Vera Whole Health Inc.
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Vera Whole Health Inc. - overview
Established
2008
Location
Seattle, WA, US
Primary Industry
Healthcare
About
Vera Whole Health Inc. is a U. S. -based provider of advanced primary care services, focusing on comprehensive healthcare solutions that cater to both preventive and acute health needs.
Founded in 2008, Vera Whole Health Inc. operates in Seattle, US, specializing in primary care services that emphasize personalized, judgment-free healthcare. The company was recently involved in a significant acquisition in July 2021, when Clayton Dubilier & Rice acquired Vera Whole Health, Inc. from Archimedes Health Investors, Puget Sound Venture Club, and Transformation Capital.
The firm has raised a total of USD 50. 00 mn across 8 deals, with its latest funding round occurring in July 2021, amounting to USD 10. 00 mn. The CEO, Ryan Schmid, along with co-founder Tom N.
, has been pivotal in driving the company’s vision. Vera Whole Health specializes in advanced primary care services, designed to support both preventive and acute healthcare needs. Their main offerings include comprehensive health check-ups, chronic condition management, health and lifestyle coaching, and mental health support. By providing a judgment-free environment, the company prioritizes personalized care, ensuring that providers dedicate ample one-on-one time with patients.
The integration of services with on-site labs and common prescription fills allows for streamlined healthcare experiences. Vera Whole Health operates in various geographical markets, including but not limited to Atlanta Metro, Seattle Metro, Anchorage, Portland, Las Vegas, Flagstaff, and Columbus Metro, serving a diverse client base of individuals and families seeking holistic health solutions. Vera Whole Health's revenue model is primarily based on direct-to-consumer services and partnerships with employers, offering tailored healthcare solutions for their employees. Clients access services through the My Vera app, which facilitates appointment scheduling and virtual care options.
Revenue is generated through subscription models, where individual users or companies pay for access to premium healthcare services, including wellness coaching and chronic disease management. The firm’s offerings include a range of health services addressing various conditions, making it appealing to a broad audience. The structured transactions usually involve services offered at a flat fee per appointment or through bundled service plans for ongoing care, ensuring predictable revenue streams while enhancing patient engagement. Following the acquisition in July 2021, Vera Whole Health plans to leverage Clayton Dubilier & Rice's expertise in value-based healthcare to support its expansion and innovation efforts.
The company aims to enhance its offerings and may introduce new products and services tailored to meet evolving healthcare needs. Expanding into additional markets is a key focus, with plans to penetrate new geographic regions by the end of 2023, further increasing access to its advanced primary care services. The funding received will facilitate these growth initiatives, enabling Vera Whole Health to enhance its operational capabilities and strengthen its market presence.
Current Investors
Clayton Dubilier & Rice, Transformation Capital, Archimedes Health Investors
Primary Industry
Healthcare
Sub Industries
Clinics/Outpatient Services, Healthcare IT, Web Applications, Medical Software
Website
www.verawholehealth.com
Verticals
HealthTech, Mobile Apps
Company Stage
Mature
Total Amount Raised
Subscriber access only
Vera Whole Health Inc. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on | Completed | Castlight Health, Inc. | - | ||||||||
| Secondary Buyout | Completed | Vera Whole Health Inc. | - |
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