What is ConcertoCare?
ConcertoCare, formerly ConcertoHealth Inc., operates as a leading risk-bearing provider focused on delivering field-based complex care to persistently high-cost and rising-risk patient populations. The company's multidisciplinary care teams engage patients in their preferred environments, whether at home or in a hospital setting. This patient-centric model has demonstrated a substantial impact on health outcomes, with a reported reduction of 47% in hospital admissions, 40% in readmissions, and 16% in emergency room visits for some of America's most vulnerable individuals. ConcertoCare's approach benefits patients, payers, and provider networks by improving overall health quality and managing costs effectively.
How much funding has ConcertoCare raised?
ConcertoCare has raised a total of $188.1M across 6 funding rounds:
Private Equity
$15.4M
Debt
$7.2M
Debt
$15.2M
Private Equity
$15.2M
Private Equity
$30M
Series B
$105M
Private Equity (2012): $15.4M, investors not publicly disclosed
Debt (2013): $7.2M, investors not publicly disclosed
Debt (2013): $15.2M, investors not publicly disclosed
Private Equity (2015): $15.2M, investors not publicly disclosed
Private Equity (2016): $30M backed by Deerfield Management Company and Arboretum Ventures
Series B (2022): $105M with participation from Wells Fargo Capital Finance, Vast Ventures, Obvious Ventures, SteelSky Ventures, Pennington Partners, Charles and Lynn Schusterman Family Foundation, and Deerfield
Key Investors in ConcertoCare
Wells Fargo Capital Finance
Wells Fargo Capital Finance is a provider of commercial finance solutions, offering a range of services including asset-based lending, traditional financing, and supply chain financing to businesses across various industries.
Vast Ventures
Vast Ventures is a venture fund that invests in disruptive companies focused on global impact, health, sustainability, and human potential, aiming to drive positive change across industries.
Obvious Ventures
Obvious Ventures is a venture capital firm that invests in companies creating a more sustainable, healthy, and equitable world, focusing on sectors like food, energy, and health.
What's next for ConcertoCare?
The recent major strategic investment positions ConcertoCare for accelerated growth and expanded service offerings. This capital infusion is expected to fuel further innovation in their care delivery model, potentially enabling broader geographic reach and deeper integration with healthcare systems. The company's focus on improving outcomes for high-cost populations aligns with current healthcare trends emphasizing value-based care and population health management, suggesting a trajectory towards becoming a dominant player in the managed care space.
See full ConcertoCare company page
