Remedy Partners offers a bundled payment network serving Medicare and private insurers, enabling payers and providers to organize and finance care by episode. The company manages over $9 billion of annual health spending, a key operating metric. Led by Founder and Chairman Steve Wiggins, Remedy combines software and services to support bundled payments and value-based arrangements. The recent transaction positions the company for accelerated business development and M&A activity under its new investor. New Mountain Capital will take an active strategic role, which suggests plans to expand partnerships and deal activity. The recapitalization keeps all prior investors as shareholders while transferring a portion of early VC stakes to New Mountain. Remedy Partners develops and manages bundled payment programs in partnership with hospitals, physician groups, health systems, skilled nursing facilities and home health agencies. Its role in bundled payment programs includes advanced analytics, care management and workflow software, online and on-site training, 24/7 telephonic nurse support, creation and management of post-acute provider networks, and administrative services. Since implementing its first partnership in October 2013, the company has live bundled payment programs in more than 1,300 healthcare provider sites, including more than 800 hospitals. The company is based in Darien, CT. Remedy raised $50M in a Series B financing led by Bain Capital Ventures and intends to use the funds to grow customers and partnerships. Bain Capital Ventures managing director Mike Krupka will join Remedy Partners’s board as part of the investment.

Total raised

$50M

Funding rounds

2

Latest round

Series B

Latest activity

Jul 2015