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$417.74 10.6  2.6%

Last Trade - 09/04/21

Sector
Healthcare
Size
Large Cap
Market Cap £39.31bn
Enterprise Value £41.00bn
Revenue £56.28bn
Position in Universe 232nd / 6827

In-home care provider DispatchHealth valued at over $1.7 bln after funding round

Wed 3rd March, 2021 5:30pm
March 3 (Reuters) - DispatchHealth said on Wednesday it had
secured $200 million in its latest funding round, taking the
valuation of the Colorado-based provider of in-home medical care
to over $1.7 billion.  
    The Series D funding round, led by Tiger Global Management,
brings the company's total funding to over $417 million,
DispatchHealth said. The company had raised $135.8 million in a
Series C funding round last June.
    The COVID-19 pandemic boosted demand for in-home and virtual
healthcare services, especially for the elderly with chronic
health conditions who have been reluctant to visit hospitals due
to fears of getting infected.     
    DispatchHealth also attracted investment from health insurer
Humana  HUM.N , which last month teamed up with the startup to
provide at-home treatment for its members in Denver, Colorado
and Tacoma, Washington.  urn:newsml:reuters.com:*:nBw194GkZa
    The startup, which has delivered in-home care to more than
200,000 patients since launching in 2013, said it would use the
funds to expand its platform to 100 markets.
    DispatchHealth allows users to book its services through its
mobile app or website.

 (Reporting by Manojna Maddipatla in Bengaluru; Editing by
Ramakrishnan M.)
 ((manojna.kalyani@thomsonreuters.com; +91  8061822700;))
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