What You Should Know:
– Medicare Advantage provider Zing Health raises $25M from Town Hall Ventures and Leavitt Equity Partners, two leading investors focused on growing innovative healthcare businesses.
Zing Health Holdings, a Chicago-based physician-led Medicare Advantage insurance company focused on serving vulnerable populations underserved by traditional insurance models, today announced that Town Hall Ventures and Leavitt Equity Partners, two leading investors focused on growing innovative healthcare businesses, have made a substantial $25M minority investment in the company. The new investors join Newlight Partners and Health2047 in continuing to advance Zing Health’s mission to provide leading Medicare Advantage products to older Americans.
Spun out of the American Medical Association’s Health2047 innovation lab in 2019, Zing Health’s community-based approach addresses social determinants of health to keep individuals and communities healthy and returns the physician and the member to the center of the healthcare equation. This gives each member personalized care and service tailored to their singular needs. Members also receive individualized assistance to make their transition to Zing Health as easy as possible. They can create personalized plans, access facilities designed to help them better meet their healthcare needs, and work with a dedicated care team.
Zing Health intends to use the proceeds from the $25M investment to accelerate its growth and develop new business partnerships that align with its health equity mission. The new investors join Newlight Partners and Health2047 in continuing to advance Zing Health’s mission to provide leading Medicare Advantage products to older Americans. Through comprehensive supplemental benefits and an emphasis on access to care, Zing Health’s plans extend meaningful access to patient-centered and technology-enabled care for seniors.