Aver, Inc. announced on May 7 a new investment of over $58 million led by Cox Enterprises and the introduction of its new name, Enlace Health. The funding is intended to accelerate the scale and deployment of the Enlace Health brand as part of the company’s efforts to reshape healthcare delivery models.
The announcement highlights the company’s goal to provide an end-to-end solution that supports all participants in healthcare through a more organized infrastructure. This move comes as part of a broader strategy to address inefficiencies in healthcare systems and promote value-based care.
Bill Nordmark, CEO of Enlace Health, said, “This new investment is a great moment for our company and signals the aggressive expansion of our mission: ‘the evolution of healthcare from its chaotic environment to an orderly infrastructure that enables true, quality-driven healthcare to be paid for and consumed economically and efficiently for all participants.’ Aver provided the strong foundation that powered the company’s evolution. Our accomplishments reinforce our industry leading customer partnerships, talent of our team, and the market’s connection to our vision for a completely different healthcare world that delivers quality and cost, at levels often believed were unattainable. Our new brand, Enlace Health, embodies our strong history while embracing the innovation needed to change healthcare.”
According to Tim Howe, AVP of strategy and corporate development for Cox Enterprises: “The launch of an impactful healthcare solution empowering quality, cost, and access aligns perfectly with our mission to improve the healthcare journey. We are excited to combine the strengths of our healthcare group with the vision of Enlace Health.”
Enlace Health says its solution operates in conjunction with existing systems without disruption while supporting various models from retrospective programs through complete-risk programs. The company states it will use this rebranding as a foundation for further growth opportunities.
Cox Enterprises has invested in several patient-centric health companies focused on improving consumer experience and outcomes. The collaboration aims at leveraging both organizations’ strengths toward sustainable transformation within health care.
