Monogram Health, a benefit management and care delivery company transforming care for individuals with chronic kidney and end-stage renal disease, announced that it has closed a $160 million Series B funding round led by TPG Capital, the private equity platform of global alternative asset firm TPG. The funding round also includes existing investors Frist Cressey Ventures and Norwest Venture Partners, as well as Humana Inc. and other notable national and regional strategic investors.
The investment will be used to fuel the company’s continued rapid expansion as the leading solution for improved kidney care in the U.S. In conjunction with the investment, Todd Sisitsky, co-managing partner of TPG Capital who co-leads the platform’s health care franchise, has joined the Monogram Health Board of Directors.
Based in Nashville, Tennessee, Monogram is focused exclusively on managing chronic kidney disease (CKD) and end-stage renal disease (ESRD) at home. The company partners with health plans to provide their members with an evidence-based renal care model of clinical managed services, including complex case and disease management, utilization management, and medication therapy management, to improve consumer outcomes and quality of life while dramatically reducing costs for the health care system.
More than 10% of the U.S. adult population with CKD today are untreated until their final stages due to the shortcomings of existing care models. Leveraging the company’s technology and managed services platform, Monogram’s clinical team of nurses, nephrologists, dieticians, pharmacists, and social workers partner closely with a consumer’s entire care network to help them understand their condition, slow disease progression, and manage their unique care needs.
Monogram currently operates its renal disease clinical managed services to manage benefits across 20 states in the U.S. and has built a national network of nephrologists that includes hundreds of leading kidney care specialists. In April it opened an operations center in Arizona to support its growth in Western states.
Monogram Health is a leading kidney disease focused benefit management and care delivery company. It provides an innovative renal care model and data-driven array of clinical managed services, including complex case and disease management, utilization management, and medication therapy management to transform the delivery of care received by consumers living with chronic kidney and end-stage renal disease. Partnering with health plans, primary care professional practices, dialysis provider organizations, and clinically integrated health systems, Monogram Health provides consumers with exceptional at-home individualized clinical managed services and nephrology care delivery. Through the use of next generation artificial intelligence, evidence-based criteria, and personalized care planning, Monogram Health’s model seeks to delay the progression of the disease, promote a seamless transition to dialysis, palliative care and/or pre-emptive kidney transplant, and optimize health outcomes for consumers with end-stage renal disease. Monogram Health is privately held by Frist Cressey Ventures, Norwest Venture Partners, and TPG Capital.
TPG is a leading global alternative asset firm founded in 1992 with more than $91 billion of assets under management and offices in Beijing, Fort Worth, Hong Kong, London, Luxembourg, Melbourne, Mumbai, New York, San Francisco, Seoul, Singapore, and the District of Columbia. TPG’s investment platforms are across a wide range of asset classes, including private equity, growth equity, impact investing, real estate, secondaries, and public equity. TPG aims to build dynamic products and options for its investors while also instituting discipline and operational excellence across the investment strategy and performance of its portfolio.
This was reported by Monogram Health on June 8, 2021.
Contact information: Susanne Powelson, Communications, Monogram Health, 40 Burton Hills Boulevard, Suite 140, Nashville, Tennessee 37215; 615-440-6846; Email: firstname.lastname@example.org; Website: www.monogramhealth.com