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Business Insider·3 min read·medium

Devoted Health is raising a new round of funding at a $25 billion valuation

Devoted Health is raising a new round of funding at a $25 billion valuation
AI Summary

Healthcare startup Devoted Health is in talks to raise a new funding round that could value the company at $25 billion. The company uses proprietary AI to coordinate medical care for Medicare Advantage members.

Why it matters

This valuation reflects the growing investor appetite for healthcare companies that integrate AI to improve patient outcomes and operational efficiency in the Medicare market.

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Medicare advantage Patrick T. Fallon / AFP via Getty Images Healthcare startup Devoted Health is raising a new round of funding. The round could value the healthcare company at $25 billion. Devoted Health was founded by brothers and former healthcare executives Ed and Todd Park Devoted Health is the latest startup to show that combining health and AI commands a premium valuation. Just months after announcing a new round of funding, the Medicare Advantage startup is in talks to raise another round that could value the company at $25 billion, according to sources familiar with the matter. That's a jump from the company's $16 billion valuation in a funding round raised earlier this year, according to sources. Devoted Health, which is based in Waltham, Massachusetts, was founded in 2017 by brothers and former healthcare executives Ed and Todd Park.

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