By OPEN MINDS Circle
Healthmap Solutions, a portfolio company of WindRose Health Investors, LLC a health care-focused private equity firm, raised $100 million. The funding will be used to support ongoing business expansion. Healthmap is a national population health management company focused on kidney disease. The company has grown rapidly and is currently contracted with its health plan customers to serve over 160,000 individuals.
The funding will provide the company with the resources to implement newly awarded business and the balance sheet strength to support the growing portion of HealthMap’s covered lives that are contracted under capitated arrangements. Healthmap is contracted to manage over $3 billion in healthcare spend through risk-based arrangements with a number of the country’s leading health plans and at-risk providers. WindRose financed the transaction, which included commitments from WindRose’s sixth fund as well as a new WindRose vehicle capitalized and led by StepStone Group and joined by other new and existing investors.
Healthmap Solutions is an NCQA-accredited kidney population health management company serving health plans, health systems, accountable care organizations, and provider groups seeking a value-based solution to improve the lives of Americans living with chronic kidney disease. Using its advanced predictive analytics technology and clinical expertise, Healthmap provides early kidney disease identification and recommends clinically proven interventions to delay or slow disease progression. Healthmap Care Navigation teams work with patients and the full spectrum of a health plan’s providers to maintain access, minimize disruption and deliver personalized whole-person care from trusted providers. Healthmap’s approach is to proactively plan care transitions and optimize renal replacement therapy, with a focus on in-home dialysis treatment and transplant. This approach improves care, outcomes, and patient experience while lowering total medical costs for health plans and provider groups.
WindRose makes equity investments in companies that operate within the services sectors of the healthcare industry. The firm focuses on companies with a demonstrated ability to deliver cost-effective solutions. WindRose manages approximately $3 billion in investments.
StepStone Group Inc. is a global private markets investment firm focused on providing customized investment solutions and advisory, data and administrative services to its clients. As of June 30, 2023, StepStone was responsible for approximately $640 billion of total capital, including $143 billion of assets under management. StepStone’s clients include some of the world’s largest public and private defined benefit and defined contribution pension funds, sovereign wealth funds and insurance companies, as well as prominent endowments, foundations, family offices and private wealth clients, which include high-net-worth and mass affluent individuals. StepStone partners with its clients to develop and build private markets portfolios designed to meet their specific objectives across the private equity, infrastructure, private debt and real estate asset classes.
Contact information: WindRose Health Investors, LLC, 320 Park Avenue 33rd Floor, New York, NY 10022; 212-887-2105; Email: info@windrose.com; Website: https://www.windrose.com/