ElderHealth Raises $52 Million for Expansion

December 20, 2004 ElderHealth Raises $52 Million for Expansion ElderHealth Inc., an HMO focused on providing personalized medical care for the elderly poor, announced November 30, 2004, that it raised a $52 million Series G round of financing to support its geographic expansion. The Series G financing began in April 2004 with a target of $25 million and closed at the end of October 2004.  The funds are to be distributed to ElderHealth in the form of an immediate $30 million first share and a $22 million equity line to be used during the next 18 months. The funding will . . .