Historic funding from main strategic and monetary traders will assist speed up the corporate’s mission to measurably enhance outcomes for sufferers residing with polychronic illnesses, together with continual kidney illness and end-stage renal illness.
NASHVILLE, Tennessee., January 9, 2023 /PRNewswire/ — Monogram Well being, a specialty, value-based supplier of evidence-based dwelling care and advantages administration companies for sufferers residing with polychronic situations, together with continual kidney illness and end-stage renal illness, immediately introduced that closed the $375 million of latest financing. This historic progress funding spherical included investments from main strategic traders CVS Well being, Cigna Ventures, Humana, Memorial Hermann Well being System, and SCAN, in addition to new and present monetary traders, together with TPG Capital, Frist Cressey Ventures, Heritage Group, Pura Life. Investments and Norwest Enterprise Companions, amongst others.
Monogram will use the proceeds of the funding to proceed to help the fast and widespread rollout of the corporate’s revolutionary polychronic and renal dwelling care supply mannequin, in addition to its vary of evidence-based scientific companies pushed by expertise, together with advanced case and illness administration. , utilization administration and drug remedy administration. This revolutionary mannequin of care transforms the best way care is delivered to individuals with comorbid kidney illness and metabolic issues and has been proven to dramatically enhance affected person outcomes and high quality of life whereas lowering medical prices in your entire healthcare course of, enhancing entry and affordability. for all.
“Monogram provides an revolutionary and built-in method to dwelling care supply that will increase entry and participation, reduces prices, and results in higher outcomes for sufferers managing continual kidney illness,” he mentioned. Todd Sisitsky, Chairman of TPG and Co-Managing Associate of TPG Capital. “We’re proud to proceed to accomplice with Mike and the Monogram workforce, together with a gaggle of world-class strategic traders, as they rework present care fashions and construct a value-based healthcare system that really meets the wants of all sufferers and communities throughout the nation,” added Kendall GarrisonAssociate of TPG Capital.
“At Monogram Well being, we actively handle sufferers’ kidney illness and a variety of acute and continual situations utilizing our proprietary evidence-based expertise and protocols,” he mentioned. mike uchrin, CEO and co-founder of Monogram Well being. “All the things we do is designed to enhance entry to care and well being outcomes for polychronic sufferers by supporting their particular person wants in their very own houses, reworking the affected person expertise, particularly for individuals who have traditionally been underserved.”
For the greater than 37 million American adults residing with continual kidney illness, entry to the type of specialty care Monogram gives is crucial. Monogram’s transformative, high-touch, in-home mannequin is pushed by the corporate’s intensive market-based groups of physicians, led by physicians and nurse practitioners who’re supported by registered nurses, social employees, pharmacists and care administration groups. These suppliers and scientific specialists are bolstered by utilization administration groups that target hospital admissions and discharge administration, personalizing the expertise and take care of Monogram sufferers in practically four,000 US cities in 34 states.
With its new strategic syndicate, Monogram’s investor base now serves greater than 30% of Medicare Benefit members nationwide and helps greater than 40% of the US inhabitants.
“We based Monogram Well being with a selected eye for well being fairness,” mentioned Sen. bill due date, MD, Chairman of the Board of Monogram and Associate at Frist Cressey Ventures. “Kidney illness impacts a disproportionate portion of deprived communities and communities of shade. Monogram has made leaps and bounds in providing sufferers and their households higher entry to much-needed well being companies whereas considerably enhancing the general affordability of your care This newest spherical of milestone progress funding with substantial new and present companions is pushed by our disciplined dedication and demonstration of excellent scientific outcomes These higher-quality outcomes for sufferers are made doable by our transformative method to ship evidence-based nephrology and polychronic care at dwelling.I’m proud to work alongside Monogram’s centered management workforce to proceed to propel the corporate because the sustainable scientific chief for sufferers worldwide. the US.”
BofA Securities acted as sole placement agent and Cravath, Swaine & Moore LLP acted as authorized counsel to Monogram in reference to the transaction.
About Monogram Well being
Monogram Well being is a number one value-based specialty supplier of evidence-based dwelling care and profit administration companies for sufferers residing with polychronic situations, together with continual kidney illness and end-stage renal illness. The corporate implements an revolutionary dwelling care supply mannequin and a wide range of technology-driven, evidence-based scientific companies, together with advanced illness and case administration, utilization administration, and remedy administration. with medicines to rework the best way healthcare is delivered to individuals with polychronic situations. . This revolutionary mannequin of care has been proven to dramatically enhance affected person outcomes and high quality of life whereas lowering medical prices all through the healthcare continuum. Based mostly on Nashville, Tennessee, and privately owned by Frist Cressey Ventures, TPG Capital, Norwest Enterprise Companions, in addition to different main monetary and strategic traders, Monogram Well being has quite a few value-based partnerships with main well being plans and risk-bearing suppliers serving sufferers in 34 states and all insurance coverage merchandise. To be taught extra about Monogram Well being, go to right here.
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kyle cooksey
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Monogram Well being
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615.485.5999
FONT Monogram Well being