Denver in-home care provider DispatchHealth valued $1.7bn after latest funding round



by   |  VIEW 1215

Denver in-home care provider DispatchHealth valued $1.7bn after latest funding round

DispatchHealth, the Denver, Colorado-based seven-year old in-home care provider, had issued a statement late on Wednesday saying that the American medical care provider had shelved a $200 million at a latest fundraising campaign led by the New York-based investment fund Tiger Global Management, valuing the Colorado-headquartered in-home medical healthcare provider at more than $1.7 billion.

On top of that, DispatchHealth was also quoted saying at its statement published in the day that its latest “Series D” fundraising campaign, had brought in a stark upsum of $417 million. Besides, the recent funding campaign of DispatchHealth followed a Series C funding event in June last year that raised about $135.8 million in fresh inflows.

DispatchHealth valued at $1.7 billion after latest funding round

Aside from that, a “Series D” funding round of DispatchHealth came against the backdrop of a meteoric upsurge in demands of in-home alongside virtual healthcare services, in particular in US old-homes that usually host a number of elderly people with critical health conditions, as pandemic-wary Americans appear to have remained reluctant to visit hospitals over frets of getting infected with the pandemic pathogen.

Apart from its latest funding round, DispatchHealth had teamed up with a regional health insurer Humana last month in a bid to provide at-home virtual treatments for the health insurer’s members in US state of Colorado, Tacoma and Washington, while the company had also said in the statement that it had plans to capitalize on the fresh capitals to stretch out its platform to more than 100 markets.

Founded back in the 2013s, Denver-based DispatchHealth had been offering at-home healthcare services to more than 200,000 patients, while people seeking at-home healthcare services are allowed to book its services through the company’s website or mobile app.