Ropes & Gray advised Iora Health on the deal, while Pillsbury Winthrop Shaw Pittman LLP advised Premji Invest, lead investor.
Iora Health, an innovative primary care provider network, raised $126 million on its Series F funding round.
India-based Premji Invest, the investment group of Wipro Ltd. chairman Azim Premji, led the funding round and was joined by existing investors Cox Enterprises, Temasek, F-Prime Capital, Devonshire Investors, .406 Ventures, Flare Capital Partners, Polaris Partners, and Khosla Ventures.
The Series F funding will be used to accelerate growth and optimize Iora Health’s care model.
Iora Health has 48 practices across the U.S. serving thousands of Medicare beneficiaries. Iora Health was founded to transform healthcare. With a two-year compound annual growth rate of over 70%, the company has 48 practices across the U.S. serving thousands of Medicare beneficiaries. Iora’s focus on longitudinal relationships with patients and Medicare plans via value-based care partnerships encourages connections.
The Ropes & Gray team that advised Iora Health was led by private equity partner Daniel Evans (Picture; New York) and included private equity associates Marc Migliazzo and Catherine Simes (both of Boston).
The Pillsbury team included Armando Castro, Jasmine Alves and Omar Bailony.
Involved fees earner: Jasmine Alves – Pillsbury Winthrop Shaw Pittman LLP; Omar Bailony – Pillsbury Winthrop Shaw Pittman LLP; Armando Castro – Pillsbury Winthrop Shaw Pittman LLP; Daniel Evans – Ropes & Gray; Marc Migliazzo – Ropes & Gray; Catherine Simes – Ropes & Gray;