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- AbsoluteCARE
AbsoluteCARE Funding, Investors & Competitors
AbsoluteCARE has raised $252M across 3 funding rounds, most recently a $135M undisclosed-stage round in July 2025.
Last AbsoluteCARE funding round
$135M
Undisclosed stage · Jul 2025
Cumulative funding AbsoluteCARE raised
$252M
across 3 funding rounds
Key investors in AbsoluteCARE
Kinderhook Industries
CVS Health Ventures
Pacific Life
Lexington Partners
About AbsoluteCARE
AbsoluteCARE is a value-based primary care provider headquartered in Baltimore, Maryland, with clinics in Atlanta, Georgia. It operates intensive outpatient units for high-risk Medicare and Medicaid patients, delivering coordinated care including social services, behavioral health, and chronic disease management. Founded in 2000, the physician-led network partners with payers like Humana and Aetna to reduce hospitalizations.
Founded
2000
HQ
Website
Status
Privately held
Customer focus
B2C
Revenue model
Services
AbsoluteCARE Funding History
AbsoluteCARE has raised a total of $252M across 3 funding rounds.
AbsoluteCARE's first fundraising round was a $12M Series A in August 2016. The most recent completed round was a $135M undisclosed-stage round in July 2025.
AbsoluteCARE funding rounds
| Date | Stage | Investors | Raised | Deal Summary |
|---|---|---|---|---|
| Jul 2025 | Undisclosed stage | Pacific Life; Kinderhook Industries; Lexington Partners; CVS Health Ventures | $135M | AbsoluteCare, a Columbia, Maryland-based value-based integrated health care provider with 25 years of experience, secured $135 million in equity financing on July 22, 2025, from Kinderhook Industries (lead investor, also led the prior 2021 round), CVS Health Ventures, Pacific Life, and Lexington Partners. This growth capital round brings total equity raised to $240 million across two rounds, following a $105 million private equity investment in January 2021 and an earlier $12 million venture round in 2016. The funds will optimize operations, scale the concierge, primary care physician (PCP)-led care model, expand into four new markets and two states, and serve additional member populations, building on late 2024 expansion plans and the appointment of a chief growth officer. AbsoluteCare's Beyond Medicine model delivers holistic care addressing social determinants of health, behavioral health, primary and urgent care, and integrated pharmacy services to high-acuity, complex Medicaid and Medicare patients averaging 13 diagnoses, 10+ medications, and 60% with behavioral health or substance use issues. The company operates in 11 markets including Baltimore and Prince George's County MD, Chicago IL, multiple Ohio cities (Akron, Cincinnati, Cleveland, Columbus, Dayton), New Orleans LA, and Philadelphia and Pittsburgh PA, providing services in urban community care centers, hospitals via rounding, and at-home visits in collaboration with community partners. The model demonstrates strong outcomes with a 34% reduction in emergency department visits, 20-30% lower total cost of care, and 75-80% member engagement, supporting value-based care in Medicaid where it is rare at scale. Investors expressed confidence in these results and the potential for nationwide scaling to improve health outcomes and cost savings for vulnerable populations. |
| Jan 2021 | Undisclosed stage | Kinderhook Industries (lead) | $105M | AbsoluteCare is a value-based primary care provider specializing in high-acuity Medicaid and Medicare patients, offering integrated services including primary care, social and behavioral counseling, and extensive patient outreach to address social determinants of health and improve outcomes while reducing costs. On January 7, 2021, Kinderhook Industries announced a $105 million investment in AbsoluteCare, marking it as their 16th healthcare services platform, with additional transaction terms not disclosed. The funding aimed to support expansion of AbsoluteCare's care model and geographic footprint to serve more vulnerable populations across the U.S. Company leaders, including CEO Alan Cohn and Chief Development Officer Josh Cohn, highlighted AbsoluteCare's proven track record in lowering costs for insurance partners through better member care and outcomes. Kinderhook's Managing Director Chris Michalik praised AbsoluteCare as a first-mover in value-based care for complex Medicaid and Medicare members, emphasizing its integrated approach to bending the healthcare cost curve. The investment leverages Kinderhook's expertise to accelerate growth. A subsequent $135 million equity financing occurred in July 2025 from Kinderhook, CVS Health Ventures, Pacific Life, and Lexington Partners to further optimize operations and expand markets, bringing total equity raised to around $240 million across rounds. |
| Aug 2016 | Series A | - | $12M | - |
Who has invested in AbsoluteCARE?
4 investors have backed AbsoluteCARE across its funding rounds, including Kinderhook Industries, CVS Health Ventures, Pacific Life and Lexington Partners.
Lead investors include Kinderhook Industries.
AbsoluteCARE Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 2 | Lead | Jan 2021 | ||
| 1 | Participant | Jul 2025 | ||
This data is available for Pro users. Sign up to see all 4 AbsoluteCARE investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialAbsoluteCARE Competitors
AbsoluteCARE competitors include listed companies like Fortis Healthcare, UnitedHealth Group, HCA Healthcare and Alcon, and private ones like Myhealth Medical Group and IVC Evidensia.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $943M | $215M | $7B | 7.1x | ||
| Private | - | $15M | $134M | - | ||
| Publicly listed | $448B | $23B | $337B | 0.9x | ||
| Publicly listed | $76B | $16B | $93B | 1.9x | ||
| Publicly listed | $10B | $2.6B | $31B | 3.3x | ||
| Private | - | - | $14B | - |
AbsoluteCARE Public Comps
AbsoluteCARE is still privately-owned, but its public comps include UnitedHealth Group, HCA Healthcare, Alcon, Fresenius, Dr. Sulaiman Al Habib, Tenet Healthcare, IHH Healthcare, Rede D'Or São Luiz, Apollo Hospitals and Encompass Health.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $448B | $23B | 0.9x | 0.9x | 16.7x | 13.3x | |||
| $76B | $16B | 1.9x | 1.9x | 9.4x | 9.4x | |||
| $10B | $2.6B | 3.4x | 3.3x | 13.4x | 12.5x | |||
| $26B | $4.2B | 1.6x | 1.6x | 10.1x | 9.4x | |||
| $3.7B | $927M | 6.4x | 5.9x | 25.2x | 24.7x | |||
| $21B | $4.5B | 1.7x | 1.6x | 8.1x | 7.5x | |||
| $6.3B | $1.5B | 3.3x | 3.0x | 13.8x | 13.6x | |||
| $11B | $1.3B | 1.7x | 1.6x | 14.3x | 8.4x | |||
This data is available for Pro users. Sign up to see all AbsoluteCARE competitors and their valuation data. Start Free Trial | ||||||||
Common questions about AbsoluteCARE
| When was AbsoluteCARE founded? | AbsoluteCARE was founded in 2000. |
| Where is AbsoluteCARE headquartered? | AbsoluteCARE is headquartered in Baltimore, MD, United States. |
| Is AbsoluteCARE publicly listed? | No, AbsoluteCARE is a private, VC-backed company. |
| How much funding has AbsoluteCARE raised? | AbsoluteCARE has raised $252M across 3 funding rounds. |
| What was AbsoluteCARE's last funding round? | AbsoluteCARE's last funding round was a $135M undisclosed-stage round in July 2025. |
| Who are AbsoluteCARE's investors? | AbsoluteCARE's investors include Kinderhook Industries, Pacific Life, Lexington Partners and CVS Health Ventures. |
| Which companies are comparable to AbsoluteCARE? | Companies comparable to AbsoluteCARE include Fortis Healthcare, Myhealth Medical Group, UnitedHealth Group, HCA Healthcare, Alcon and IVC Evidensia. |
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