The problem
Seniors struggle to navigate a confusing, impersonal Medicare system and get coordinated care they can trust
What they do
Medicare Advantage health plans with in-house virtual and in-home care and member guides
Traction Members 212K (Dec 2025) to 538K (Sep 2026), +154%; profitable at parent level (reported)
Hiring trend
- Open roles
- 70
- Ops roles
- 4
- Headcount
- ~2,400-2,600
Headcount ~2,330 (Q3 2025 trough after May 2025 layoff) to ~2,560 Q1 2026 (Revelio); 76 open roles, new postings ~61/mo in 2026 vs ~35/mo in 2025
Glassdoor
3.8 ★ 546 reviews ↗Funding
- Last round
- $555M primary ($1.18B incl. $622M tender)
- Stage
- Series G
- Date
- Oct 2026
Led by Advent (lead), Temasek (co-lead); with GIC, Franklin Templeton, Andreessen Horowitz
- Hiring+270 open roles on the live job board (30+ roles = +2)
- Funding recency+2Series G · $555M primary ($1.18B incl. $622M tender), Oct 2026 (this month): 6 months or less = +1.5, $100M+ round +0.5
- Traction+1.5Strong growth: Members 212K (Dec 2025) to 538K (Sep 2026), +154%; profitable at parent level (reported)
- Red flags−11 significant flag in the last 24 months, −1 eachMay 2025 layoff of ~120 staff (~5% of 2,460); 2025 revenue and membership fell for the first time (reversed in 2026). Minor: CMS civil money penalty ($18,668, May 2026) for charging members above out-of-pocket limits; Kettering Health (Ohio) dropped Devoted's network contract over denials/payments (Sep 2025). Named in the 2021 Shea broker-kickback qui tam, but DOJ did not intervene against Devoted and the relator's amended complaint dropped it.Endpoints News: Devoted Health cuts 5% of workers (May 2025) ↗ · Becker's Payer: Devoted Health lays off 120 ↗ · Endpoints News: Devoted's 2025 revenue slips (Apr 2026) ↗ · Revelio Labs: Devoted Health headcount history ↗ · CMS: Devoted Health civil money penalty notice (May 2026) ↗ · WHIO: Kettering Health ends contracts with Humana and Devoted (Sep 2025) ↗ · US ex rel. Shea: motion noting relator's amended complaint excludes Devoted (Jul 2025) ↗
- Total4.52 + 2 + 1.5 − 1 = 4.5 → Race (4.25–4.74)
Distance (Half) is a separate read on how long the lead can last. It doesn't change the score.
Distance
Half · edge: cheaper at size
Fastest-growing MA carrier (8th largest by enrollment) with the highest share of 4+ star contracts among big insurers and an AI-driven admin cost edge; still far smaller than UnitedHealth and Humana and exposed to CMS rate and Star Ratings swings.
Sources: HFMA: 2027 Star Ratings, Devoted top share of 4+ star contracts (Oct 2026) ↗ · KFF: Medicare Advantage 2026 enrollment update (Jun 2026) ