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Iora Health

Iora Health

A healthcare company helping patients management their health and their involvement in the healthcare system.

Iora Health is a healthcare company helping patients management their health and their involvement in the healthcare system that is headquartered in Boston, Massachusetts and was founded in 2011 by Christopher McKown and Rushika Fernandopulle.

Funding
Venture round

On January 1, 2011 Iora Health announced raising an undisclosed of venture funding from Eight Roads Ventures.

Series A

On October 24, 2011 Iora Health announced raising $6.3 million in series A funding from investors.

Series B

On April 17, 2013 Iora Health announced raising $14 million in series B funding from Tony Hsieh (lead investor), Polaris Partners, .406 Ventures, and F-Prime Capital. The company plans on using their series B funding to expand its operations in the markets it is operating in.

Series C

On January 26, 2015 Iora Health announced raising $28 million in series C funding from Flare Capital Partners (lead investor), Polaris Partners, Khosla Ventures, GE Ventures, F-Prime Capital, and .406 Ventures. The co-founder and CEO of Iora Health, Rushika Fernandopulle, made the following statements regarding the company's series C funding round:

We’re humbled by the great interest in our Series C financing and we are honored to have such a great group of new investors join our current ones. In the last four years, Iora Health has grown from a start up with an idea of how to improve health care to serving and improving the lives of thousands of patients across the U.S.. We are excited to grow with this round to continue to deliver on our mission to restore humanity to health care.
Series D

On October 13, 2016 Iora Health announced raising $75 million in series D funding from Temasek Holdings (lead investor), Rice Management Company, Polaris Partners, Khosla Ventures, GE Ventures, Flare Capital Partners, F-Prime Capital, and .406 Ventures. Terry McGuire, a board member of Iora Health and partner of Polaris Partners, made the following comments regarding Iora Health's series D round:

Iora Health continues to unlock tremendous value through its current partnerships, with a deep pipeline of others on the way. We are showing very attractive unit economics and the ability to rapidly scale in multiple geographies. We are excited to continue to support Iora in its journey to transform health care.
Series E

On May 21, 2018 Iora Health announced raising $100 million in series E funding from Flare Capital Partners (lead investor), Temasek Holdings, Polaris Partners, Khosla Ventures, Humana, GE Ventures, Flare Capital Partners, F-Prime Capital Partners, Devonshire Investors, and .406 Ventures. Rushika Fernandopulle, Co-Founder and CEO of Iora Health, made the follwoing comments on the company's series E funding round:

Last year we doubled our number of patients, and we are on track to do the same this year. Iora's vision since our inception has been to transform health care. To have truly transformative impact, we must continue to grow and care for more patients. With the support of our investors, this new funding will allow us to deliver our high quality care to more patients in new and existing markets.
Series F

On February 10, 2020 Iora Health announced raising $126 million in series F funding from Premjilnvest (lead investor), Temasek Holdings, Polaris Partners, Khosla Ventures, Flare Capital Partners, F-Prime Capital, Devonshire Investors, Cox Enterprise, and .406 Ventures. The copmany plans on using their series F funding to grow, refine, and optimize their care model, and to improve their Medicare-certified electronic health records system.

Timeline

February 10, 2020
Iora Health raises a $126,000,000 series F round.
May 2018
Iora Health raises a $100,000,000 series E round from .406 Ventures, Devonshire Investors, F-Prime Capital Partners, Flare Capital Partners, GE Ventures, Humana, Khosla Ventures, Polaris Partners and Temasek Holdings.
October 2016
Iora Health raises a $74,993,759 series D round.
January 2015
Iora Health raises a $28,000,001 series C round.
April 2013
Iora Health raises a $14,000,000 series B round from .406 Ventures, Fidelity Biosciences, Polaris Partners and Tony Hsieh.
October 24, 2011
Iora Health raises a $6,250,000 series A round.
October 3, 2011
Iora Health was founded by Christopher McKown and Rushika Fernandopulle.

Funding rounds

People

Further reading

Documentaries, videos and podcasts

Companies

News

Title
Author
Date
Publisher
Description
Heather Landi
August 6, 2021
FierceHealthcare
One Medical's anticipated acquisition of Iora Health will position the company as a "premier national brand and healthcare organization," CEO Amir Dan Rubin told investors, as it will reach nearly 40% of the U.S. population.
Dave Muoio
July 6, 2021
FierceHealthcare
Tenet sells off five Florida hospitals for $1.1 billion, Anthem adds more than 500,000 members with MMM Holding acquisition, Datavant combining with Ciox Health to form a $7 billion health data ecosystem and more merger and acquisition news from the month of June.
Moore Kuehn, PLLC
June 22, 2021
www.prnewswire.com:443
/PRNewswire/ -- Moore Kuehn, PLLC, a law firm focusing in securities litigation located on Wall Street in downtown New York City, is investigating potential...
Mohana Ravindranath
June 7, 2021
Business Insider
One Medical said Monday it plans to acquire Iora Health, in a deal that sets the primary care company up to expand beyond the commercially insured.
Paige Minemyer
June 7, 2021
FierceHealthcare
Tech-enabled primary care provider One Medical has entered into an agreement to acquire Iora Health, another primary care competitor focused on Medicare patients, in a $2.1 billion deal.
Shelby Livingston
May 11, 2021
Business Insider
Humana shared the investment strategies it's using to help create better health outcomes for its members and lower its costs.
Blake Dodge
February 24, 2021
Business Insider
Startups looking at new ways to pay for and provide care like Cityblock Health and VillageMD collectively raised $3.6 billion in 2020.
Cigna
January 6, 2021
www.prnewswire.com:443
/PRNewswire/ -- Cigna Corporation, a global health service company, has added Iora Health, an innovative primary care provider group, to its rapidly expanding...
Umar Ikram
November 24, 2020
Harvard Business Review
Lessons from four innovative health providers.
Lydia Ramsey
October 31, 2019
Business Insider
Iora has already raised more than $250 million to fund its vision of a new way of providing medical care. Now, the company is expanding quickly.
Lydia Ramsey
September 12, 2019
Business Insider
Iora Health, ChenMed, and Oak Street Health are part of a crop of disruptors changing how patients get their healthcare.

References

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