-52%

est. 2Y upside i

HealthcareSeries B

Rank

#689

Sector

Healthcare / Primary Care

Est. Liquidity

~4Y

Data Quality

Data: Medium

Gather Health operates in a high-growth segment of value-based primary care for seniors, demonstrating strong outcomes (53% ER visit reduction) and led by experienced operators.

Last updated: March 10, 2026

Bull (30%)+300%

Gather Health significantly expands its footprint in underserved Medicare Advantage markets, leveraging its integrated care model and strong patient outcomes (e.g., 53% ER visit reduction) to secure larger contracts with MA plans. This leads to a 300% increase in company valuation to $312M, driven by rapid patient growth (e.g., 5x patient base to 25,000+) and strong revenue per patient.

Base (30%)+92%

Gather Health continues to grow steadily within its current markets, reaching approximately 10,000 patients and demonstrating consistent improvements in health outcomes. The company achieves profitability, attracting an acquisition offer from a mid-sized healthcare system or a specialized payer, resulting in a company valuation of $150M.

Bear (40%)-36%

Increased competition from well-funded incumbents and a slowdown in the broader Medicare Advantage market limit Gather Health's growth. The company struggles to scale efficiently, leading to a down round or an acquisition at a reduced valuation of $50M. Given the $52M in liquidation preferences, common stock holders would receive little to no return.

Est. time to liquidity~3.5 years

Preference Stack Risk

severe

Funding Intensity

67%

Investors have put in $52M. At the current $78M valuation, investors would take $52M in a liquidation event, leaving $26M for common shareholders. If the exit is at or below $52M, common shareholders receive nothing.

Dilution Risk

high

As a Series B company with $2M revenue, Gather Health will likely need at least one to two more significant funding rounds (Series C, D) to reach a scale suitable for IPO or a high-value acquisition, leading to further dilution for existing equity holders.

Secondary Liquidity

none

There is no indication of active secondary markets or tender offers for Gather Health's equity.

Other — 2 roles

View all 2 open roles at Gatherhealth →

Last updated: February 22, 2026

Questions to Ask at the Interview

Strategic questions based on Gatherhealth's data — designed to show you've done your homework.

  • 1

    “Given the slowing growth in the overall Medicare Advantage market and the increasing competition from large incumbents like UnitedHealth and CVS Health, how does Gather Health plan to maintain its rapid patient growth and defend its niche in underserved communities?”

  • 2

    “With current revenue at ~$2M and a $78M valuation, what are the key milestones and revenue targets Gather Health aims to achieve in the next 12-24 months to justify its valuation and prepare for future funding rounds?”

  • 3

    “Considering the significant preference stack from prior funding rounds, what is the company's strategy for ensuring meaningful equity upside for common stock holders in potential exit scenarios, and what is the anticipated timeline for a liquidity event?”

Community

Valuation Sentiment

Our model estimates -52% upside. What do you think?

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Disclaimer: This analysis is AI-generated and does not constitute financial or career advice. Always conduct your own due diligence.