Advantia Health nabbed a $45M investment to accelerate its expansion - Technical.ly DC

Growth

Jan. 8, 2020 1:25 pm

Advantia Health nabbed a $45M investment to accelerate its expansion

The Arlington-based healthcare provider will use the funds to acquire more companies, bring on more providers, grow its services and fund its flagship women’s health practice here in D.C.
Some of the Advantia Health team members at Washington Business Journal’s C-Suite Awards gala in December 2019.

Some of the Advantia Health team members at Washington Business Journal's C-Suite Awards gala in December 2019.

(Photo via @AdvantiaHealth on Twitter)

Update: Additional details about Advantia Health have been added. (1/8/20, 4:30 p.m.)

Arlington, Virginia-based healthcare provider Advantia Health landed a $45 million investment from BlueMountain Capital Management.

Founded in 2014, Advantia exclusively focuses on women and maternal health with a tech component allowing its patients to easily access and communicate with their doctors. The company reports providing direct care through more than 200 providers who serve over 430,000 patients across its 60 OB-GYN and coordinated specialist offices. Advantia currently has 40 employees working out of its Arlington office, the company’s founder and CEO Sean Glass told Technical.ly.

“Advantia’s approach not only results in improved health outcomes and quality, but focuses on providing a distinctly better patient experience,” said Advantia Chief Medical Officer Dr. Lisa Shah in a statement. “Our dedicated team of providers is focused on building a differentiated experience for women through listening and providing a comprehensive care plan that’s exactly right for them.”

This investment comes after Advantia made two acquisitions last year. The company acquired Heartland Women’s Healthcare, an OB-GYN practice with 25 locations across Missouri and southern Illinois and health tech company Pacify, which operates a perinatal app offering on-demand, 24/7 support to new mothers. Both are now subsidiary companies under Advantia. Heartland also opened two OB-GYN medical buildings last year, one in Wentzville, Missouri, and another in Shilo, Illinois.

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Advantia plans to use this investment to acquire more companies, bring on more providers, grow its services and to fund its flagship women’s health practice here in D.C. This practice will integrate a portfolio of health services including mental wellness, OB-GYN and primary care for women.

The company’s investment from the New York-based asset manager also launched a strategic partnership between the two. Ameya Agge, managing director at BlueMountain, and Jim Pieri, head of private healthcare at BlueMountain, will join Advantia’s board of directors.

“We are partnering with Advantia because of their focus on integrated, value-based care combined with advanced technological capabilities that will continue to improve healthcare delivery,” Pieri said.

To align with its continued growth, Advantia has various job openings throughout the DMV, including an ultrasound technologist based in Fairfax, Virginia, and a director of finance to work out of its Arlington headquarters.

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