CareBridge Secures $140 Million Financing To Expand Value-Based Care To Individuals Receiving Home & Community Based Services

CareBridge, which provides a value-based care solution for consumers receiving Medicaid home and community-based services (HCBS), announced it has closed a $140 million financing round to continue expanding its services across the country. The financing was led by Oak HC/FT with four of the nation's five largest managed Medicaid plans also having co-invested in the company. 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 databases, and expansion of services to consumers with intellectual/developmental . . .