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- Healthmap Solutions
Healthmap Solutions Funding, Investors & Competitors
Healthmap Solutions has raised $226M across 4 funding rounds, most recently a $100M undisclosed-stage round in August 2023.
Last Healthmap Solutions funding round
$100M
Undisclosed stage · Aug 2023
Cumulative funding Healthmap Solutions raised
$226M
across 4 funding rounds
Key investors in Healthmap Solutions
WindRose Health Investors
GuideWell
Highmark Ventures
Shulman Ventures
DCH partner
About Healthmap Solutions
Healthmap Solutions is an NCQA-accredited population health management firm specializing in kidney disease. The Louisville-based company integrates big data analytics, advanced technology, and clinical expertise to deliver complex care management services. Healthmap supports patients with chronic kidney conditions through tailored interventions that enhance outcomes and coordinate care across providers.
Founded
2016
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Services
Healthmap Solutions Funding History
Healthmap Solutions has raised a total of $226M across 4 funding rounds.
Healthmap Solutions' first fundraising round was a $6M Series A in December 2017. The most recent completed round was a $100M undisclosed-stage round in August 2023.
Healthmap Solutions funding rounds
| Date | Stage | Investors | Raised | Deal Summary |
|---|---|---|---|---|
| Aug 2023 | Undisclosed stage | WindRose Health Investors (lead) | $100M | Healthmap Solutions is an NCQA-accredited kidney population health management company serving health plans, health systems, accountable care organizations, and provider groups with value-based solutions for chronic kidney disease. It uses advanced predictive analytics, machine learning, and clinical expertise to enable early disease identification, recommend interventions to slow progression, and deliver personalized care navigation. The company focuses on high-risk kidney populations, managing over $3 billion in healthcare spend through risk-based capitated arrangements and serving over 160,000 individuals as of the funding announcement. On August 10, 2023, WindRose Health Investors announced that its portfolio company Healthmap raised $100 million in a private equity round, financed by commitments from WindRose's sixth fund and a new vehicle led by StepStone Group with other investors. This followed an initial $85 million equity recapitalization by WindRose in May 2019 to support national expansion of kidney health management services. The 2023 funding aims to implement newly awarded business, strengthen the balance sheet for capitated covered lives, and fuel ongoing growth in value-based kidney care. Healthmap has demonstrated rapid growth, attributing success to its scalable business model that improves patient outcomes and lowers costs for payers. It expects profitability in 2023, though specific revenue, ARR, or EBITDA figures are not disclosed. The company positions itself as a leader in specialty population health management for progressive kidney diseases, partnering with Medicare Advantage, employer plans, and at-risk providers. |
| May 2022 | Undisclosed stage | GuideWell (lead); Highmark Ventures (lead); WindRose Health Investors; DCH partner; Shulman Ventures | $35M | Healthmap Solutions is an NCQA-accredited kidney population health management company that helps health plans, health systems, and accountable care organizations manage high-risk kidney disease patients through advanced technology, predictive analytics, machine learning, clinical expertise, and coordinated care. The company focuses on improving clinical outcomes and reducing costs for Medicare, Medicaid, and commercial populations via its Kidney Health Management program. Founded in 2013 and based in Tampa, Florida, Healthmap originated as a healthcare data clearinghouse before expanding into robust health analytics and full population health management. On May 2, 2022, GuideWell and Highmark Ventures led a $35 million funding round for Healthmap Solutions, with participation from previous investors including WindRose Health Investors, DCHP (likely DCH partner), Shulman Ventures, and management. This investment supports Healthmap's explosive growth, from 60 employees in summer 2020 to over 500 by the end of 2022, and expansion to serve more than 150,000 members across commercial, Medicare, and Medicaid lines. The funding will fuel R&D for innovative kidney health solutions amid rising demand driven by the federal CURES Act and Advancing American Kidney Health Initiative. Healthmap has demonstrated strong traction, managing over $3 billion in healthcare spend through risk-based and capitated arrangements with leading health plans and at-risk providers as of a subsequent announcement. A later $100 million funding round led by funds managed by WindRose Health Investors supported further business expansion, with the company serving over 160,000 individuals with kidney disease and expecting to generate earnings in 2023 after rapid growth investments. |
| Jun 2019 | Undisclosed stage | WindRose Health Investors (lead) | $85M | Healthmap Solutions is a specialty population health management company focused on kidney disease and progressive chronic conditions, providing value-based solutions to health plans, Medicare Advantage plans, employer-sponsored plans, accountable care organizations, and provider groups to improve clinical and financial outcomes for high-risk, high-cost kidney patients. The company, led by CEO Joe Vattamattam and COO and Founder Andrew Wall, is based in Tampa, Florida, and operates a unique model assuming risk for reducing care costs in complex kidney health conditions. On May 21, 2019 (announced around June 1, 2019), WindRose Health Investors completed an $85 million equity recapitalization of Healthmap Solutions to provide growth capital for national expansion into new markets and health plans. WindRose, a New York-based healthcare private equity firm managing over $1.4 billion, identified Healthmap as the premier platform in the sector after evaluating many businesses. The investment supports Healthmap's geographic expansion and scaling of kidney health management services amid growing focus on this high-cost patient population. Subsequent developments include a $100 million raise in August 2023 from WindRose and others, including StepStone Group, to fund newly awarded business and capitated arrangements managing over $3 billion in healthcare spend for more than 160,000 individuals across leading health plans. |
| Dec 2017 | Series A | - | $6M | - |
Who has invested in Healthmap Solutions?
