Medical expenses

Health-Care Startup Aledade Valued at $3.5 Billion After Fundraise

Aledade, a company that helps US doctors adapt their practices to new payment arrangements aimed at improving care and cutting costs, raised $260 million in venture capital to expand its network.

The deal values the company at $3.5 billion, according to people familiar with the situation, with investors buying in on similar terms to the company’s most recent funding round last year. The investment led by Lightspeed Venture Partners along with Venrock, Avidity Partners, OMERS Growth Equity and Fidelity Management & Research Co. brings Aledade’s total fundraising to $660 million.

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