- Companies
- ConcertoCare
ConcertoCare Funding, Investors & Competitors
ConcertoCare has raised $150M across 3 funding rounds, most recently a $105M Series B in February 2022.
Last ConcertoCare funding round
$105M
Series B · Feb 2022
Cumulative funding ConcertoCare raised
$150M
across 3 funding rounds
Key investors in ConcertoCare
Deerfield Capital Management
Deerfield
Highland Capital Partners
Obvious Ventures
Arboretum Ventures
Vast Ventures
Wells Fargo Strategic Capital
SteelSky Ventures
About ConcertoCare
ConcertoCare is a provider of in-home primary care for seniors and adults with complex needs, operating in markets like Connecticut and New York. Its models include house calls, palliative care, and chronic disease management powered by a population health platform. Teams of geriatricians and nurse practitioners coordinate with specialists to serve Medicare patients.
Founded
2015
HQ
Website
Status
Privately held
Customer focus
B2C
Revenue model
Services
ConcertoCare Funding History
ConcertoCare has raised a total of $150M across 3 funding rounds.
ConcertoCare's first fundraising round was a $15M undisclosed-stage round in July 2015. The most recent completed round was a $105M Series B in February 2022.
ConcertoCare funding rounds
| Date | Stage | Investors | Raised | Deal Summary |
|---|---|---|---|---|
| Feb 2022 | Series B | Wells Fargo Strategic Capital (lead); Charles and Lynn Schusterman Family Philanthropies; Deerfield Capital Management; Obvious Ventures; Vast Ventures; SteelSky Ventures; Pennington Partners & Co | $105M | ConcertoCare is a tech-enabled, value-based care provider delivering comprehensive at-home care to seniors and adults with unmet health and social needs, including home-based primary care, palliative care, Programs of All-Inclusive Care for the Elderly (PACE), and services addressing social determinants of health. The company operates in eight states—Washington, Massachusetts, Virginia, New York, Ohio, Florida, California, and Oregon—and partners with Medicare Advantage plans, Medicare-Medicaid plans, CMS value-based programs, physicians, home health, and hospice agencies. Interdisciplinary teams of physicians, nurses, pharmacists, health coaches, mental health professionals, and social workers provide in-person and virtual care for chronic disease management, care coordination, and access to social services like nutritious meals. On February 3, 2022, ConcertoCare closed a $105 million Series B funding round led by Wells Fargo Strategic Capital, with participation from Obvious Ventures, Vast Ventures, The Schusterman Family Foundation (also referred to as Charles and Lynn Schusterman Family Philanthropies), SteelSky Ventures, Pennington Partners & Co, and returning investor Deerfield Management (also noted as Deerfield Capital Management). This brought total equity funding to $149.5 million. The capital supports market expansion, service enhancements in existing markets, PACE program launch, technology investments, and clinician recruitment. This follows a prior merger with Perfect Health, now integrated into ConcertoCare. The company outlined bold 2022 growth goals, including new market entries and deepened value-based payer partnerships, positioning it to serve more complex-care patients amid rising home-based care demand. |
| Nov 2016 | Undisclosed stage | Arboretum Ventures (lead); Deerfield Capital Management (lead); Highland Capital Partners; Deerfield | $30M | - |
| Jul 2015 | Undisclosed stage | - | $15M | - |
Who has invested in ConcertoCare?
10 investors have backed ConcertoCare across its funding rounds, including Deerfield Capital Management, Deerfield, Highland Capital Partners, Obvious Ventures, Arboretum Ventures and Vast Ventures.
Lead investors include Wells Fargo Strategic Capital, Arboretum Ventures and Deerfield Capital Management.
ConcertoCare Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 2 | Lead | Nov 2016 | ||
| 1 | Participant | Feb 2022 | ||
| 1 | Participant | Nov 2016 | ||
| 1 | Participant | Feb 2022 | ||
| 1 | Lead | Feb 2022 | ||
| 1 | Participant | Feb 2022 | ||
| 1 | Lead | Nov 2016 | ||
| 1 | Participant | Feb 2022 | ||
This data is available for Pro users. Sign up to see all 10 ConcertoCare 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 TrialAcquisitions by ConcertoCare
ConcertoCare has acquired 1 company to date.
