HarmonyCares Secures $200M to Expand Access to In-Home Primary Care
Summary
The funding round was led by General Catalyst, McKesson Ventures, and a large national payor which were joined by K2 HealthVentures and existing investors, Rubicon Founders, Valtruis, HLM Capital, and Oak HC/FT to expand HarmonyCares services to additional geographies and develop new technology to drive clinical outcomes and patient satisfaction at scale. As a result, these patients often face poorer health outcomes, increased preventable hospitalizations, and higher healthcare costs due to delayed treatment and unmanaged chronic conditions. For more than 30 years, HarmonyCares has led the industry in providing care for older adults living with serious health conditions. "Healthcare today lacks a platform at scale that comprehensively delivers services to our most complex patients in the convenience of their home," said Chris Bischoff, Managing Director at General Catalyst. Centerview Partners acted as the sole placement agent and Ropes & Gray LLP served as HarmonyCares legal counsel in connection with the transaction.