Pediatrica Health Group has raised $28 million in a Series B round led by healthcare-focused growth equity firm Valspring Capital, with existing investor M33 Growth also participating, the Coral Gables-based company announced Tuesday.
The funding will be used to expand the fast-growing company’s pediatric primary care network through new clinic openings and acquisitions, particularly in Florida and Texas, while also supporting investments in technology, clinical operations and value-based care initiatives.
Pediatrica already operates 21 pediatric primary care locations across Florida and Texas, serving patients from birth through age 18. The company said it plans to use the new capital to strengthen its clinical and operational infrastructure and improve access to pediatric healthcare in underserved communities.
“This investment reflects the momentum we have built and the confidence our partners have in our ability to reimagine, improve and expand equitable access to pediatric primary care,” Chief Executive Officer Roberto Palenzuela said in a statement.
Palenzuela added that the financing will help the company increase the number of locations and providers while expanding resources available to patients and their families. “The work Pediatrica is doing today is laying the foundation for a healthier next generation… This investment accelerates continued, impactful change.”
The investment was led by Boston-based Valspring Capital, a growth equity firm established in 2022 by members of the former healthcare investment team at Bain Capital Ventures. The firm invests in growth-stage healthcare companies specializing in technology, technology-enabled services and healthcare services.
“Pediatrica reflects our thesis that lasting change in healthcare is driven by companies that innovate on the patient and provider experience to deliver better outcomes,” Valspring Managing Partner Yumin Choi said in a statement.
M33 Growth, also based in Boston, partnered with Pediatrica during its early development and remains an investor. “From day one, we believed in Roberto’s vision for a better pediatric care experience,” M33 Growth founder Gabe Ling said. “The growth Pediatrica has achieved is a testament to that vision and to the team’s execution.”
Founded through its partnership with M33 Growth in 2024, Pediatrica has expanded its footprint across Florida and Texas by supporting pediatric physicians with centralized operational resources and technology while maintaining community-based practices. Pediatrica is part of the growing medical technology community in South Florida, the second largest sector behind fintech for venture capital.
The new financing comes as investors continue to back healthcare providers focused on value-based care models, which emphasize preventive care, improved patient outcomes and more efficient delivery of services. Technology-enabled physician groups have attracted increasing private equity and venture investment as providers seek to expand access while managing healthcare costs.
The Series B financing is expected to provide capital for Pediatrica’s next phase of growth as it seeks to expand its presence in pediatric primary care and strengthen its value-based care platform.
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