Nashville-based Wellvana Health recently raised $84 million in funding, bringing its total funding since November 2020 to approximately $140 million. The company is dedicated to assisting doctors in delivering health care through a partnership model encompassing independent primary care physicians, specialists, and health systems.
Funding to Drive Continued Growth and Expansion
The funding round was led by Heritage Group and Valtruis, a Welsh, Carson, Anderson & Stowe (WCAS) company, with participation from Memorial Hermann Health System. Nashville-based Martin Ventures led previous funding rounds in partnership with First Trust Capital Partners and Adam Boehler. Wellvana Health plans to use the funds to support its continued growth in existing markets and expansion into new U.S. regions.
A Flexible Partnership Model for Health Care Providers
Founded in 2019 by CEO and board member Kyle Wailes, Wellvana Health offers providers a flexible partnership model, including acquisition, joint ventures, or affiliate models. The company’s care model is designed to help doctors deliver health care in collaboration with independent primary care physicians, specialists, and health systems.
Expanding Footprint in New Communities
Wellvana Health currently serves health care providers in 22 states, manages lives across multiple payors, and is actively expanding its footprint in new communities. This latest round of funding not only underscores the growing interest in innovative health care delivery models but also highlights the importance of investment in the industry to improve health care outcomes and accessibility for patients nationwide.
