Devoted Health raises $1.2B as Medicare Advantage growth accelerates
· Health · United States
Devoted Health, a Medicare Advantage insurer and medical group, announced nearly $1.2 billion in fresh funding after enrolling hundreds of thousands of new senior members this year. The financing includes $555 million in a Series G round.
Why it matters：It signals investors are still betting big on tech-enabled Medicare Advantage insurers despite pressure on the sector's economics.
Key points
- The company enrolled hundreds of thousands of new senior members this year.
- Funding totals nearly $1.2 billion, including a $555 million Series G.
- Devoted operates both an insurer and a medical group.
Sources (original reporting)
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