AbsoluteCare Secures $135 Million Investment for Expansion

AbsoluteCare has secured $135 million in equity financing from a group of investors, including CVS Health Ventures, Kinderhook Industries, Pacific Life, and Lexington Partners, announced in a press release. This funding aims to enhance AbsoluteCare's operations and facilitate its expansion into new markets, focusing on providing comprehensive healthcare to vulnerable and chronically complex members.

The investment will support AbsoluteCare's Beyond Medicine™ model, which integrates social determinants of health support, behavioral health care, primary and urgent care, and pharmacy services. This approach has reportedly led to a 34% reduction in emergency department visits and a 20-30% decrease in total care costs for its members.

With 25 years of experience, AbsoluteCare operates in 11 markets across the United States, offering services through comprehensive care centers located in urban communities. The company is committed to improving health outcomes by increasing interactions with primary care providers and reducing unnecessary healthcare utilization.