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Corporation
hertiageprovidernetwork.com

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Investments

11

Portfolio Exits

2

Partners & Customers

4

About Heritage Provider Network

Heritage Provider Network (HPN) is a limited Knox-Keene licensed organization in California that provides affordable quality care to its members. Through innovative programs and services designed specifically for the managed care environment, HPN and its medical groups have been successful in delivering the goals it set out to achieve while establishing long-standing, favorable provider relationships.

Heritage Provider Network Headquarters Location

8510 Balboa Boulevard Suite 285

Northridge, California, 91325,

United States

714-908-5608

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Latest Heritage Provider Network News

Alignment Healthcare Adds Arizona Priority Care to Provider Network

Sep 16, 2021

Orange, California, UNITED STATES ORANGE, Calif., Sept. 16, 2021 (GLOBE NEWSWIRE) -- Medicare Advantage company Alignment Healthcare (NASDAQ: ALHC) today announced the addition of Arizona Priority Care, a network of community physicians affiliated with the Heritage Provider Network, to its Medicare Advantage partner network in Arizona, starting Jan. 1, 2022. Pending regulatory approval, this agreement provides nearly 1 million Medicare-eligible beneficiaries residing in Maricopa and Pima counties1 access to 450 primary care physicians and 1,200 specialists affiliated with Arizona Priority Care when Alignment debuts its plans in the state in 2022. “We chose Arizona Priority Care because of its focus on quality and coordinated, affordable care,” said John Kao, founder and CEO, Alignment Healthcare. “The valuable partnerships we’re forging with key regional providers will be a catalyst in delivering the best possible care to the seniors of Arizona as we prepare to launch our plans in the state next year.” Arizona Priority Care has a long history of working with health plans to deliver high-quality, coordinated patient care in communities across the state. Medicare beneficiaries who enroll with Alignment Health Plan during Medicare’s annual enrollment period Oct. 15 through Dec. 7 will also have access to popular Alignment benefits such as grocery allowances, free non-emergency medical transportation and companion care, in addition to the company’s 24/7 ACCESS On-Demand Concierge service. “Since our founding, Arizona Priority Care has cultivated a network of physicians who work together to provide caring and coordinated health care,” said Terry Smith, chief operating officer, Arizona Priority Care. “We are happy to serve Medicare beneficiaries enrolled with Alignment Health Plan in this area by providing the care they expect and deserve.” For more information, visit www.alignmenthealthcare.com . About Alignment Healthcare Alignment Healthcare is a consumer-centric platform delivering customized health care in the United States to seniors and those who need it most, the chronically ill and frail, through its Medicare Advantage plans. Alignment Healthcare provides partners and patients with customized care and service where they need it and when they need it, including clinical coordination, risk management and technology facilitation. Alignment Healthcare offers health plan options through Alignment Health Plan and also partners with select health plans to help deliver better benefits at lower costs. Media Contact

Heritage Provider Network Investments

11 Investments

Heritage Provider Network has made 11 investments. Their latest investment was in Celsius Therapeutics as part of their Series B on March 3, 2022.

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Heritage Provider Network Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

3/24/2022

Series B

Celsius Therapeutics

$83M

No

7

8/2/2021

Series C

Intervenn Biosciences

$201M

Yes

16

2/24/2020

Series C

RubiconMD

$18M

Yes

3

11/16/2018

Series A

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$99M

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10

9/26/2018

Series A

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$99M

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10

Date

3/24/2022

8/2/2021

2/24/2020

11/16/2018

9/26/2018

Round

Series B

Series C

Series C

Series A

Series A

Company

Celsius Therapeutics

Intervenn Biosciences

RubiconMD

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Amount

$83M

$201M

$18M

$99M

$99M

New?

No

Yes

Yes

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Co-Investors

Sources

7

16

3

10

10

Heritage Provider Network Portfolio Exits

2 Portfolio Exits

Heritage Provider Network has 2 portfolio exits. Their latest portfolio exit was RubiconMD on October 21, 2021.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

10/21/2021

Acquired

$99M

5

12/12/2019

IPO

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$99M

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10

Date

10/21/2021

12/12/2019

Exit

Acquired

IPO

Companies

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Valuation

$99M

$99M

Acquirer

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Sources

5

10

Heritage Provider Network Partners & Customers

4 Partners and customers

Heritage Provider Network has 4 strategic partners and customers. Heritage Provider Network recently partnered with Humana on October 10, 2018.

Date

Type

Business Partner

Country

News Snippet

Sources

10/3/2018

Partner

United States

Humana and Heritage Provider Network Team up to Offer a Better Patient Experience for Humana Medicare Advantage Members in California

Heritage Provider Network , Inc. brings a 40-year successful track record of coordinated , managed care -- a proven clinical and business model to improve healthcare outcomes -- to its relationship with Humana Inc. .

2

4/26/2017

Partner

United States

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10

1/13/2015

Partner

United States

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10

6/18/2014

Partner

United States

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10

Date

10/3/2018

4/26/2017

1/13/2015

6/18/2014

Type

Partner

Partner

Partner

Partner

Business Partner

Country

United States

United States

United States

United States

News Snippet

Humana and Heritage Provider Network Team up to Offer a Better Patient Experience for Humana Medicare Advantage Members in California

Heritage Provider Network , Inc. brings a 40-year successful track record of coordinated , managed care -- a proven clinical and business model to improve healthcare outcomes -- to its relationship with Humana Inc. .

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Sources

2

10

10

10

Heritage Provider Network Team

2 Team Members

Heritage Provider Network has 2 team members, including current Chief Operating Officer, Richard Lipeles.

Name

Work History

Title

Status

Richard Lipeles

Chief Operating Officer

Current

Bradford Hively

Senior Vice President

Former

Name

Richard Lipeles

Bradford Hively

Work History

Title

Chief Operating Officer

Senior Vice President

Status

Current

Former

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