Pearl Health, a New York-based healthcare outcomes platform for Medicare patients, announced a $110 million capital raise on the heels of reaching profitability in 2025. The financing includes a $50 million equity round led by Andreessen Horowitz and a $60 million credit facility led by Trinity Capital, with the company planning to deepen its AI capabilities and push into Medicare Advantage.
How the financing breaks down
The equity round drew participation from Viking Global Investors, AlleyCorp and Ulysses Capital. The $60 million credit facility was structured by Trinity Capital. Pearl Health said the combined funds will support platform enhancements, new risk-bearing offerings, an expansion into Medicare Advantage, and broader enterprise partnerships with health systems and payers.
"Pearl has demonstrated that managing risk across large patient populations across many different settings of care can improve patient outcomes, generate meaningful savings and support a sustainable business model at scale," said Dr. Vineeta Agarwala, general partner at Andreessen Horowitz. "Pearl's ability to enable providers to participate in value-based payment programs successfully - and to do so through technology, rather than clinical workforce expansion - is a testament to both the vision and execution of the Pearl team."
What the platform does
Pearl Health's technology helps primary care providers in value-based care arrangements identify patients most likely to need additional support. The platform uses AI analytics, population health tools and clinical recommendations to flag patients with multiple chronic conditions, recent hospitalizations or other care gaps. It also tracks quality metrics such as hospital readmissions and annual wellness visits, giving practices a clearer view of performance without requiring them to add clinical staff.
Growing network of partnerships
Since its founding in 2020, Pearl Health has inked deals with a range of organizations. Earlier this year, it partnered with Accountable Health Partners, a clinically integrated network tied to the University of Rochester Medical Center, to standardize care coordination and proactive outreach. In 2024, the company signed on with MDX Hawai'i, a physician network with more than 630 primary care doctors and 2,300 specialists, to deliver data insights for providers focused on Accountable Care Organizations.
Other collaborations include telemedicine company Synapticure, Walgreens, Virginia Care Partners (an HCA affiliate), Centene's Wellcare Medicare brand, and ambient AI firm DeepScribe. The company previously raised a $75 million Series B in 2023 and an $18 million Series A in September 2021.
Why this matters for healthcare professionals
Pearl Health's raise signals that payers and investors are willing to fund technology that helps primary care groups take on financial risk without hiring armies of care coordinators. For healthcare leaders and clinicians, the move toward AI-driven patient identification and performance tracking means that value-based contract participation could become more accessible - and more automated - shifting the operational burden away from manual chart reviews and toward real-time, data-backed decisions at the point of care.
Your membership also unlocks:
