Devoted Health is raising a new round of funding at a $25 billion valuation

Devoted Health, a healthcare startup focused on Medicare Advantage, is in talks to raise a new funding round that could value the company at $25 billion. This follows a previous round earlier this year that valued the company at $16 billion. Founded in 2017 by brothers Ed and Todd Park, the company combines health insurance and medical care for elderly enrollees and utilizes a proprietary AI tool. The potential valuation increase reflects the premium investors are placing on health-tech startups.

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