NewSpring Healthcare has led a $140 million capital raise for Honest Health, according to a news release.
Honest Health, formed in 2021 and based in Nashville, partners with health systems to support value-based care models, particularly for Medicare patients.
NewSpring Healthcare is a sector-focused strategy of NewSpring Capital. NewSpring, founded in 1999 and based in Radnor, Pennsylvania, is a private investment firm that invests in the lower-middle market. The firm invests in several industries, including healthcare. NewSpring Healthcare targets healthcare companies across the healthcare services, specialty pharmaceutical and medical technology sectors.
The capital raise was supported by K2 HealthVentures and Honest Health’s existing investors and institutional partners.