Devoted Health secures $1.2 billion in new funding to fuel senior member growth

Devoted Health, a Medicare Advantage insurer and medical group, announced a fresh capital injection of nearly $1.2 billion.

The financing round includes a $555 million Series G investment along with additional contributions from existing and new investors.

The company said the new funds will support its rapid expansion after enrolling hundreds of thousands of senior members this year.

The sizable raise highlights strong investor confidence in Devoted Health’s health‑tech approach to serving Medicare beneficiaries.