What is Fidelis Care?
Fidelis Care is dedicated to offering comprehensive health insurance coverage across New York state, catering to individuals and families of all ages and life stages. Headquartered in Rego Park, New York, the company plays a crucial role in the state's healthcare ecosystem by ensuring access to essential medical services for its members. The recent major strategic investment signals confidence from financial partners in Fidelis Care's operational model and its capacity to scale its impact within the competitive health insurance landscape.
How much funding has Fidelis Care raised?
Fidelis Care has raised a total of $500M across 1 funding round:
Other Financing Round
$500M
Other Financing Round (2020): $500M with participation from CVC Capital Partners, Crestview Partners, and Pine Brook
Key Investors in Fidelis Care
CVC Capital Partners
CVC Capital Partners is a leading global private markets investment firm with a long history of investing across private equity, credit, secondaries, and infrastructure strategies. The firm manages a diversified portfolio of assets under management (AUM) that span numerous industries and geographies.
Crestview Partners
Founded in 2004, Crestview Partners is a private equity firm focused on middle-market contrarian and distressed investments, and special situations. The company specializes in companies based in the media, energy, financial services, healthcare, and industrial sectors.
Pine Brook
Undisclosed investor participating in the funding round.
What's next for Fidelis Care?
The substantial enterprise-level funding and recent strategic investment position Fidelis Care for accelerated growth and potential diversification of its health insurance offerings. This financial backing is likely to fuel strategic initiatives aimed at expanding its member base, enhancing technological infrastructure for improved service delivery, and potentially exploring new market segments or service lines within New York. The company's trajectory indicates a focus on solidifying its position as a leading health insurance provider through robust financial planning and strategic capital deployment.
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