Centivo Secures $75M to Revolutionize Healthcare's Broken Blueprint

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Centivo Secures $75 Million to Enhance Healthcare Accessibility and Affordability

Centivo, a leading healthcare company, has secured $75 million in equity and debt financing to further its mission of making high-quality healthcare more accessible and affordable for Americans. This financing round is a crucial step in ensuring that more hard-working Americans and their families receive the healthcare they need without the burden of surprise bills and financial worries, said Ashok Subramanian, CEO and co-founder of Centivo.

The funds will be utilized to empower employers in managing healthcare costs effectively. Morgan Health (a division of JPMorgan Chase), Ingleside Investors, Cone Health Ventures, F-Prime Capital Partners, B Capital, Cox Enterprises, and MemorialCare Innovation Fund participated in the funding round.

The primary objective of this investment is to strengthen and expand Centivo's product and technology offerings. Additionally, the company aims to establish strategic partnerships with health systems to deliver financial savings and improved patient outcomes, while reducing annual employee out-of-pocket costs by approximately $1,200.

The funding round was led by B Capital Group, with contributions from Define Ventures, HarbourVest Partners, Nassau Street Ventures (an AVG fund), Bain Capital Ventures, Company Ventures, F-Prime Capital, Ingleside Investors, Maverick Ventures, and Rand Capital. Other notable investors include F-Prime Capital Partners, Maverick Ventures, Bessemer Venture Partners, Ingleside Investors, Rand Capital, Grand Central Tech Ventures, Oxeon Investments, and individual investors such as Jim Foreman, Ken Goulet, and Kevin Hill.

Centivo's Commitment to Innovation

Centivo is dedicated to driving innovation in the healthcare industry. The company's platform leverages advanced technology to provide employers with real-time data and insights into their healthcare spending. This enables employers to make informed decisions, optimize their healthcare plans, and reduce costs while ensuring the well-being of their employees.

Expanding Access to Quality Healthcare

Centivo's mission is to make high-quality healthcare accessible and affordable for all Americans. The company's innovative solutions empower employers to provide comprehensive healthcare coverage to their employees without the burden of high out-of-pocket

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