QuantLogix Private Company Profile

← Back to list

Devoted Health

Tech-enabled Medicare Advantage insurer with in-house clinical care.
Healthcare 📍 Waltham, MA Founded 2017
Current Valuation
$13B
as of 2023-Q4
DECACORN
Devoted Health is a tech-enabled Medicare Advantage insurer founded by Athenahealth co-founders Todd and Ed Park, combining a health plan with an in-house clinical group (Devoted Medical). Sacra-tracked revenue reached $3.27B in 2024, up 69% YoY.

Company Profile

CEO
Todd Park
Founded
2017
HQ
Waltham, MA
Employees
2000+
Total Raised
$2.6B
Est. Revenue
$3.3B (2024)
Growth
+69% YoY
Last Round
Series E (Extension) — $287M (Dec 2023) · Lead: Undisclosed
IPO Status
rumored

Founders & Key People

Ed ParkTodd Park

Investors

Andreessen Horowitz · GIC · Premji Invest · Uprising · Maverick Ventures · Frist Cressey Ventures · ICONIQ Capital

Products

  • Devoted Health Medicare Advantage plans
  • Devoted Medical (in-house clinical group)
  • Member-facing digital health platform

Competitors

Humana · UnitedHealth (Optum) · Clover Health · Alignment Healthcare · Bright Health
HealthTechInsuranceMedicare AdvantageTelehealthUnicorn
Private-company numbers are not real-time. Reflects publicly disclosed valuations from press releases, news reports, and tender offers as of 2023-Q4. Refreshed quarterly.