February 13, 2018
Cascadia Capital, an investment bank serving middle market clients globally, today announced that its client, Vera Whole Health (“Vera”, or the “Company”), a next-generation primary care provider focused on self-insured employers, has received an undisclosed debt financing from Comerica. Cascadia served as the exclusive financial advisor to Vera in the transaction.
Founded in 2007, Vera provides a scalable on-site medical management network that has proven abilities to drive meaningful healthcare cost savings for employers, and to improve overall employee health.
Vera’s differentiated care model is multi-faceted, and includes: 1) on-site (or near-site) health clinics, 2) face-to-face health coaching and active patient management that results in industry-leading patient engagement and employee satisfaction, 3) a focus on shaping and transforming an organization’s health culture, and 4) the catalyst of preventive and chronic care management and the elimination of high cost duplicative care through care protocols that facilitate population health and optimized referral value propositions.
The financing represents another successful transaction for Cascadia in the Healthcare sector. Cascadia also advised Vera on its $24 million Series D growth equity financing in 2017. Other recent notable private placement transactions include equity financings for BardyDX and Impel Neuropharma.
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