Alignment Healthcare raised $135m in Series C funding round.

Alignment Healthcare, a mission-based Medicare Advantage insurance company, raised $135m in a Series C funding round led by Fidelity Management & Research Company, T. Rowe Price and Durable Capital Partners. "Caring for our nation’s seniors has been Alignment’s mission since our founding seven years ago when we launched a new model designed to reduce waste in the system by coordinating quality care around the patient, no matter where they are. The growth we’ve since experienced is a testament to the impact our model is having in improving outcomes for seniors every day, and we look forward to continuing to advance and transform the health care experience," John Kao, Alignment Healthcare founder and CEO.