Main Street Health Valuation, Funding & Investors

Main Street Health is valued at $1.5B as of October 2023.

Last Main Street Health valuation

$1.5B

Undisclosed stage · Oct 2023

Last Main Street Health funding round

$315M

Undisclosed stage · Oct 2023

Cumulative funding Main Street Health raised

$342M

across 2 funding rounds

Key investors in Main Street Health

  • Oak HC/FT
  • Optum Ventures
  • Frist Cressey Ventures
  • LRVHealth
  • Echo Health Ventures
  • Humana Inc.

Main Street Health Overview

About Main Street Health

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.


Founded

2021

HQ

United StatesUnited States

Status

Privately held

Customer focus

B2C

Revenue model

Services

Valuation

$1.5B (Oct 2023)

Main Street Health Valuation

Main Street Health is currently valued at $1.5B, based on its undisclosed-stage round in October 2023.

The $315M round was led by Oak HC/FT, with participation from Humana Inc., CVS Health, Elevance Health, UnitedHealthcare, LRVHealth and 2 other investors.

Main Street Health valuation by funding round

Main Street Health valuation by funding round
DateStageValuation
Oct 2023Undisclosed stage$1.5B

Main Street Health Funding History

Main Street Health has raised a total of $342M across 2 funding rounds.

Main Street Health's first fundraising round was a $27M Series A in June 2021. The most recent completed round was a $315M undisclosed-stage round in October 2023.

Main Street Health funding rounds

Main Street Health funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Oct 2023Undisclosed stageOak HC/FT (lead); Humana Inc.; CVS Health; Elevance Health; UnitedHealthcare; LRVHealth; Echo Health Ventures; Centene$315M$1.5BMain Street Health is the nation's largest value-based healthcare organization exclusively serving rural America, partnering with over 900 primary care clinics across 18 states at the time of the funding announcement, with plans to expand into eight additional states to reach 26 total. The company places Health Navigators in clinics, provides data and tools to enable value-based care for Medicare patients, and has achieved strong early outcomes including a 42% improvement in quality Star scores, 23% reduction in hospitalizations, and 9% reduction in medical costs since launching in 2021. The average partner clinic has 2.5 providers and is located in towns of 3,000 to 5,000 people. On October 8, 2023, Main Street Health announced it raised over $315 million in a financing round led by Oak HC/FT, with participation from five major national Medicare Advantage plans—Centene, CVS Health, Echo Health Ventures, Elevance Health, Humana Inc., LRVHealth, Oak HC/FT, and UnitedHealthcare—collectively covering 74% of Medicare Advantage members, as well as investments from provider partners including health systems, regional hospitals, and individual physicians. The pre-money valuation for the round was $1.2 billion, according to a company spokesperson, marking the company's entry into unicorn status. Funds are intended to support expansion and scaling operations. The round highlights the rapid growth and strong performance of Main Street Health, as noted by lead investor Annie Lamont of Oak HC/FT, who praised the company's quick scaling and outcomes in rural healthcare. The investment aligns with Oak HC/FT's focus on healthcare innovators, having backed Main Street since May 2021.
Jun 2021Series AFrist Cressey Ventures; Oak HC/FT; Optum Ventures$27M-Main Street Health is a value-based healthcare company focused exclusively on rural America, addressing challenges like limited access to primary and specialist care, rural hospital closures, and lower participation in value-based care models compared to urban areas. The company deploys health navigators and care management solutions to support rural health clinics, community health, care transitions, and population health management through provider partnerships and data-driven insights. The company, founded in 2021 and headquartered in Nashville, Tennessee, emphasizes rural healthcare innovation, care gap closure, social determinants of health, and partnerships with critical access hospitals, positioning it uniquely against urban-focused value-based care providers like Aledade, Pearl Health, and Privia Health.

Who has invested in Main Street Health?

10 investors have backed Main Street Health across its funding rounds, including Oak HC/FT, Optum Ventures, Frist Cressey Ventures, LRVHealth, Echo Health Ventures and Humana Inc..

Lead investors include Oak HC/FT.


Main Street Health Investors

Investors in Main Street Health by funding rounds participated
InvestorHQRoundsRoleFirst check
Oak HC/FTUnited StatesGreenwich, CT2LeadJun 2021
Frist Cressey VenturesUnited StatesNashville, TN1ParticipantJun 2021
Humana Inc.United StatesUnited States1ParticipantOct 2023
CVS HealthUnited StatesProvidence, RI1ParticipantOct 2023
Elevance HealthUnited StatesUnited States1ParticipantOct 2023
UnitedHealthcareUnited StatesMinneapolis, MN1ParticipantOct 2023
LRVHealthUnited StatesBoston, MA1ParticipantOct 2023
Echo Health VenturesUnited StatesSeattle, WA1ParticipantOct 2023

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Main Street Health Competitors

Main Street Health competitors include listed companies like Clover Health and Molina Healthcare, and private ones like MediTrust Health, Grand Rounds, Curative and Thyme Care.

Public and private companies comparable to Main Street Health
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
MediTrust HealthChinaShanghaiPrivate$154M-$1.4B9.3x
Grand RoundsUnited StatesSan Francisco, CAPrivate--$1.3B-
CurativeUnited StatesAustin, TXPrivate--$1.3B-
Thyme CareUnited StatesNashville, TNPrivate--$2B-
Clover HealthUnited StatesUnited StatesPublicly listed$1.9B($84M)$2.4B0.8x
Molina HealthcareUnited StatesUnited StatesPublicly listed$45B$976M$11B0.1x

Main Street Health Public Comps

Main Street Health is still privately-owned, but its public comps include Alignment Healthcare, GoodRx, Progyny, Eurowag, Pluxee, Clover Health, Hapvida, Evolent Health, Value HR and MetropolCard.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Alignment Healthcare$3.9B$45M0.4x0.3x31.6x10.0x
GoodRx$797M$173M1.8x1.8x8.1x5.5x
Progyny$1.3B$90M1.4x1.4x20.6x8.0x
Eurowag$2.7B$119M0.5x3.0x10.3x7.5x
Pluxee$1.5B$500M----
Clover Health$1.9B($84M)1.1x0.8x(25.8x)34.1x
Hapvida$6.1B$787M0.3x0.3x2.7x4.0x
Evolent Health$1.9B($365M)0.7x0.5x(3.5x)9.4x

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Common questions about Main Street Health

When was Main Street Health founded?Main Street Health was founded in 2021.
Where is Main Street Health headquartered?Main Street Health is headquartered in United States.
Is Main Street Health publicly listed?No, Main Street Health is a private, VC-backed company.
What is Main Street Health's valuation?Main Street Health was last valued at $1.5B in its undisclosed-stage round in October 2023.
How much funding has Main Street Health raised?Main Street Health has raised $342M across 2 funding rounds.
What was Main Street Health's last funding round?Main Street Health's last funding round was a $315M undisclosed-stage round in October 2023, led by Oak HC/FT.
Who are Main Street Health's investors?Main Street Health's investors include Oak HC/FT, Frist Cressey Ventures, Humana Inc., CVS Health, Elevance Health, UnitedHealthcare, LRVHealth, Echo Health Ventures, Optum Ventures and Centene.
Which companies are comparable to Main Street Health?Companies comparable to Main Street Health include MediTrust Health, Grand Rounds, Curative, Thyme Care, Clover Health and Molina Healthcare.

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