CareBridge Closes $140 Million Financing To Expand Value-Based Care For Home & Community Based Services

CareBridge, the nation's leading value-based care solution for consumers receiving home and community-based services (HCBS), has closed a $140 million financing round. It plans to use the funding to continue expanding its services across the country. The financing was led by Oak HC/FT and four of the nation's five largest managed Medicaid plans. The financing, which valued the company at over $1 billion, will be used to support the company's continued geographic expansion, ongoing build of the nation's largest HCBS database, and expansion of services to consumers with intellectual/developmental disabilities (I/DD . . .