.
MergerLinks Header Logo

New Deal


Announced

Completed

Deerfield Management and Optum Ventures led a $75m round in Cortica.

Financials

Edit Data
Transaction Value£60m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

Edit

United States

autism services

Health Care Services

Acquisition

Domestic

Private

Minority

Private Equity

Venture Capital

Completed

Friendly

Single Bidder

Synopsis

Edit

Deerfield Management and Optum Ventures, two investors, led a $75m round in Cortica, a physician-led autism services company, with participation from RA Capital Management, Echo Health Ventures, Longitude Capital, .406 Ventures, Questa Capital, Ajax Health, Aperture Venture Partners, and Autism Impact Fund. "We've been very impressed with Springtide's product and clinical quality. Our combination brings together two leaders in whole-child autism care and enables us to extend Cortica's medical model to Springtide's centers. We've also long admired the Melmed Center's research and clinical capabilities and are thrilled to welcome them into Cortica as our platform for growth in Arizona. We're honored to have Deerfield, Optum, RA, and Echo join our investor syndicate, which now includes five of the country's leading health plans. This represents an important validation of our clinical outcomes, payer cost savings, and custom technology platform Axon," Neil Hattangadi, Cortica Co-Founder and CEO.

Search a database of more than 250,000 verified dealmakers

Receive automated updates on global transactions

Follow the activity, relationships and transactions of top dealmakers

No credit card required

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US