Pearl Health, a leading technology company focused on physician enablement and risk-bearing in value-based care, announced today that it has raised $75 million in an oversubscribed Series B funding round led by Andreessen Horowitz’s Growth Fund and Viking Global Investors, with AlleyCorp, SV Angel’s Growth Fund, and other leading investors participating.
The round includes $55 million in equity capital and an expected $20 million in a line of credit, bringing Pearl’s total funding to more than $100 million.
Pearl Health is well positioned with this new round of funding to expand its reach within primary care, develop new partnerships, broaden the offerings available to its provider partners, and invest more in research and development to accelerate innovation.
“We are grateful to have the support of such esteemed investors as we continue to build technology that enables physicians to provide better care for their patients and helps our healthcare system transition from volume to value,” said Pearl Health Co-Founder and CEO Michael Kopko. “This latest round of funding, combined with our previous investments, will allow us to expand our network and accelerate the development of innovative solutions that place providers at the center of healthcare delivery and cost management”- according to PRNewswire.
Pearl Health’s technology employs data science to assist primary care providers in focusing their attention on patients most likely to require it, allowing physicians and clinical staff to transition to a more proactive care model that will enable them to invest in preventative care and provide more holistic, personalized treatment.
Over the last year, Pearl has partnered with over 800 primary care providers across the country, resulting in more than 10x year-over-year growth and expanding the company’s reach from 10 to 29 states. This expansion reflects a strong trend in healthcare toward physician enablement technology and programs that assist providers in performing in new value-based care payment models.
