Devoted Health is the latest startup to show that combining health and AI commands a premium valuation.
Just months after announcing a new round of funding, the Medicare Advantage startup is in talks to raise another round that could value the company at $25 billion, according to sources familiar with the matter.
That’s a jump from the company’s $16 billion valuation in a funding round raised earlier this year, according to sources.
Devoted Health, which is based in Waltham, Massachusetts, was founded in 2017 by brothers and former healthcare executives Ed and Todd Park. The startup combines health insurance and medical care for elderly people…
