Aledade Raises $123M Series E to Accelerate Growth in Medicare Advantage

Aledade closed a $123 million Series E funding round to support investments in value-based care for more seniors covered by Medicare Advantage (MA) and innovation that improves patient care and increases medical cost savings, including expanded offerings through its new health services subsidiary, Aledade Care Solutions. Returning investor OMERS Growth Equity led the round, which also included Fidelity Management & Research Company and other current investors.

Aledade was EBITDA-positive for the second straight year in 2021, with revenue of more than $300 million. Aledade now partners with more than 1,000 independent primary care practices, including more than 140 federally-qualified health centers, comprising more than 11,000 physicians in 36 states and the District of Columbia. Read more.

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