Advantia Health receives $45M investment

Arlington-based Advantia Health, which facilitates women’s health care services via its online platform, announced Friday that it received a $45 million investment from New York City-based investment management company BlueMountain Capital Management.

Advantia connects customers to OB-GYN, primary care, mental wellness and specialist care providers. The company will use the investment to hire more providers, introduce more women-focused specialties and create more technology offerings.

“We started Advantia with one goal in mind – to transform health care for all women, creating a better experience from the ground up,” Advantia Founder and CEO Sean Glass said in a statement. “We are excited to partner with BlueMountain on our largest investment to date to accelerate our growth, allowing us to provide a higher standard of coordinated, convenient care to thousands more women.”

Jim Pieri, the head of private healthcare at BlueMountain, and Ameya Agge, managing director at BlueMountain, will join Advantia’s board of directors.

In 2019, Advantia acquired Marion, Illinois-based Heartland Women’s Healthcare and Washington, D.C.-based telehealth app company Pacify.

Advantia Health was founded in 2014 and employs approximately 50 people. Through its online platform, the company provides direct care through more than 200 providers in 60 locations. It serves more than 430,000 patients at its OB-GYN and specialist offices.