Lowenstein Sandler represented Centivo, a pioneering healthcare company dedicated to making high-quality healthcare more affordable for employers and their employees, in securing $75 million in equity and debt financing. The financing includes participation from new strategic investors Cone Health Ventures and MemorialCare Innovation Fund, as well as existing financial investors including B Capital, Cox Enterprises, F-Prime Capital, Ingleside Investors, and Morgan Health (a division of JPMorgan Chase). Debt facilities are provided by Trinity Capital and ongoing banking partner, JPMorgan Chase. This capital will enable Centivo to accelerate its mission of making high-quality healthcare more accessible and affordable to working families.
Centivo is deeply committed to creating a solution that provides every working American with the quality, affordable healthcare they deserve. With this funding, Centivo will enhance and scale its product and technology, and forge new strategic partnerships with health systems to deliver financial savings and improved patient outcomes.
The Lowenstein deal team included Anthony O. Pergola, Theodore C. Sica, Claire Dronzek, Crystal McDonald, Elena Scialabba, Yvette Yun and Chynara Tolubaeva.
