care, particularly for adults on Medicare in underserved markets. Greater Good Health is dedicated to expanding access to high-quality, value-based care through it...
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