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- NaviHealth
NaviHealth Acquisition, Valuation, Funding & Investors
NaviHealth was acquired by Optum for $2.5B in May 2020.
NaviHealth acquisition price
$2.5B
Acquired by Optum · May 2020
NaviHealth EBITDA multiple at acquisition
18.0x
EV/EBITDA · May 2020
Cumulative funding NaviHealth raised
$4M
across 1 funding round
Key investors in NaviHealth
The Blue Venture Fund
Ascension Ventures
Sandbox Industries
Welsh Carson Anderson & Stowe
About NaviHealth
NaviHealth is a post-acute care management company partnering with U.S. health plans, hospitals, and providers. Headquartered in Brentwood, Tennessee, the firm applies clinical protocols across skilled nursing, home health, and hospice settings to optimize bundled payments. NaviHealth has reduced readmissions by aligning care episodes for Medicare Advantage plans from clients like Humana and UnitedHealthcare, managing over 1 million episodes yearly.
Founded
2012
HQ
Website
Status
Acquired
Customer focus
B2B
Revenue model
Services, Subscription
Valuation
$2.5B (acquired May 2020)
NaviHealth Acquisition
NaviHealth was acquired by Optum for $2.5B on 21 May 2020.
The acquisition price implies a 18.0x EBITDA multiple.
Before the acquisition NaviHealth had raised $4M across 1 funding round.
NaviHealth is a Brentwood, Tennessee-based post-acute care management platform founded in 2012 that provides clinical decision-making tools and data analytics for health plans, hospital systems, risk-bearing physician groups, and other healthcare providers. The company serves approximately 4.5 million Medicare Advantage members and works with over 140 hospitals in the Centers for Medicare and Medicaid Services' Bundled Payments for Care Improvement Advanced program. OptumHealth, a division of UnitedHealth Group, acquired NaviHealth in May 2020 for $2.5 billion in enterprise value, representing a significant consolidation in the value-based care management space. The acquisition was preceded by earlier ownership changes: Cardinal Health purchased a majority stake (71%) in 2015 for $290 million, then sold a 55% stake to private equity firm Clayton, Dubilier & Rice in June 2018 for approximately $650 million. Optum's acquisition of NaviHealth allowed the company to integrate NaviHealth's post-acute clinical model and data-driven insights with Optum's community-based healthcare capabilities to enhance personalized, value-based care coordination for patients with complex health conditions. NaviHealth has continued to operate as a standalone entity under OptumHealth following the acquisition, with founder and CEO Clay Richards remaining in leadership, though the NaviHealth brand was eventually discontinued by UnitedHealth around 2023 as services were consolidated under Optum's rebranded structure.
| Acquirer | Date | Type | Price | EV/EBITDA |
|---|---|---|---|---|
| 21 May 2020 | Strategic M&A | $2.5B | 18.0x |
NaviHealth Funding History
NaviHealth has raised a total of $4M across 1 funding round.
NaviHealth funding rounds
| Date | Stage | Investors | Raised | Deal Summary |
|---|---|---|---|---|
| Apr 2013 | Seed | Welsh Carson Anderson & Stowe; The Blue Venture Fund; Sandbox Industries; Ascension Ventures | $4M | NaviHealth raised an unattributed VC round on April 26, 2013. Investors included Ascension Ventures, Sandbox Industries, The Blue Venture Fund, and Welsh Carson Anderson & Stowe. No valuation or amount raised specified for this round. The company had approximately 50 employees at the time. NaviHealth provides post-acute care management tools using evidence-based protocols for health plans, hospitals, and post-acute providers to optimize care, reduce readmissions, and support bundled payments. Chairman Tom Scully set a revenue goal of a couple hundred million dollars for 2013 following a prior private equity push. |
Who has invested in NaviHealth?
4 investors have backed NaviHealth across its funding rounds, including The Blue Venture Fund, Ascension Ventures, Sandbox Industries and Welsh Carson Anderson & Stowe.
NaviHealth Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 1 | Participant | Apr 2013 | ||
| 1 | Participant | Apr 2013 | ||
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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialAcquisitions by NaviHealth
NaviHealth has acquired 2 companies to date.
