# CareBridge Medical Group, P.C.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/carebridge-medical-group-p-c

- Industry: Healthcare
- Headquarters: Nashville, US
- Website: www.carebridgehealth.com
- Total disclosed funding: $35M
- Latest round: Series B (Jan 13, 2019)
- Investors on record: 5

## About

Founded in 2019 by CEO Brad Smith and based in Tennesee, US, CareBridge Medical Group, P.C. is a provider of health plan assistance that primarily helps patients receiving home and community-based services. In January 2019, CareBridge Medical Group, P.C. raised USD 35 million in series B funding from investor Frist Cressey Ventures, Oak HC/FT, GV, Elevance Health and Optum Ventures. In June 2022, CareBridge Medical Group, P.C. raised USD 140 million in venture funding led by investor Oak HC/FT Partners, with participation from investors Anthem, CVS Health Ventures, HLM Venture Partners, and Optum Ventures. The venture funding values CareBridge Medical Group, P.C., at USD 1 billion post-money.

CareBridge offers a multifaceted approach to care, encompassing physical, behavioural, and social needs. Its services include 24/7 member support, decision support to create personalized care plans, and electronic visit verification (EVV) to ensure service delivery.

The company will use the June 2022 funding to further expand its value-based care to individuals receiving home and community-based services.

## Funding rounds

- Series B, Jan 13, 2019, $35M — GV, Elevance Health, Oak HC/FT, Frist Cressey Ventures, Optum Ventures

## Investors

- GV (https://capitalatlas.ai/funds/gv) — Series B
- Elevance Health — Series B
- Oak HC/FT (https://capitalatlas.ai/funds/oak-hc-ft) — Series B
- Frist Cressey Ventures (https://capitalatlas.ai/funds/frist-cressey-ventures) — Series B
- Optum Ventures (https://capitalatlas.ai/funds/optum-ventures) — Series B