Village Practice Management Company, LLC Asset Profile

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Year established

2013

Location

Chicago IL US

Primary Industry

Healthcare

About

Based in Illinois, US, and founded in 2013 by Clive Fields, Paul Martino, and Tim Barry, Village Practice Management Company, LLC, d.b.a. VillageMD, provides management services to healthcare providers. In October 2021, Village Practice Management Company raised USD 5.2 billion in venture funding from Walgreens Boots Alliance Inc. The company has raised a total of USD 5,691 million in funding. Tim Barry is the CEO of Village Practice Management Company, LLC. Village Practice Management provides a platform with tools, technology, operations, and staffing support needed for healthcare providers and professionals to provide care delivery and optimize population health outcomes. The company’s proprietary platform unifies hundreds of data points that providers use to deliver industry-changing results. In addition, Village Practice Management works with health systems, independent practice associations, and physician groups to enhance quality, deliver a good patient experience, and lower costs. The company generated revenue of USD 217 million in 2017. Village Practice Management Company, LLC plans to use its proceeds from October 2021 funding to advance its strategic position in the delivery of value-based primary care and expects to earn USD 1.3 billion in revenue by the end of 2021. In addition, the company plans to accelerate the opening of 600 Village Medical primary care practices in about 30 markets of the US by 2025 and about 1,000 by 2027.

Current Investors

Athyrium Capital Management, Adams Street Partners, Kinnevik

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Primary Industry

Healthcare

Sub Industries

Healthcare, Healthcare IT, Medical Software

Website

www.villagemd.com

Verticals

HealthTech

Company Stage

Acquired

Total Amount Raised

Subscriber access only

Deals

Deals Type
Trade Sale
Unspecified Round
Series B
Unspecified Round
Growth Capital/Expansion

Deal Status	Target (s)	Deal Date
Announced	Summit Health	07 Nov 2022
Completed	Village Practice Management Company, LLC	08 Jul 2020
Completed	Village Practice Management Company, LLC	04 Sep 2019
Completed	Village Practice Management Company, LLC	10 Apr 2019
Completed	Village Practice Management Company, LLC	04 Jan 2018

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