Employer Direct Healthcare (EDH) Announces $92 Million Investment from Insight Partners, $1 Billion Valuation
Summary
"Were grateful for Insight Partners significant vote of confidence as we continue to deliver excellent, affordable, and accessible specialty care for more communities. Further, this investment provides an attractive outcome for some of our earliest backers, including TEXO Ventures, while bringing Insights world-class capabilities to bear for the future of the business. ""EDH represents the next generation of value-driven healthcare, attacking the largest sources of spend for U.S. employers surgery and cancer with a laser focus on quality and cost for clients and their employees," said Scott Barclay, Managing Director at Insight Partners. "EDH helps to ensure that were able to provide access to high-quality, affordable surgical care for our AutoZoners across the U.S.."In the coming year, EDH will continue to build on market momentum and strong overall growth, including expansion of Cancer Care Direct, the industrys first end-to-end oncology solution, and several key partnerships with national health plans, navigators, and other industry-leading employer solutions.EDH is also pleased to announce a number of key executive hires who bring deep, differentiated experience across healthcare, benefits consulting, technology, and government, including Chief Growth Officer Jamie McLeod, who previously held senior roles at One Medical and Virgin Pulse; Chief Product Officer Jeremy Leventhal, who previously held senior product roles at Hinge Health and Springbuk; Chief Client Officer Lindsey Conon, previously SVP of Account Management at Progyny; Chief Marketing Officer Shelly Towns, previously CMO at Marathon Health; Head of Communications Amy Dudley who served in top communications roles for then-Vice President Joe Biden, U.S. Insights mission is to find, fund, and work successfully with visionary executives, providing them with tailored, hands-on software expertise along their growth journey, from their first investment to IPO.