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Gather Health, a primary care company headed by a former VillageMD executive, has raised $16.3 million in fresh funds, according to a recent securities filing.
Brent AsplinA spokesperson for the company declined to comment on the size of the raise, which is still in progress and is expected to close in the coming months. The spokesperson said the round will accelerate Gather’s growth in the Boston market and help it open three new health centers over the summer. It currently has one health center located in Quincy, MA.
Gather provides primary care for seniors enrolled in Medicare and its private alternative, Medicare Advantage. The company says it provides “social primary care,” which focuses on addressing seniors’ loneliness and isolation and building community. In addition to providing care in clinics, Gather extends care into patients’ homes virtually and with emergency medical technicians.
It’s led by CEO Brent Asplin, the former chief operating officer of primary care operator VillageMD and president of its medical group, Village Medical. Pharmacy chain Walgreens owns a majority stake in VillageMD.
The startup’s new funding comes a little more than a year after Gather raised $15 million in a Series A round backed by Khosla Ventures, Maverick Ventures and Commonwealth Care Alliance. The new securities filing says four investors have participated in the round so far but doesn’t name them. The spokesperson declined to disclose the investors.