5 investors have backed Healthmap Solutions across its funding rounds, including WindRose Health Investors, GuideWell, Highmark Ventures, Shulman Ventures and DCH partner.
Lead investors include WindRose Health Investors, GuideWell and Highmark Ventures.
Healthmap Solutions Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 3 | Lead | Jun 2019 | ||
| 1 | Lead | May 2022 | ||
| 1 | Lead | May 2022 | ||
This data is available for Pro users. Sign up to see all 5 Healthmap Solutions investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialAcquisitions by Healthmap Solutions
Healthmap Solutions has acquired 1 company to date.
Last acquisition by Healthmap Solutions was on February 6th 2025. Healthmap Solutions acquired Carium for undisclosed valuation.
Latest Acquisitions by Healthmap Solutions
| Description | Carium develops a mobile app for healthcare management in Salt Lake City, Utah. The platform collects patient-generated data from wearables and daily activities to inform care teams. Deployed in clinics for remote monitoring, it supports chronic disease management and wellness tracking with HIPAA-compliant integrations. |
| HQ Country | |
| HQ City | San Francisco, CA |
| Deal Date | 6 Feb 2025 |
| Valuation | undisclosed |
| EV/Revenue | |
| EV/EBITDA | |
This data is available for Pro users. Sign up to see all Healthmap Solutions acquisitions and their M&A valuation multiples. Start Free Trial | |
Healthmap Solutions Competitors
Healthmap Solutions competitors include listed companies like IQVIA, Revvity, Solventum and Tempus AI, and private ones like OpenEvidence and Oura.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $16B | $3.4B | $44B | 3.4x | ||
| Publicly listed | $2.9B | $735M | $16B | 6.6x | ||
| Publicly listed | $8.3B | $2.5B | $15B | 2.4x | ||
| Publicly listed | $1.3B | ($131M) | $15B | 10.1x | ||
| Private | $100M | - | $12B | 120.0x | ||
| Private | $500M | - | $11B | 22.0x |
Healthmap Solutions Public Comps
Healthmap Solutions is still privately-owned, but its public comps include IQVIA, Revvity, Solventum, Tempus AI, ICON plc, Caris Life Sciences, Hinge Health, XtalPi, GeneDx and CareDx.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $16B | $3.4B | 3.6x | 3.4x | 17.2x | 14.8x | |||
| $2.9B | $735M | 6.5x | 6.6x | 25.4x | 21.0x | |||
| $8.3B | $2.5B | 2.4x | 2.4x | 7.8x | 8.9x | |||
| $1.3B | ($131M) | 12.0x | 10.1x | (116.0x) | 346.0x | |||
| $8.3B | $816M | 1.9x | 1.9x | 19.2x | 11.3x | |||
| $812M | ($5M) | 10.3x | 8.7x | (1640.5x) | 49.4x | |||
| $588M | ($522M) | 12.3x | 9.3x | (13.9x) | 34.6x | |||
| $120M | $22M | 24.8x | 21.5x | 134.0x | (141.6x) | |||
This data is available for Pro users. Sign up to see all Healthmap Solutions competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Healthmap Solutions
| When was Healthmap Solutions founded? | Healthmap Solutions was founded in 2016. |
| Where is Healthmap Solutions headquartered? | Healthmap Solutions is headquartered in Tampa, FL, United States. |
| Is Healthmap Solutions publicly listed? | No, Healthmap Solutions is a private, VC-backed company. |
| How much funding has Healthmap Solutions raised? | Healthmap Solutions has raised $226M across 4 funding rounds. |
| What was Healthmap Solutions' last funding round? | Healthmap Solutions' last funding round was a $100M undisclosed-stage round in August 2023, led by WindRose Health Investors. |
| Who are Healthmap Solutions' investors? | Healthmap Solutions' investors include WindRose Health Investors, GuideWell, Highmark Ventures, DCH partner and Shulman Ventures. |
| Which companies are comparable to Healthmap Solutions? | Companies comparable to Healthmap Solutions include IQVIA, Revvity, Solventum, Tempus AI, OpenEvidence and Oura. |
| How many companies has Healthmap Solutions acquired? | Healthmap Solutions has acquired 1 company, including Carium. |
See companies similar to Healthmap Solutions
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