InnovaCare Health Acquisition & Valuation

UpStream Care is a Denver-based company supplying primary care physicians with technology and operational support. Its platform integrates with EMR systems like Epic and Cerner to automate care coordination, prior authorizations, and patient follow-up workflows. The service covers value-based care contracts with Medicare Advantage plans in Colorado.

Curative is a healthcare services company providing employer-based health insurance plans with no copays, deductibles, or surprise billing. Launched in 2020 amid the COVID-19 pandemic, the firm initially scaled mass testing sites across Los Angeles and other US cities before pivoting to insurance. Its plans emphasize primary care access through partnerships with providers in California and Texas. Curative operates in multiple states, offering virtual care navigation and transparent pricing to over 10,000 covered lives. Headquartered in Austin, Texas, the company integrates telehealth with in-person services.

Grand Rounds, now operating as Included Health, is a San Francisco-based healthcare navigation company providing virtual and in-person care coordination. It offers advocacy services for urgent care, primary care, behavioral health, and specialties, serving over 10 million members. Rebranded in 2022, it partners with employers and insurers to reduce costs through expert physician matching and claims optimization.

Spora Health is a New York-based primary care provider tailored for communities of color. It offers virtual and in-person consultations addressing cultural health disparities in chronic disease management and preventive care. Spora Health operates clinics in urban areas with telehealth extending to underserved populations nationwide.

MediTrust Health is a Shanghai-based healthcare platform that connects pharmaceutical companies, insurers, hospitals, and patients across China. Launched in 2015, it distributes diverse health insurance products alongside medical benefits and services like telemedicine and drug delivery. MediTrust integrates high-quality resources to offer families economical, personalized healthcare protection and hospital access. The platform forms a closed-loop ecosystem among payers, suppliers, and end-users, with operations spanning major Chinese cities and partnerships with leading insurers.

Main Street Health is a value-based healthcare company, founded in 2021 and based in Nashville, Tennessee, that partners exclusively with rural primary care clinics in the United States. It places Health Navigators inside partner clinics and provides data and tools that help those clinics manage Medicare patients under value-based care, working with clinics that on average have 2.5 providers in towns of 3,000 to 5,000 people. The company has reported improvements in quality scores alongside reductions in hospitalizations and medical costs among the patient populations it serves.

Alignment Healthcare Inc is a next-generation, consumer-centric platform that is revolutionizing the healthcare experience for seniors through Medicare Advantage plans. These plans are marketed and sold direct-to-consumer, allowing seniors to select the manner in which customers receive healthcare coverage and services on an annual basis. The company combines a technology platform and clinical model for more effective health outcomes.

DUOS is a technology platform connecting Medicare beneficiaries to health resources across the United States. It aggregates data from disparate sources to enable proactive member engagement, health literacy improvements, and closed-loop care connections, partnering with insurers to enhance outcomes and satisfaction.

Strive Health is a value-based kidney care provider partnering with payers and clinics to manage chronic kidney disease patients from early stages through dialysis. Its technology-enabled model coordinates care across primary providers and specialists, operating in multiple U.S. states with backing from investors like New Enterprise Associates.

Thyme Care is a New York-based oncology care management company partnering with health plans to deliver integrated support for cancer patients. The platform coordinates navigation, symptom management, psychosocial care, and financial assistance across 20 US states. Thyme Care's clinicians collaborate with oncologists at over 100 provider sites, using data analytics to personalize care journeys for members of payers like Aetna and Cigna. Founded in 2020, the company has enrolled thousands of patients in its whole-person care model.

Somatus is a McLean-headquartered value-based care provider for kidney disease patients. It integrates clinical services, technology, and nephrology partnerships with health plans to promote home dialysis and transplants. Founded in 2017, the company serves over 100,000 patients through 100 clinics nationwide.

Clover Health Investments Corp is a healthcare technology company. It focuses on empowering Medicare physicians to proactively manage chronic diseases through its proprietary software platform, Clover Assistant. This cloud-based solution provides personalized insights to physicians, enabling early detection and management of chronic conditions. It operates in one segment: Insurance, through which it offers PPO and HMO plans to Medicare Advantage members in several states.

Garner Health is a New York-headquartered healthcare technology company delivering bundled payment solutions to employers. The platform facilitates direct access to high-quality physicians at reduced costs, improving employee care experiences nationwide. Garner partners with self-insured employers to manage medical spend through transparent pricing models for procedures like orthopedics, cardiology, and radiology. Launched in 2018, it processes claims across multiple states, emphasizing compliance and data analytics for healthcare savings.

Even is a Bangalore-headquartered health technology company that delivers subscription-based healthcare services across India. It partners with prominent hospital chains including Manipal Hospitals and Apollo Hospitals to provide unlimited diagnostics, specialist consultations, and coverage up to 50 lakh rupees for hospitalizations through a single monthly fee. Launched in 2020, Even operates in multiple cities such as Mumbai, Delhi, and Chennai, serving over 100,000 subscribers with virtual and in-clinic care options.

Fortis Healthcare Ltd provides integrated healthcare delivery services in India. The company manages healthcare centers including hospitals, diagnostics, and day care specialty facilities. The company's key specialty in its hospital business is cardiac sciences. It is predominantly engaged in the business of healthcare services which is the only reportable segment. The company's key hospitals include Fortis Escorts Heart Institute in Dehli, Fortis Mulund in Mumbai, and Fortis Hospital in Bengaluru. The majority of the company's revenue is derived from India.

Molina Healthcare Inc provides medical insurance plans through Medicaid, the individual exchanges, and Medicare. The company operates in four reportable segments consisting of: 1) Medicaid; 2) Medicare; 3) Marketplace; and 4) Other. It manages health benefit risks for more than 5 million people, with more than 85% of those members coming through contracts with state governments for their Medicaid programs. Medicaid contracts in four states-California, New York, Texas, and Washington-account for over half of its enrollees.