Company Overview
About CareBridge Health
CareBridge Health is a Nashville, TN-based value-based care company founded in 2019 that developed a tech-enabled care management model for high-risk Medicaid and dual-eligible members receiving home and community-based services (HCBS). The company uses a dedicated interdisciplinary care team — including nurses, social workers, and behavioral health clinicians — combined with 24/7 virtual care access, electronic visit verification, and predictive analytics to support individuals with physical and intellectual disabilities living at home and in the community.
Business Model & Competitive Advantage
CareBridge raised $187M in total funding. Its $140M round led by Oak HC/FT in June 2022 brought CareBridge to a $1B+ valuation. Other investors include CVS Health Ventures, GV (Google Ventures), Frist Cressey Ventures, and HLM Investment Partners. In December 2024, Elevance Health (formerly Anthem, NYSE: ELV) acquired CareBridge for $2.7 billion — one of the largest digital health acquisitions of 2024. Elevance Health, a major managed care organization with Medicaid plan operations across multiple states, integrated CareBridge''s care management capabilities to strengthen its managed long-term services and supports (MLTSS) programs.
Competitive Landscape 2025–2026
CareBridge continues to operate under Elevance Health. Its model demonstrated that intensive tech-enabled care management for HCBS members could reduce hospital admissions, improve member satisfaction, and generate positive ROI for managed Medicaid plans — the thesis that drove the $2.7B acquisition valuation.
Key Differentiators
Market Leader
CareBridge Health is recognized as a market leader in the Healthcare sector, demonstrating strong industry presence and customer trust.
Frequently Asked Questions
Estimated Visibility Trend (Beta)
Simulated 8-week rolling score
Based on estimated brand signals. Historical tracking coming soon.
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