Evergreen Nephrology Secures $130 Million Investment
Deal News | Jan 09, 2025 | Ropes & Gray
In a recent funding round, Evergreen Nephrology, a company focused on value-based kidney care, secured $130 million with investment led by Rubicon Founders, Oak HC/FT, K2 HealthVentures, and other existing investors. The fundraising was facilitated by the law firm Ropes & Gray, with significant contributions from finance and healthcare legal specialists. Evergreen Nephrology collaborates with nephrologists and payors to enhance the treatment of chronic and end-stage kidney disease. With operations in 24 states and a provider network exceeding 900, the company emphasizes personalized care to improve patient outcomes.
Sectors
- Healthcare
- Finance
Geography
- United States – Evergreen Nephrology operates across 24 states in the United States, indicating the geographical scope of its operations.
Industry
- Healthcare – The article pertains to Evergreen Nephrology, a company that operates in the healthcare sector, specifically providing kidney care services.
- Finance – The article involves a significant financial transaction for fundraising and investment, with legal advisory from a finance partner.
Financials
- $130 Million – The total amount raised by Evergreen Nephrology in their recent funding round.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Evergreen Nephrology | Target Company | Company | A healthcare company focusing on value-based kidney care, operating a network of over 900 providers across 24 states. |
| Ropes & Gray | Legal Advisor | Company | A prominent law firm that advised Evergreen Nephrology in the fundraising transaction. |
| Rubicon Founders | Lead Investor | Company | One of the lead investors in Evergreen Nephrology’s $130 million fundraising. |
| Oak HC/FT | Investor | Company | A private equity firm that participated in the investment round for Evergreen Nephrology. |
| K2 HealthVentures | Investor | Company | An investor participating in the funding round for Evergreen Nephrology. |
| Greg Bauer | Finance Partner | Person | Finance partner at Ropes & Gray leading the advisory in the transaction. |
| Brad Flint | Venture Capital & Emerging Companies Partner | Person | Venture capital & emerging companies partner at Ropes & Gray involved in the funding process. |
| Pascal Mayer | Executive Compensation & Employee Benefits Partner | Person | Partner at Ropes & Gray specializing in executive compensation & employee benefits. |
| Pam Glazier | Tax Partner | Person | Tax partner at Ropes & Gray involved in the transaction. |
| Tristan Evans-Wilent | Tax Partner | Person | Tax partner at Ropes & Gray contributing to the fundraising deal. |
| Devin Cohen | Healthcare Partner | Person | Healthcare partner at Ropes & Gray who played a role in the fundraising transaction for Evergreen Nephrology. |