Magellan Health Services Acquisition, Valuation, Funding & Investors

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.

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.

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.

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.

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.

Solera Health is a benefits management platform connecting payers and employers to digital health programs for preventive care. Matching members to interventions for diabetes prevention, hypertension control, weight loss, mental health, and tobacco cessation, the system uses algorithms for personalized recommendations. Integrating with telehealth and coaching, Solera emphasizes musculoskeletal and women's health modules. Based in Phoenix, Arizona, the company partners with providers for outcomes-based contracting.

Centivo is a New York-headquartered health plan administrator facilitating self-funded employer programs with primary care networks. Launched in 2017, it handles claims processing, network access, and population health management via personalized doctor matching and a mobile app. Centivo's model incentivizes high-value care coordination, serving mid-sized employers seeking cost control and clinician partnerships across the United States.

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.

UnitedHealth Group is one of the largest private health insurers and provides medical benefits to about 51 million members globally, including 1 million outside the US as of December 2024. As a leader in employer-sponsored, self-directed, and government-backed insurance plans, UnitedHealth has obtained massive scale in medical insurance. Along with its insurance assets, UnitedHealth's Optum franchises help create a healthcare services colossus that spans everything from pharmaceutical benefits to providing outpatient care and analytics to both affiliated and third-party customers.

Ontrak Inc is an artificial intelligence (AI)-powered and technology-enabled behavioral healthcare company, whose mission is to help improve the health and save the lives of as many people as possible. The group provides a value-based behavioral healthcare company that identifies and engages people with unmet health needs using the proprietary Advanced Engagement System to improve clinical outcomes and reduce total cost of care. The company's integrated, technology-enabled OntrakTM solutions, a component of the PRE platform, are designed to treat members with behavioral conditions that cause chronic medical conditions such as diabetes, hypertension, coronary artery disease, COPD, and congestive heart failure.

Kindbody is a New York-headquartered network of fertility clinics and employer benefits provider operating in 20 U.S. cities. Services encompass IVF, egg freezing, genetic testing, surrogacy, and adoption support through in-clinic, mobile, and virtual care. Partnering with employers like Amazon and Google, it covers millions of lives with comprehensive family-building programs.

Betterfly is a Chilean employee-benefits and insurance technology company founded in 2018 by brothers Eduardo and Cristobal della Maggiora, originally under the name Burn to Give. Its digital platform lets employers offer staff telemedicine, financial education and life insurance whose cover grows at no cost as employees build healthy habits, and it converts those habits into donations to charities. The company changed its business model in 2020 after the pandemic and became the first social unicorn in Latin America in February 2022, when it raised 125 million US dollars in a Series C at a valuation of 1 billion US dollars. It bought Kunder, Xerpa, Racional, Nesto, Hey Pay and ProSuenos in 2021, Flexoh in Spain and SeuVale in Brazil in 2022, and minu in Mexico in 2026. It operates in Latin America, the United States and Spain.

Thatch is a health benefits administration platform equipping employers with AI-driven tools for employee healthcare management. The San Francisco-headquartered service features ThatchBot, a 24/7 chatbot handling claims, provider searches, and expense reimbursements. Companies set personalized health budgets per employee, integrating with carriers like UnitedHealthcare and Blue Cross. Thatch processes benefits for mid-sized firms, streamlining navigation of HSAs, FSAs, and telehealth services.

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.