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Ropes & Gray Advises Iora Health on its Series F Funding Round

Practices: Private Equity

Ropes & Gray advised Iora Health, an innovative primary care provider network, on an investment of $126 million as part of its Series F funding round. India-based Premji Invest, the investment group of Wipro Ltd. chairman Azim Premji, led the funding round and was joined by existing investors Cox Enterprises, Temasek, F-Prime Capital, Devonshire Investors, .406 Ventures, Flare Capital Partners, Polaris Partners, and Khosla Ventures.

The transaction was announced on February 10. The press release is here.

Iora Health has 48 practices across the U.S. serving thousands of Medicare beneficiaries. The Series F funding will be used to accelerate growth and optimize Iora Health’s care model.

The Ropes & Gray team that advised Iora Health was led by private equity partner Daniel Evans (New York) and included private equity associates Marc Migliazzo and Catherine Simes (both of Boston).

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