Activate Healthcare, LLC

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Activate Healthcare, LLC - overview

Established

2009

Location

Indianapolis, IN, US

Primary Industry

Healthcare

About

Activate Healthcare, LLC specializes in delivering integrated healthcare solutions, enhancing access and efficiency in patient care through on-site clinics, telehealth services, and wellness programs for businesses and organizations. Activate Healthcare, LLC was founded in 2009 and operates from its headquarters in Indianapolis, US. The company provides integrated healthcare solutions aimed at improving employee health for corporate clients. In January 2019, Activate Healthcare was acquired by Paladina Health LLC, a portfolio company of several investors, marking a strategic shift in its business operations.


Activate Healthcare's core offerings center around innovative healthcare solutions designed to improve access and efficiency in patient care. The company provides integrated healthcare services that include on-site healthcare clinics, telehealth services, and wellness programs tailored for businesses and organizations. These services aim to address prevalent healthcare challenges such as accessibility to primary care and chronic disease management, serving clients primarily in the corporate sector. Their client base includes diverse industries, with a focus on employers looking to enhance employee health and productivity.


Activate Healthcare’s services are operational in various geographical markets across the United States, making healthcare more accessible to employees in multiple states and regions. The company's revenue model is structured around partnerships and service agreements with client organizations, which typically engage Activate Healthcare to establish on-site clinics or access telehealth services for their employees. Clients may opt for subscription-based plans that cover a range of services, allowing employees to receive personalized healthcare solutions conveniently. Revenue is generated through these subscription arrangements, where fees are established based on the breadth of services provided and the size of the client organization.


Activate Healthcare's flagship services are designed to foster long-term relationships with clients, ensuring a steady revenue stream as organizations prioritize health and wellness programs for their workforce. Following its acquisition in January 2019, Activate Healthcare is focused on expanding its service offerings and geographic reach. The company is looking to develop new products aimed at enhancing telehealth capabilities, with plans for a launch in 2023. Additionally, Activate Healthcare is targeting expansion into new markets, specifically aiming to establish a presence in the Southeastern and Western regions of the United States by 2024.


The funding received from its recent acquisition will be utilized to bolster these initiatives and enhance operational infrastructure to support the growing demand for accessible healthcare solutions.


Current Investors

Alta Partners, New Enterprise Associates, Greenspring Associates

Primary Industry

Healthcare

Sub Industries

Government, Clinics/Outpatient Services, Healthcare IT

Website

www.activatehealthcare.com

Company Stage

Add-on

Total Amount Raised

Subscriber access only

Activate Healthcare, LLC - deals

Deals TypeDeal StatusTarget (s)Deal DateInvestor(s)Seller(s)Deal size (Mn)Enterprise value (Mn)Post-money valuation (Mn)EBITDA multiple (x)Revenue multiple (x)Lead partner (s)
Add-on, Trade SaleCompletedActivate Healthcare, LLC-
GrowthCompletedActivate Healthcare, LLC-
GrowthCompletedActivate Healthcare, LLC-
GrowthCompletedActivate Healthcare, LLC-

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