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Illustration: Aïda Amer/Axios

Virginia-based AllyAlign Health, a Medicare Advantage insurance company focused on senior housing, just raised a nearly $300 million funding round led by New Enterprise Associates.

Why it matters: It's the latest example of investor interest in the Medicare population, and more specifically, in Medicare Advantage.

NEA officials said they were interested in targeting the quality of care coordination in senior living facilities using value-based care and tech-enabled tools seen in other care models.

  • "This is addressing a massive gap in care that the pandemic has exposed," Mohamad Makhzoumi, head of NEA's Global Healthcare Investing practice told Axios.

AllyAlign is still a relatively small company operating in 22 states with 24 Medicare Advantage Organizations and about 12,000 members.

  • The growth round included participation from Oak HC/FT, Town Hall Ventures, and existing investors Heritage Group and Ziegler.
  • Mark Price — formerly president of the Nevada region for Intermountain Healthcare, with previous senior leadership roles at DaVita, ChenMed, and Bain and Co. — was named CEO.

Go deeper

Sep 9, 2021 - Health

HCA isn't requiring COVID-19 vaccines

An HCA hospital in Denver. Photo: Matthew Staver/Bloomberg via Getty Images

HCA Healthcare is not yet mandating the COVID-19 vaccine for its doctors, nurses and other staff, CFO Bill Rutherford said during the Morgan Stanley health care conference Thursday.

Why it matters: HCA is one of the largest health systems in the country with 275,000 employees and 187 hospitals, many of which are in coronavirus hot spots. Health care trade groups have urged health care employers to mandate the vaccines due to the spread of the Delta variant.

House passes $768 billion defense spending bill

Photo: Andrew Harrer/Bloomberg via Getty Images

The House approved a $768 billion National Defense Authorization Act (NDAA) for the 2022 fiscal year in a bipartisan 316-113 vote on Thursday.

Why it matters: The annual bill, which authorizes Pentagon spending levels and guides policy for the department, would require women to register for the military draft, among other provisions.

5 hours ago - Politics & Policy

Republicans’ secret lobbying

Illustration: Shoshana Gordon/Axios

The five Senate Republicans who helped negotiate and draft the $1.2 trillion bipartisan infrastructure bill have been privately courting their Republican colleagues to pass the measure in the House.

Why it matters: House GOP leaders are actively urging their members to oppose the bill. The senators are working to undercut that effort as Monday shapes up as a do-or-die moment for the bipartisan bill.