Village Practice Management Company, LLC
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Village Practice Management Company, LLC - overview
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
Primary Industry
Healthcare
Sub Industries
Healthcare, Healthcare IT, Medical Software
Website
www.villagemd.com
Verticals
HealthTech
Company Stage
Acquired
Total Amount Raised
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Village Practice Management Company, LLC - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Trade Sale | Announced | Summit Health | - |
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