About ProMedica
ProMedica is a company based in Toledo (United States) founded in 1986 was acquired by Danone in March 2023. ProMedica has raised $37.5 thousand across 11 funding rounds from investors including Danone, HHS and Health Resources and Services Administration. The company has 16,861 employees as of December 31, 2022. ProMedica has completed 2 acquisitions, including HCR ManorCare and QCP. ProMedica operates in a competitive market with competitors including Intermountain Healthcare, WellSpan, NYU Langone, Community Health Systems and Tenet Healthcare, among others.
- Headquarter Toledo, United States
- Employees 16861 as on 31 Dec, 2022
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Sectors
Healthcare
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Email
Locked
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Phone
Locked
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Website
Locked
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Social
Locked
- Legal Name Promedica Health System, Inc.
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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Total Equity Funding
$37.5 K (USD)
in 11 rounds
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Latest Funding Round
Not available
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Investors
Danone
& 2 more
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Employee Count
16861
as on Dec 31, 2022
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Investments & Acquisitions
HCR ManorCare
& 1 more
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Acquired by
Danone
(Mar 31, 2023)
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People of ProMedica
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Software Development Team
34 people
Leadership Team
22 people
Human Resources and Administration
12 people
Finance and Accounting
11 people
Operations Team
10 people
Legal and Compliance
8 people
Sales and Marketing
7 people
Data Analysis and Operations Team
3 people
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Funding Insights of ProMedica
ProMedica has successfully raised a total of $37.5K across 11 strategic funding rounds. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in ProMedica
ProMedica has secured backing from 3 investors, including institutional investors. Prominent investors backing the company include Danone, HHS and Health Resources and Services Administration.
| Investor | Description | Founded Year | Domain | Location |
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Public health and human services are overseen by HHS.
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Health services and resources are provided by HRSA nationwide.
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Health-focused dairy and plant-based food products are offered.
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Investor details for ProMedica
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Investments & Acquisitions by ProMedica
ProMedica has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include HCR ManorCare and QCP.
Investment portfolio details for ProMedica
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- Transaction dates
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| Company Name | Description | Domain | Location | Founded Year | Amount |
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Polypropylene and polyethylene grades and compounds are provided by QCP.
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Locked | Locked | 2014 | Locked | |
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Standalone centers for rehabilitation and long-term care are operated.
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Locked | Locked | 1929 | Locked |
Complete acquisition details for ProMedica
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- Domains and locations
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Financial Statements - ProMedica
Detailed financials for ProMedica
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- Profit trends
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Promedica Comparisons
Peer comparison for ProMedica
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Competitors of ProMedica
ProMedica operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Intermountain Healthcare, WellSpan, NYU Langone, Community Health Systems and Tenet Healthcare, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Healthcare services are delivered through integrated hospital networks.
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Healthcare services are delivered by WellSpan across United States facilities.
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Health system
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Multispecialty acute-care services are provided across 22 US states.
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Diversified healthcare services are operated through hospitals and outpatient centers.
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Detailed competitors of ProMedica
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Latest news on Promedica
Complete news archive for ProMedica
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Frequently Asked Questions about ProMedica
ProMedica was founded in 1986 and raised its 1st funding round 22 years after it was founded.
ProMedica is headquartered in Toledo, United States. It is registered at Toledo, Ohio, United States.
Randy Oostra is the current CEO of ProMedica.
ProMedica is a funded company, having raised a total of $37.5K across 11 funding rounds to date.
As of Dec 31, 2022, the latest employee count at ProMedica is 16,861.
ProMedica was established in 1986 as a health system headquartered in Toledo, United States. Operations are centered on providing medical care, including hospitals and senior living facilities, within the healthcare sector. Services encompass acute care, rehabilitation, and community health programs across Ohio and Michigan. Leadership is provided by CEO and President Randy Oostra, with focus maintained on regional patient needs and integrated health delivery.
ProMedica's top competitors include Intermountain Healthcare, WellSpan and Mount Sinai.
ProMedica has made 2 acquisitions, including HCR ManorCare, and QCP.
ProMedica has 3 investors. Key investors include Danone, HHS, and Health Resources and Services Administration.