AbsoluteCare Raises $135 Million In Equity Financing Led By Kinderhook Industries And CVS Health Ventures
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See Similar DealsAbsoluteCare Raises $135 Million In Equity Financing Led By Kinderhook Industries And CVS Health Ventures
Summary
AbsoluteCare, a value-based integrated health care provider, has raised $135 million in equity financing to support its expansion and development efforts. The round involved participation from investors including Kinderhook Industries, CVS Health Ventures, Pacific Life, and Lexington Partners.
Summary of transaction details:
- Deal Type: Equity Financing
- Transaction Amount: $135,000,000
- Company: AbsoluteCare
- Key Executive: Mike Radu (CEO)
- Headquarters: Columbia, MD
- Notable Investors: Kinderhook Industries, CVS Health Ventures, Pacific Life, Lexington Partners
- Operational Markets: 11 markets across Maryland, Illinois, Ohio, Louisiana, and Pennsylvania
AbsoluteCare focuses on delivering comprehensive care through urban-based care centers and community-based outreach, including hospital rounding and in-home visits. The company's strategic approach aims to enhance the quality of health care services in the regions it operates.
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