MedCity News July 20, 2022
Centivo Health is a health plan that only sells to self-funded employers. Morgan Health chose to invest in the company because of its focus on providing low-cost coverage.
Morgan Health, a JPMorgan Chase business unit, has made a $30 million investment in Centivo, a health plan for self-funded employers, as part of an extended Series B-1 financing.
With this investment, announced Tuesday, Buffalo, N.Y.-based Centivo has raised $148 million in total. The company has 11 other investors, including B Capital Group, Bain Capital Ventures and Bessemer Venture Partners.
Stuart Roth, Centivo’s chief business officer and co-founder, said Centivo will use Morgan Health’s money to improve its product, expand its presence in its current markets, expand into new markets, and develop...