Wellvana Health offers a care model that helps independent primary care physicians, specialists, and health systems deliver care through flexible partnership structures such as acquisitions, joint ventures, or affiliate models. The company provides providers a range of partnership options while supporting clinical and operational needs across partners. Wellvana currently serves health care providers in 22 states and manages lives across multiple payors. The company intends to use new funding to continue growth in existing markets and to expand into new U.S. geographies. Since November 2020 it has raised approximately $140M in total funding. Kyle Wailes is CEO and the company was founded in 2019. Wellvana is a high-performance clinically integrated physician network that brings together a select group of independent primary care physicians and specialists to provide coordinated, high-quality care. The network standardizes quality measures and holds physicians accountable to measurable performance standards while keeping clinicians independent (not employed). Wellvana emphasizes physician leadership and partnerships between primary care and specialty providers to align convenience, outcomes and cost for patients. The company plans to offer its network immediately to employers within the San Antonio geographic region, targeting self-insured employers to help bend the healthcare cost curve. Wellvana was founded and financed by healthcare executive Charlie Martin alongside prominent San Antonio physician leaders including Dr. Salah Jaafar and Dr. Jairo Melo; Michael Platek serves as CEO. Martin’s background includes founding Vanguard Health Systems, which he sold to Tenet Healthcare after operating Baptist Health System.

Total raised

$89M

Funding rounds

2

Latest round

Equity

Latest activity

Mar 2023