“Cascadia did an exceptional job positioning us in front of funds that align with our strategy and values. Their deep healthcare knowledge and relationships were key to receiving multiple offers and running a process that lasted less than three months from go-to-market to close. I couldn’t be more pleased with our results.”
Case Study
Vera Whole Health
Overview
- Based in Seattle, WA, Vera provides a scalable on-site medical management network that has proven abilities to drive meaningful healthcare cost savings for self-funded employers, and to improve overall employee health.
- The Company’s differentiated care model is multi-faceted and includes on-site health clinics, face-to-face health coaching and active patient management that results in industry-leading patient engagement and employee satisfaction.
Situation
- With strong historical growth and a differentiated clinical model, Vera has a significant opportunity to become the leading provider of on-site healthcare services to self-funded employers.
- In order to take advantage, of this opportunity, the Company required additional capital to fund new clinic openings, and the operational expertise of an experienced healthcare services investor to rapidly scale across the nation.
Cascadia Process
- Vera engaged with Cascadia to run a 3-month capital raising process.
- Cascadia executed an efficient targeted process, exposing management only to leading institutional healthcare investors with aligned strategy and values, resulting in a competitive process with multiple term sheets.
- The Company closed a $24 million growth equity investment from a consortium of investors, led by Leerink Transformation Partners.
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