Last acquisition by NaviHealth was on February 27th 2020. NaviHealth acquired Innovative Healthcare Delivery for undisclosed valuation.
Latest Acquisitions by NaviHealth
| Description | Innovative Healthcare Delivery is a consultancy delivering efficiency programs for employer groups, self-funded plans, fully insured carriers, government programs, and hospitals across the United States. It implements care coordination, patient education, and utilization management initiatives to lower costs, boost outcomes, and improve experiences through integrated delivery networks and data analytics. | Curaspan is a health IT provider delivering a SaaS platform that streamlines care transitions for post-acute facilities and hospitals. The system facilitates secure data exchange, referral management, and analytics for accountable care organizations and health information exchanges. Headquartered in Newton, Massachusetts, Curaspan serves over 1,000 facilities nationwide, integrating with electronic health records from Epic and Cerner. Launched in 2008, it supports value-based care models by reducing readmissions through automated workflows and performance dashboards tracking metrics like length of stay. |
| HQ Country | ||
| HQ City | Las Vegas, NV | Boston, MA |
| Deal Date | 27 Feb 2020 | 15 Apr 2016 |
| Valuation | undisclosed | undisclosed |
| EV/Revenue | ||
| EV/EBITDA | ||
This data is available for Pro users. Sign up to see all NaviHealth acquisitions and their M&A valuation multiples. Start Free Trial | ||
NaviHealth Competitors
NaviHealth competitors include listed companies like Privia Health and Clover Health, and private ones like MediTrust Health, Somatus, Chapter and Strive Health.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | $154M | - | $1.4B | 9.3x | ||
| Private | - | - | $2.5B | - | ||
| Private | - | - | $3B | - | ||
| Private | - | - | $1.8B | - | ||
| Publicly listed | $2.1B | $44M | $2.6B | 0.9x | ||
| Publicly listed | $1.9B | ($84M) | $2.4B | 0.8x |
NaviHealth Public Comps
NaviHealth is no longer listed, but its public comps include Privia Health, Tieto, Clover Health, Pluxee, Schrödinger, Progyny, Qingdao Baheal Medical, Alignment Healthcare, Omnicell and CCC Intelligent Solutions.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $2.1B | $44M | 1.0x | 0.9x | 50.2x | 15.3x | |||
| $2.1B | $186M | 1.3x | 1.4x | 15.2x | 7.9x | |||
| $1.9B | ($84M) | 1.1x | 0.8x | (25.8x) | 34.1x | |||
| $1.5B | $500M | - | - | - | - | |||
| $256M | ($96M) | 7.6x | 7.9x | (20.3x) | (14.0x) | |||
| $1.3B | $90M | 1.4x | 1.4x | 20.6x | 8.0x | |||
| $1.1B | $139M | 1.9x | 1.9x | 15.1x | 16.8x | |||
| $3.9B | $45M | 0.4x | 0.3x | 31.6x | 10.0x | |||
This data is available for Pro users. Sign up to see all NaviHealth competitors and their valuation data. Start Free Trial | ||||||||
Common questions about NaviHealth
| When was NaviHealth founded? | NaviHealth was founded in 2012. |
| Where is NaviHealth headquartered? | NaviHealth is headquartered in United States. |
| Is NaviHealth publicly listed? | No, NaviHealth was acquired by Optum in May 2020. |
| Who acquired NaviHealth? | NaviHealth was acquired by Optum in May 2020. |
| How much was NaviHealth acquired for? | NaviHealth was acquired for $2.5B in May 2020. |
| How much funding has NaviHealth raised? | NaviHealth has raised $4M across 1 funding round. |
| What was NaviHealth's last funding round? | NaviHealth's last funding round was a $4M seed round in April 2013. |
| Who are NaviHealth's investors? | NaviHealth's investors include Welsh Carson Anderson & Stowe, The Blue Venture Fund, Sandbox Industries and Ascension Ventures. |
| Which companies are comparable to NaviHealth? | Companies comparable to NaviHealth include MediTrust Health, Somatus, Chapter, Strive Health, Privia Health and Clover Health. |
| How many companies has NaviHealth acquired? | NaviHealth has acquired 2 companies, including Innovative Healthcare Delivery and Curaspan. |
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