UpStream, a Greensboro, NC-based primary care services and technology company, raised $140M in Series B funding.
The round, which brought total funding to nearly $185M to date, was led by Coatue and Dragoneer with participation from Avidity Partners, Define Ventures and Mubadala.
The company intends to use the funds to scale its model to physicians nationwide.
Led by CEO Dr. Sanjay Doddamani, UpStream provides a platform that allows physicians, pharmacists and nurses to work together in primary care practices. It works by embedding pharmacists and other clinical staff into primary care physician practices and supports physicians with proprietary technology that anticipates patient needs, supports patient care, improves quality, and helps coordinate care for seniors with chronic conditions.
More than 2,900 physicians providing care to 175,000 senior patients now leverage the platform to ensure patient outcomes and improve their financial performance. UpStream has expanded rapidly, partnering with physician groups in multiple states like North Carolina, Virginia, and South Carolina. For 2023, the company already announced new network relationships with Community Care Physician Network in North Carolina, Tidewater Medical Group in Virginia, and Medical University of South Carolina Health Alliance, and independent physician association Primary Care Associates in South Carolina.
FinSMEs
02/12/2022