Groups Recover Together Nabs $60M for Value-Based Care Platform for Opioid Addiction Treatment
HIT Consultant
What You Should Know:
– Groups Recover Together (Groups), a national leader in value-based care for opioid addiction treatment, today announced it has raised $60 million in Series C financing. Oak HC/FT led the round, joining existing investors Bessemer Venture Partners, Transformation Capital, RRE Ventures, Optum Ventures and Kaiser Permanente Ventures.
– The latest financing will support the expansion of Groups’ treatment model from locations in 12 states to at least 17 states by the end of 2021. Today, Groups treats more than 8,000 members across the country, a 45% increase over the past year.