Apricus Health Valuation, Funding & Investors

Apricus Health is valued at $1.5B as of January 2021.

Last Apricus Health valuation

$1.5B

Undisclosed stage · Jan 2021

Last Apricus Health funding round

$20M

Undisclosed stage · Jan 2021

Cumulative funding Apricus Health raised

$20M

across 1 funding round

Key investors in Apricus Health

  • Virgo Investment Group

Apricus Health Overview

About Apricus Health

Apricus Health is a telehealth provider offering direct primary care memberships with 24/7 access to physicians and navigators for diagnosing common conditions like infections, hypertension, and mental health issues. Available nationwide via app and video, it covers virtual visits, prescriptions, labs, and chronic disease management without insurance requirements. Apricus emphasizes personalized plans and preventive screenings.


Founded

2019

HQ

United StatesPhoenix, AZ

Status

Privately held

Customer focus

B2C

Revenue model

Subscription

Valuation

$1.5B (Jan 2021)

Apricus Health Valuation

Apricus Health is currently valued at $1.5B, based on its undisclosed-stage round in January 2021.

The $20M round was led by Virgo Investment Group.

Apricus Health valuation by funding round

Apricus Health valuation by funding round
DateStageValuation
Jan 2021Undisclosed stage$1.5B

Apricus Health Funding History

Apricus Health has raised a total of $20M across 1 funding round.

Apricus Health funding rounds

Apricus Health funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Jan 2021Undisclosed stageVirgo Investment Group (lead)$20M$1.5BApricus Health is an innovative healthcare company founded by prominent Arizona physicians, based in Scottsdale, AZ, focusing on value-based care, senior health management, and convenient access to medical services. It operates a health network with over 590 practitioners and 63 provider groups across 220 locations in Arizona counties including Maricopa, Pinal, Coconino, and Yavapai. Services encompass in-office visits, telehealth, personal care navigators, remote patient monitoring, free home medication delivery, and 24/7 access, with emphasis on chronic condition management to improve outcomes and reduce hospitalizations. On January 19, 2021, Virgo Investment Group made a $20 million growth capital investment in Apricus Health to support scaling operations amid rising demand for home or near-home care. The funding aligns with Virgo's strategy in health and wellness, enabling expansion of the care model across Arizona and the U.S. Huron Transaction Advisory LLC advised on the deal financially, with Snell & Wilmer L.L.P. providing legal counsel. One source reports the round at a $1.5 billion valuation. Apricus Health received CMS approval as a Direct Contracting Entity (DCE) for Medicare patients, incorporating benefit enhancements and engagement incentives in a value-based model, with implementation underway and full operations starting April 1, 2021, and plans for other states in 2022. The company integrates telehealth, care navigation, and connected care technologies to enhance patient experience and outcomes. Virgo's Managing Director Pooja Goel highlighted the potential for growth in these innovations.

Who has invested in Apricus Health?

1 investor has backed Apricus Health across its funding rounds, including Virgo Investment Group.

Lead investors include Virgo Investment Group.


Apricus Health Investors

Investors in Apricus Health by funding rounds participated
InvestorHQRoundsRoleFirst check

This data is available for Pro users. Sign up to see all 1 Apricus Health 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 Trial

Apricus Health Competitors

Apricus Health competitors include listed companies like Teladoc and Talkspace, and private ones like Nourish, Elemy, SonderMind and Headway.

Public and private companies comparable to Apricus Health
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
NourishUnited StatesNew York City, NYPrivate$160M-$1.8B10.9x
ElemyUnited StatesSan Francisco, CAPrivate--$1.1B-
TeladocUnited StatesUnited StatesPublicly listed$2.5B$124M$1.1B0.6x
SonderMindUnited StatesDenver, COPrivate--$1.1B-
HeadwayUnited StatesNew York City, NYPrivate--$2.3B-
TalkspaceUnited StatesUnited StatesPublicly listed$229M$6M$871M3.4x

Apricus Health Public Comps

Apricus Health is still privately-owned, but its public comps include JMDC, Ping An Healthcare, GoodRx, Teladoc, Compass Pathways, Talkspace, Guiyang Longmaster, Medley Inc., Evolent Health and American Well.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
JMDC$324M$88M5.0x4.6x18.4x17.9x
Ping An Healthcare$815M$52M0.9x0.9x13.4x16.9x
GoodRx$797M$173M1.8x1.8x8.1x5.5x
Teladoc$2.5B$124M0.6x0.6x11.3x5.0x
Compass Pathways-($293M)--(5.8x)(8.4x)
Talkspace$229M$6M3.4x3.4x129.3x49.4x
Guiyang Longmaster$44M$5M10.0x-87.9x-
Medley Inc.$236M$32M2.1x1.8x15.7x13.2x

This data is available for Pro users. Sign up to see all Apricus Health competitors and their valuation data.

Start Free Trial

Common questions about Apricus Health

When was Apricus Health founded?Apricus Health was founded in 2019.
Where is Apricus Health headquartered?Apricus Health is headquartered in Phoenix, AZ, United States.
Is Apricus Health publicly listed?No, Apricus Health is a private, VC-backed company.
What is Apricus Health's valuation?Apricus Health was last valued at $1.5B in its undisclosed-stage round in January 2021.
How much funding has Apricus Health raised?Apricus Health has raised $20M across 1 funding round.
What was Apricus Health's last funding round?Apricus Health's last funding round was a $20M undisclosed-stage round in January 2021, led by Virgo Investment Group.
Who are Apricus Health's investors?Apricus Health's investors include Virgo Investment Group.
Which companies are comparable to Apricus Health?Companies comparable to Apricus Health include Nourish, Elemy, Teladoc, SonderMind, Headway and Talkspace.

See companies similar to Apricus Health

Start Your
Free Trial Today

Try Multiples for free for 3 days. Got questions or need a demo? Schedule a call with us below.

Start Trial