HarmonyCares Raises $200M Funding

HarmonyCares, a Troy, MI-based provider of value-based in-home longitudinal care, raised $200M in funding.

The round was led by General Catalyst, McKesson Ventures, and a national payor which were joined by K2 HealthVentures and existing investors Rubicon Founders, Valtruis, HLM Capital, and Oak HC/FT.

The company intends to use the funds to expand its services to additional geographies and develop new technology to drive clinical outcomes and patient satisfaction at scale.

Led by CEO Matthew Chance, HarmonyCares is a value-based care provider of in-home primary care services for people with complex healthcare needs. It operates home-based primary care practices in 15 states, constituting a 175+ primary care provider group that delivers high quality primary care under an integrated, physician-driven model which includes ancillary services such as home health, hospice, palliative care, radiology, and laboratory.

Commenting on the news, Matthew Chance said: “This latest investment enables us to double-down on our commitment to expand access to value-based care for patients with complex clinical and social needs and who often have limited access to care, resources, or even family nearby.”