SPI Digital Health: All Aboard the Aledade Acquisition Train!
Published: July 20, 2023
There are three certainties in life in 2023: death, taxes and Aledade’s ability to raise sizeable chunks of cash in otherwise stressed capital markets. And so last month’s news that it had secured another $260M in Series F funding, to go with $123M Series E funding it banked in June last year, is hardly a revelation. But what the Accountable Care Organisation (ACO) does with the money might be.
The Signify View
In a recent interview, Aledade CEO Farzad Mostashari hinted at how the company might approach the new funding stream. Some, he explained, would be used to bulk up the company’s tech capabilities and services, and that it would take an ‘opportunistic’ approach to acquisition to achieve this goal. This would continue Aledade’s acquisitive mindset which has seen it pick up value-based care (VBC)-focused analytics company Curia and advanced care planning company Iris over the last year.