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- Landmark Health
Landmark Health Acquisition, Valuation, Funding & Investors
Landmark Health was acquired by Optum for $3.5B in February 2021, a 20.6x multiple on $170M of revenue.
Landmark Health acquisition price
$3.5B
Acquired by Optum · Feb 2021
Landmark Health revenue at acquisition
$170M
Last twelve months · Feb 2021
Landmark Health revenue multiple at acquisition
20.6x
EV/Revenue · Feb 2021
Cumulative funding Landmark Health raised
$61M
across 2 funding rounds
About Landmark Health
Landmark Health is a provider of in-home primary care for patients with complex chronic conditions. Mobile teams of physicians, nurse practitioners, and social workers conduct regular house calls coordinated with primary care providers. Headquartered in Boston, Massachusetts, following acquisition by UnitedHealth Group in 2020, it serves Medicare Advantage plans in multiple states.
Founded
2013
HQ
Website
Status
Acquired
Customer focus
B2B
Revenue model
Services
Revenue
$170M (Feb 2021)
Valuation
$3.5B (acquired Feb 2021)
Landmark Health Acquisition
Landmark Health was acquired by Optum for $3.5B on 21 February 2021.
The acquisition price implies a 20.6x revenue multiple on $170M of revenue.
Before the acquisition Landmark Health had raised $61M across 2 funding rounds.
Landmark Health is an in-home medical group providing physician-led multidisciplinary care, including medical, behavioral, palliative, and social services to patients with complex chronic conditions directly in their homes. The company partners with existing healthcare networks to improve outcomes and reduce costs outside traditional fee-for-service models. Optum, part of UnitedHealth Group, acquired Landmark Health in a deal reportedly valued at $3.5 billion, announced around February 21, 2021, and still under regulatory review at the time of reporting. The acquisition aligns with Optum's strategy to expand value-based care capabilities, particularly in home-based services amid rising demand driven by COVID-19 and shifts toward care outside traditional settings. UnitedHealth Group emphasized the importance of home-based interventions, noting that roughly 80% of health impacts occur outside clinical environments. This move positions Optum competitively against other payers-turned-providers like Humana, enhancing its population health management through integrated in-home primary care. Landmark operates with over 500 employees and serves as part of Optum's broader home care portfolio, alongside later acquisitions like LHC Group, to deliver coordinated, high-touch care and capitalize on Medicare Advantage risk-based payments.
| Acquirer | Date | Type | Price | EV/Revenue |
|---|---|---|---|---|
| 21 Feb 2021 | Strategic M&A | $3.5B | 20.6x |
Landmark Health Funding History
Landmark Health has raised a total of $61M across 2 funding rounds.
Landmark Health's first fundraising round was a $200K seed round in February 2015. The most recent completed round was a $61M undisclosed-stage round in August 2016.
Landmark Health funding rounds
| Date | Stage | Investors | Raised | Deal Summary |
|---|---|---|---|---|
| Aug 2016 | Undisclosed stage | Oxeon Partners | $61M | Landmark Health was a comprehensive in-home medical care company focused on treating the sickest and frailest patient populations. The company raised a total of $60.9 million across seven rounds of funding from investors including Optum, Town Hall Ventures, General Atlantic, Francisco Partners, and McKesson Ventures. Landmark Health was acquired by Optum for $3.2 billion in cash on February 21, 2021, approximately eight years after its founding. |
| Feb 2015 | Seed | - | $200K | - |
Who has invested in Landmark Health?
1 investor has backed Landmark Health across its funding rounds, including Oxeon Partners.
Landmark Health Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
This data is available for Pro users. Sign up to see all 1 Landmark 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 TrialLandmark Health Competitors
Landmark Health competitors include listed companies like Clover Health and Hims, and private ones like Cityblock Health, WeDoctor, Grand Rounds and Devoted Health.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $5.7B | - | ||
| Private | $139M | - | $7B | 50.4x | ||
| Private | - | - | $1.3B | - | ||
| Private | $3.3B | - | $13B | 4.0x | ||
| Publicly listed | $1.9B | ($84M) | $2.4B | 0.8x | ||
| Publicly listed | $2.3B | $178M | $6.5B | 2.4x |
Landmark Health Public Comps
Landmark Health is no longer listed, but its public comps include Clover Health, Alignment Healthcare, Ping An Healthcare, JMDC, GoodRx, Teladoc, Talkspace, Hims, Guiyang Longmaster and Fortis Healthcare.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $1.9B | ($84M) | 1.1x | 0.8x | (25.8x) | 34.1x | |||
| $3.9B | $45M | 0.4x | 0.3x | 31.6x | 10.0x | |||
| $815M | $52M | 0.9x | 0.9x | 13.4x | 16.9x | |||
| $324M | $88M | 5.0x | 4.6x | 18.4x | 17.9x | |||
| $797M | $173M | 1.8x | 1.8x | 8.1x | 5.5x | |||
| $2.5B | $124M | 0.6x | 0.6x | 11.3x | 5.0x | |||
| $229M | $6M | 3.4x | 3.4x | 129.3x | 49.4x | |||
| $2.3B | $178M | 3.1x | 2.4x | 40.4x | 23.9x | |||
This data is available for Pro users. Sign up to see all Landmark Health competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Landmark Health
| When was Landmark Health founded? | Landmark Health was founded in 2013. |
| Where is Landmark Health headquartered? | Landmark Health is headquartered in Albany, NY, United States. |
| Is Landmark Health publicly listed? | No, Landmark Health was acquired by Optum in February 2021. |
| Who acquired Landmark Health? | Landmark Health was acquired by Optum in February 2021. |
| How much was Landmark Health acquired for? | Landmark Health was acquired for $3.5B in February 2021, a 20.6x revenue multiple. |
| How much funding has Landmark Health raised? | Landmark Health has raised $61M across 2 funding rounds. |
| What was Landmark Health's last funding round? | Landmark Health's last funding round was a $61M undisclosed-stage round in August 2016. |
| Who are Landmark Health's investors? | Landmark Health's investors include Oxeon Partners. |
| Which companies are comparable to Landmark Health? | Companies comparable to Landmark Health include Cityblock Health, WeDoctor, Grand Rounds, Devoted Health, Clover Health and Hims. |
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