Alignment Healthcare Secures $135M in Series C Funding
Summary
Alignment Healthcare, an Orange, CA-based mission-based Medicare Advantage insurance company, raised $135m in Series C funding. Backers included Fidelity Management & Research Company, funds and accounts advised by T. Rowe Price Associates, Inc., and Durable Capital Partners L.P. The round, which brings funding to-date to $375m, will accelerate the growth of its Medicare Advantage presence while deepening its investments in its technology platform and plan offerings. Founded in 2013 and led by John Kao, CEO, Alignment Healthcare provides a data-management technology platform and personal care team for clinical coordination, risk management and technology facilitation. The company offers health plan options to California residents through Alignment Health Plan, and partners with select health plans in North Carolina to deliver benefits at lower costs.