Crossover Health, a healthcare provider to self-insured employers and health plans, said today it raised $168 million in a Series D round of financing for continued expansion plans.
The investment for the San Clemente-based company was led by Deerfield Management Company of New York. Additional participants included Perceptive Advisors, OrbiMed Advisors, Foresite Capital, Avidity Partners, SharesPost100 Fund, Irving Investors, and PFM Health Sciences.
"Today's financing signifies confidence in our vision and ability to address the evolving healthcare needs of self-insured employers and traditional payers who are looking for more care delivery accountability that achieves lower cost, higher quality, and a consistently exceptional experience for their employees and members," Chief Executive Scott Shreeve said in a statement.
Crossover Health, founded in 2010, serves more than 400,000 employees and has 43 health centers in 11 states.