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Wednesday, Jun 12, 2024
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Alignment Raises $135M

Orange-based Alignment Healthcare, a provider of Medicare Advantage insurance plans, said it’s raised $135 million from Fidelity Management & Research Co., funds and accounts advised by T. Rowe Price Associates Inc., and Durable Capital Partners LP

The Series C round brings Alignment’s funding to-date to $375 million and will increase the company’s Medicare Advantage footprint, technology investments and plan offerings.

“The growth we’ve since experienced is a testament to the impact our model is having in improving outcomes for seniors every day,” Alignment Healthcare founder and Chief Executive John Kao said in a statement.

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Peter J. Brennan
Peter J. Brennan
Peter J. Brennan has been a journalist for 40 years. He spent a decade in Latin America covering wars, narcotic traffickers, earthquakes, and business. His resume includes 15 years at Bloomberg News where his headlines and articles sometimes moved the market caps of companies he covered by hundreds of millions of dollars. His articles have been published worldwide, including the New York Times and the Washington Post; he's appeared on CNN, CBC, BBC, and Bloomberg TV. He was awarded a Kiplinger Fellowship at The Ohio State University.
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