July 22, 2025

Columbia, MD – AbsoluteCare, a leader in value-based integrated health care, has secured $135 million in equity financing from four investors: Kinderhook Industries, CVS Health Ventures, Pacific Life, and Lexington Partners. This funding bolsters AbsoluteCare’s ability to optimize operations and expand into new markets and serve new member populations.

“AbsoluteCare is setting a new standard for value-based care, delivering comprehensive health care to high-acuity Medicaid and Medicare members,” said Chris Michalik, Managing Director at Kinderhook. “We are thrilled with the company’s success and recent expansion, and we look forward to supporting AbsoluteCare as it continues to scale its proven care model and improve patient lives across the country.”

AbsoluteCare’s Beyond Medicine™ model is designed to improve health outcomes for complex Medicaid and Medicare members through a whole-person approach that includes intense social determinants of health support, behavioral health care, primary and urgent care, and integrated pharmacy.

Vijay Patel, Vice President and Managing Partner at CVS Health Ventures highlighted AbsoluteCare’s impact, saying, “AbsoluteCare is delivering a unique, concierge-level of care to individuals who need it most, within their own community. Supporting the enhancement and expansion of this innovative care model aligns with our commitment to improve health outcomes for vulnerable populations.”

With 25 years of experience serving marginalized populations and deep expertise in value-based care, AbsoluteCare is committed to improving quality outcomes by increasing interactions with primary care providers while reducing avoidable utilization and costs. Results include a 34% reduction in emergency department (ED) visits and a 20-30% decrease in total cost of care, along with 75-80% member engagement.¹ This is for a member population that averages 13 diagnoses, 10+ medications and of which 60% have a behavioral health or substance use diagnosis.

“This investment reflects deep confidence in AbsoluteCare’s concierge, PCP-led care model and strengthens our ability to deliver outstanding health outcomes for our members and payer partners,” said Mike Radu, CEO of AbsoluteCare. “Due to its complexity, value-based care in Medicaid is rare at scale, but we are unwavering in our commitment to expanding our reach and deepening our presence in new communities. Our partners are seeing the results of that dedication with enhanced quality and demonstrated cost savings.”

AbsoluteCare offers services within comprehensive care centers set in urban communities, near their member populations, and extends care into the community by rounding in hospitals and facilities and visiting members in their homes.

¹ Data Source: AbsoluteCare internal data (2025), Average annual performance across all members after year one.

For additional information about this transaction, please contact: 
Christian Michalik
Managing Director
(212) 201-6782
[email protected]
 
Michael Zoch
Managing Director
(212) 201-6785
[email protected]
 
Carney Mahon
Vice President
646-775-9988
[email protected]