Addiction Treatment Start Up Wayspring Raised $75 Million

Addiction treatment startup Wayspring (formerly axialHealthcare) raised $75 million in a funding round that included backing from Valtruis, the newly formed value-based care portfolio company of Welsh, Carson, Anderson, and Stowe (WCAS), Centene Corporation, CareSource and HLM Venture Partners. The funding also includes existing investors Highmark Ventures, .406 Ventures, the Blue Venture Fund, and Oak HC/FT. Wayspring will use the capital to scale its value-based care solution, a full-risk medical home model for addiction disorder.

Wayspring is a value-based care entity exclusively focused on addiction disorder. The company leverages data analytics to outreach to the . . .