Groups Recover Together Raises $60 Million In Series C To Meet The Growing Need For High Quality, Affordable, Evidence-Based Opioid Addiction Treatment

Groups Recover Together (Groups), a national leader in value-based care for opioid addiction treatment, announced it has raised $60 million in Series C financing. Oak HC/FT led the round, joining existing investors Bessemer Venture Partners, Transformation Capital, RRE Ventures, Optum Ventures, and Kaiser Permanente Ventures.

The latest financing will support the expansion of Groups’ treatment model from locations in 12 states to at least 17 states by the end of 2021. Additionally, after transitioning to serving their members exclusively through virtual care during coronavirus disease 2019 (the COVID-19), the company will further bolster its commitment to meeting . . .