- Arlington-based Advantia Health announced it raised $45 million from BlueMountain Capital Management, LLC (a subsidiary of Assured Guaranty Ltd.)
Arlington-based Advantia Health — a growing national provider of women’s healthcare — announced it raised $45 million from BlueMountain Capital Management, LLC (a subsidiary of Assured Guaranty Ltd.). This round of funding comes after a year of rapid growth, including Advantia’s acquisition of Heartland Women’s Healthcare in the Midwest and Pacify — which is a leading telehealth app offering on-demand support to new mothers around the clock.
“We started Advantia with one goal in mind – to transform healthcare for all women, creating a better experience from the ground up,” said Advantia Founder and CEO Sean Glass. “We are excited to partner with BlueMountain on our largest investment to date to accelerate our growth, allowing us to provide a higher standard of coordinated, convenient care to thousands more women.”
BlueMountain’s investment will both increase Advantia’s footprint by bringing on more providers and additional women-focused specialties across the country and expand its innovative technology offerings. This round of funding will also help build Advantia’s new flagship women’s health practice that will integrate OB-GYN, primary care, mental wellness, and other health services to offer a best-in-class and differentiated experience in Washington, DC.
“We are partnering with Advantia because of their focus on integrated, value-based care combined with advanced technological capabilities that will continue to improve healthcare delivery,” added Jim Pieri, Head of Private Healthcare at BlueMountain.
Advantia is expanding quickly through organic growth and acquisitions, providing direct care through more than 200 providers across 60 locations serving over 430,000 patients at its OB-GYN and coordinated specialist offices.
“The market for comprehensive women’s healthcare continues to grow, and we believe that Advantia is at the center of innovation and value that is defining the future of care,” explained Ameya Agge, Managing Director at BlueMountain.
And Advantia also enables health plans, state health organizations, hospital systems, and employers to deliver high-value care through technology products including Pacify’s perinatal app.
“Advantia’s approach not only results in improved health outcomes and quality, but focuses on providing a distinctly better patient experience,” explained Advantia Chief Medical Officer Dr. Lisa Shah. “Our dedicated team of providers is focused on building a differentiated experience for women through listening and providing a comprehensive care plan that’s exactly right for them.”
In conjunction with the funding, Pieri and Agge of BlueMountain will join Advantia’s board of directors, which currently includes Deerfield Management Partner Leslie Henshaw, former CVS executive Mary Langowski, former Towers Watson COO Paul Daoust, and former McKinsey Managing Director and founder of McKinsey’s healthcare practice, Richard Foster.