Honest Health, a Nashville, TN-based care enablement organization, has raised $140 million in a Funding round led by NewSpring Healthcare.
The round also saw participation from K2 HealthVentures, Rubicon Founders, Oak HC/FT, Welsh, Carson, Anderson & Stowe (WCAS), and Durable Capital Partners.
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The company plans to use the funds to support growth, including entering new markets and forming partnerships with health systems, providers, and payers.
Leerink Partners acted as the exclusive financial advisor, and Ropes & Gray served as legal counsel to Honest Health for the transaction.
With support from NewSpring Healthcare and other investors, Honest Health is well-positioned to expand nationally and deliver strong results in increasingly complex risk environments.
Honest Health today announced a $140 million funding round. NewSpring Healthcare provides healthcare companies with industry expertise and executive experience, working closely with founders and CEOs to support growth, identify key opportunities, and guide important financial and operational decisions.
“Value-based care is transforming healthcare, creating strong demand for partners who can deliver at scale,” said Mike Kaplan, NewSpring Partner and Honest Health board member. “Honest Health has shown it can help health systems manage this transition, and we see great potential to expand its reach. With our healthcare experience, we’re excited to support Honest Health in driving value-based care adoption and the next stage of growth.”
“Health systems and providers are under increasing pressure to improve outcomes and control costs, creating a greater need for value-based care models supported by strong clinical leadership, proven processes, and scalable infrastructure,” said Rob Bessler, M.D., CEO of Honest Health.
“Honest Health was founded on the belief that true healthcare transformation happens when providers have the tools, support and accountability to focus on value, not volume,” said Matt Kim, partner at Rubicon Founders. “In a short time, the company has proven this by improving patient outcomes, boosting operational performance, and creating a sustainable path for providers. We’re proud of their progress and excited to continue growing with them, and NewSpring as Honest Health enters its next phase.”
About Honest Health
Founded in 2021 by CEO Rob Bessler, M.D., Honest Health is a physician-led, value-based care organization that helps health systems and providers improve outcomes and reduce costs. Bessler, who also founded Sound Physicians and grew it into a multibillion-dollar organization across 42 states, leads a team with deep clinical and operational expertise. Co-founders Adam Boehler, Abe Sutton, and Matt Kim of Rubicon Founders bring additional healthcare leadership—Boehler formerly directed the Center for Medicare and Medicaid Innovation, now led by Sutton. Honest Health supports clinicians with insights, operational guidance, and shared accountability in care models focused on quality and value.
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