- Companies
- Apricus Health
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
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
Website
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
| Date | Stage | Valuation |
|---|---|---|
| Jan 2021 | Undisclosed stage | $1.5B |
Apricus Health Funding History
Apricus Health has raised a total of $20M across 1 funding round.
Apricus Health funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Jan 2021 | Undisclosed stage | Virgo Investment Group (lead) | $20M | $1.5B | Apricus 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
| Investor | HQ | Rounds | Role | First 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
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Start Free TrialApricus Health Competitors
Apricus Health competitors include listed companies like Teladoc and Talkspace, and private ones like Nourish, Elemy, SonderMind and Headway.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | $160M | - | $1.8B | 10.9x | ||
| Private | - | - | $1.1B | - | ||
| Publicly listed | $2.5B | $124M | $1.1B | 0.6x | ||
| Private | - | - | $1.1B | - | ||
| Private | - | - | $2.3B | - | ||
| Publicly listed | $229M | $6M | $871M | 3.4x |
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 FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $324M | $88M | 5.0x | 4.6x | 18.4x | 17.9x | |||
| $815M | $52M | 0.9x | 0.9x | 13.4x | 16.9x | |||
| $797M | $173M | 1.8x | 1.8x | 8.1x | 5.5x | |||
| $2.5B | $124M | 0.6x | 0.6x | 11.3x | 5.0x | |||
| - | ($293M) | - | - | (5.8x) | (8.4x) | |||
| $229M | $6M | 3.4x | 3.4x | 129.3x | 49.4x | |||
| $44M | $5M | 10.0x | - | 87.9x | - | |||
| $236M | $32M | 2.1x | 1.8x | 15.7x | 13.2x | |||
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. |
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