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New Deal


Announced

Completed

Wells Fargo Strategic Capital led a $105m Series B round in ConcertoCare.

Financials

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Transaction Value£77m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Private

Single Bidder

Completed

senior care

Friendly

Acquisition

Private Equity

United States

Health Care Services

Domestic

Minority

Venture Capital

Synopsis

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Wells Fargo Strategic Capital led a $105m Series B round in ConcertoCare, a tech-enabled, value-based care provider of at-home, comprehensive care for seniors and other adults with unmet health and social needs, with participation from Obvious Ventures, Vast Ventures, The Schusterman Family Foundation, SteelSky Ventures, Pennington Partners, and returning investor Deerfield Management. “Wells Fargo Strategic Capital is pleased to lead this financing round and enable ConcertoCare to meet the increasing need for primary and complex care delivered to the home. ConcertoCare incorporates the medical, behavioral, and social determinants of health into a model that helps improve outcomes across care quality, patient experience, and cost," Rodney Altman, Wells Fargo Strategic Capital Managing Director.

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