# Alignment Healthcare USA

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/alignment-healthcare-usa

- Industry: Healthcare IT
- Headquarters: Orange, US
- Website: www.alignmenthealthcare.com
- Total disclosed funding: $135M
- Latest round: Series C (Mar 4, 2020)
- Investors on record: 3

## About

Alignment Healthcare USA, LLC is a prominent healthcare firm specializing in comprehensive health insurance solutions, particularly for Medicare beneficiaries, providing innovative access to essential healthcare services.Founded in 2013 and headquartered in Orange, US, Alignment Healthcare USA, LLC focuses on delivering health insurance solutions tailored to Medicare beneficiaries. The company has executed 6 deals since its inception. John Kao, the founder and current CEO, has a background in healthcare management, furthering the company's commitment to improving health outcomes. In its latest funding round, the company raised USD 250.00 mn in a VENTURE DEBT round, contributing to the total amount raised of USD 169.00 mn.Alignment Health specializes in providing comprehensive health insurance solutions, particularly focusing on Medicare beneficiaries. Their core offerings include an All-Inclusive Benefits package designed to deliver 24/7 on-demand access to health care services, featuring a personal concierge service for scheduling doctor appointments and addressing various health care inquiries. The primary end-users are Medicare beneficiaries in states such as Arizona, California, Nevada, North Carolina, and Texas. The ACCESS ON-DEMAND CONCIERGE CARD exemplifies their innovative approach, facilitating convenient access to necessary care.Alignment Healthcare operates on a revenue model primarily based on membership fees associated with its health insurance plans for Medicare beneficiaries. The company engages members through a subscription-based model, which grants access to a range of health care services and benefits. Its flagship offerings, including the Medicare Advantage (MA) HMO contracts, significantly contribute to revenues, which amounted to USD 2,671.93 mn in 2024, with an EBITDA of USD -74.49 mn for the same year.Alignment Healthcare USA, LLC plans to utilize the recent funding raised to bolster its Medicare Advantage footprint and enhance investment in its technology platform and plan offerings. The company is actively designing new products aimed at improving service delivery and member engagement. It targets geographic expansion into new markets by 2023, focusing on increasing its presence in states with high Medicare beneficiary populations. The proceeds from the recent funding rounds, including the VENTURE DEBT round in March 2021, are pivotal for supporting these initiatives.

## Funding rounds

- Series C, Mar 4, 2020, $135M — T Rowe Price, Fidelity Investments, Durable Capital Partners

## Investors

- T Rowe Price (https://capitalatlas.ai/funds/t-rowe-price) — Series C
- Fidelity Investments (https://capitalatlas.ai/funds/fidelity-investments) — Series C
- Durable Capital Partners — Series C