Last acquisition by ConcertoCare was on February 3rd 2022. ConcertoCare acquired Crown Health for undisclosed valuation.
Latest Acquisitions by ConcertoCare
| Description | Crown Health is a provider of in-home primary care for seniors based in Los Angeles, California. The company delivers mobile medical services including check-ups, chronic disease management, and medication reconciliation to homebound patients over age 65. Its physicians and nurse practitioners conduct house calls in Los Angeles County, partnering with Medicare Advantage plans. Launched in 2020, Crown Health focuses on reducing hospital readmissions through telehealth integration and care coordination. |
| HQ Country | |
| HQ City | Seattle, WA |
| Deal Date | 3 Feb 2022 |
| Valuation | undisclosed |
| EV/Revenue | |
| EV/EBITDA | |
This data is available for Pro users. Sign up to see all ConcertoCare acquisitions and their M&A valuation multiples. Start Free Trial | |
ConcertoCare Competitors
ConcertoCare competitors include listed companies like Max Healthcare Institute and Oscar Health, and private ones like Devoted Health, Ping An Good Doctor, Ro and WeDoctor.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | $3.3B | - | $13B | 4.0x | ||
| Publicly listed | $858M | $232M | $10B | 10.2x | ||
| Publicly listed | $12B | ($391M) | $9.9B | 0.4x | ||
| Private | $271M | - | $8.8B | 32.5x | ||
| Private | $598M | - | $7B | 11.7x | ||
| Private | $139M | - | $7B | 50.4x |
ConcertoCare Public Comps
ConcertoCare is still privately-owned, but its public comps include BrightSpring Health, Max Healthcare Institute, Ensign Group, Oscar Health, Hinge Health, Chemed, Hims, National Healthcare Corp, Aveanna Healthcare and Brookdale Senior Living.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $13B | $460M | 1.0x | 0.9x | 28.4x | 16.8x | |||
| $858M | $232M | 12.6x | 10.2x | 46.5x | 36.8x | |||
| $5.1B | $543M | 2.4x | 2.1x | 22.3x | 17.5x | |||
| $12B | ($391M) | 0.5x | 0.4x | (15.9x) | 12.8x | |||
| $588M | ($522M) | 12.3x | 9.3x | (13.9x) | 34.6x | |||
| $2.5B | $414M | 2.7x | 2.6x | 16.6x | 13.7x | |||
| $2.3B | $178M | 3.1x | 2.4x | 40.4x | 23.9x | |||
| $1.5B | $204M | 2.2x | - | 16.4x | - | |||
This data is available for Pro users. Sign up to see all ConcertoCare competitors and their valuation data. Start Free Trial | ||||||||
Common questions about ConcertoCare
| When was ConcertoCare founded? | ConcertoCare was founded in 2015. |
| Where is ConcertoCare headquartered? | ConcertoCare is headquartered in Boston, MA, United States. |
| Is ConcertoCare publicly listed? | No, ConcertoCare is a private, VC-backed company. |
| How much funding has ConcertoCare raised? | ConcertoCare has raised $150M across 3 funding rounds. |
| What was ConcertoCare's last funding round? | ConcertoCare's last funding round was a $105M Series B in February 2022, led by Wells Fargo Strategic Capital. |
| Who are ConcertoCare's investors? | ConcertoCare's investors include Deerfield Capital Management, Charles and Lynn Schusterman Family Philanthropies, Highland Capital Partners, Obvious Ventures, Wells Fargo Strategic Capital, Vast Ventures, Arboretum Ventures, SteelSky Ventures, Pennington Partners & Co and Deerfield. |
| Which companies are comparable to ConcertoCare? | Companies comparable to ConcertoCare include Devoted Health, Max Healthcare Institute, Oscar Health, Ping An Good Doctor, Ro and WeDoctor. |
| How many companies has ConcertoCare acquired? | ConcertoCare has acquired 1 company, including Crown Health. |
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