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
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Promedica Health System, Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$37.5 K (USD)
in 11 rounds
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Latest Funding Round
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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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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.
- Total Funding Total Funding
- Total Rounds 11
- Last Round Last Round
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First Round
First Round
(07 Jul 2008)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2024 | Amount | Grant - ProMedica | Valuation |
investors |
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| Jun, 2021 | Amount | Grant - ProMedica | Valuation |
investors |
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| Jun, 2020 | Amount | Grant - ProMedica | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Public health and human services are overseen by HHS.
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Founded Year | Domain | Location | |
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Health services and resources are provided by HRSA nationwide.
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Founded Year | Domain | Location | |
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Health-focused dairy and plant-based food products are offered.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by ProMedica
ProMedica has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include HCR ManorCare and QCP. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| 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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2014 | ||||
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Standalone centers for rehabilitation and long-term care are operated.
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1929 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - ProMedica
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Promedica Comparisons
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. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Healthcare services are delivered through integrated hospital networks.
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| domain | founded_year | HQ Location |
Healthcare services are delivered by WellSpan across United States facilities.
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| domain | founded_year | HQ Location |
Health system
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| domain | founded_year | HQ Location |
Multispecialty acute-care services are provided across 22 US states.
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| domain | founded_year | HQ Location |
Diversified healthcare services are operated through hospitals and outpatient centers.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Promedica
Frequently Asked Questions about ProMedica
When was ProMedica founded?
ProMedica was founded in 1986 and raised its 1st funding round 22 years after it was founded.
Where is ProMedica located?
ProMedica is headquartered in Toledo, United States. It is registered at Toledo, Ohio, United States.
Who is the current CEO of ProMedica?
Randy Oostra is the current CEO of ProMedica.
Is ProMedica a funded company?
ProMedica is a funded company, having raised a total of $37.5K across 11 funding rounds to date. The company's 1st funding round was a Grant of $1M, raised on Jul 07, 2008.
How many employees does ProMedica have?
As of Dec 31, 2022, the latest employee count at ProMedica is 16,861.
What does ProMedica do?
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.
Who are the top competitors of ProMedica?
ProMedica's top competitors include Intermountain Healthcare, WellSpan and Mount Sinai.
How many acquisitions has ProMedica made?
ProMedica has made 2 acquisitions, including HCR ManorCare, and QCP.
Who are ProMedica's investors?
ProMedica has 3 investors. Key investors include Danone, HHS, and Health Resources and Services Administration.
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