Arbital Well being completes buy of Santa Barbara Actuaries
US-based know-how startup Arbital Well being has accomplished its acquisition of Santa Barbara Actuaries (SBA), an actuarial and healthcare consulting agency.
This transfer is complemented by a $10 million Sequence A financing spherical led by Transformation Capital, with participation from Shaper Capital and Wholesome Ventures, together with particular person knowledge and healthcare consultants.
SBA makes a speciality of designing and measuring value-based applications and can add sources to Arbital Well being, together with an actuarial staff and established purchasers within the value-based healthcare panorama.
Arbital Well being plans to leverage know-how to assist corporations design and consider outcomes-based contracts whereas serving as an neutral third celebration.
The preliminary product providing contains worth assessments for healthcare suppliers, actuarial advisory companies and worth analyzes for payers, together with employers and well being plans.
The corporate's management staff and advisory board embody former FDA and VA leaders, healthcare consultants and value-based care specialists.
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The latest funding is anticipated to assist Arbital Well being because it continues to develop its know-how and broaden its companies.
Drs. Ian Duncan and Scott Rosen will serve on Arbitral Well being's board of administrators, with Dr. Ian Duncan may even tackle the position of chief actuary for the corporate.
The corporate goals to develop into a impartial evaluator for outcomes-based contracts, supporting the healthcare trade's transition to value-based care.
“We’re very excited to welcome the Santa Barbara Actuaries staff to Arbital Well being,” mentioned Brian M. Overstreet, president and CEO of Arbital Well being.
“SBA has established itself as a number one supplier of options for the whole value-based healthcare ecosystem.
“Their stellar popularity for unbiased evaluation, statistical accuracy and best-in-class companies and options are a key factor in our mission to develop into the impartial, third-party instrument for designing, measuring and assessing outcomes-based contracts in America's healthcare system.”
Overstreet added: “I’m additionally happy to welcome Transformation Capital as a lead investor in our $10 million Sequence A financing.
“Fixing the misalignment of incentives in healthcare is without doubt one of the most vital challenges of our time, and we’re happy to have assembled an unbelievable group of traders, advisors and staff for the journey forward.”
