- Companies
- Main Street Health
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.
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
Website
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
| Date | Stage | Valuation |
|---|---|---|
| Oct 2023 | Undisclosed 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
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Oct 2023 | Undisclosed stage | Oak HC/FT (lead); Humana Inc.; CVS Health; Elevance Health; UnitedHealthcare; LRVHealth; Echo Health Ventures; Centene | $315M | $1.5B | Main 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 2021 | Series A | Frist 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
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 2 | Lead | Jun 2021 | ||
| 1 | Participant | Jun 2021 | ||
| 1 | Participant | Oct 2023 | ||
| 1 | Participant | Oct 2023 | ||
| 1 | Participant | Oct 2023 | ||
| 1 | Participant | Oct 2023 | ||
| 1 | Participant | Oct 2023 | ||
| 1 | Participant | Oct 2023 | ||
This data is available for Pro users. Sign up to see all 10 Main Street 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 TrialMain 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.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | $154M | - | $1.4B | 9.3x | ||
| Private | - | - | $1.3B | - | ||
| Private | - | - | $1.3B | - | ||
| Private | - | - | $2B | - | ||
| Publicly listed | $1.9B | ($84M) | $2.4B | 0.8x | ||
| Publicly listed | $45B | $976M | $11B | 0.1x |
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 FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $3.9B | $45M | 0.4x | 0.3x | 31.6x | 10.0x | |||
| $797M | $173M | 1.8x | 1.8x | 8.1x | 5.5x | |||
| $1.3B | $90M | 1.4x | 1.4x | 20.6x | 8.0x | |||
| $2.7B | $119M | 0.5x | 3.0x | 10.3x | 7.5x | |||
| $1.5B | $500M | - | - | - | - | |||
| $1.9B | ($84M) | 1.1x | 0.8x | (25.8x) | 34.1x | |||
| $6.1B | $787M | 0.3x | 0.3x | 2.7x | 4.0x | |||
| $1.9B | ($365M) | 0.7x | 0.5x | (3.5x) | 9.4x | |||
This data is available for Pro users. Sign up to see all Main Street Health competitors and their valuation data. Start Free Trial | ||||||||
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. |
See companies similar to Main Street Health
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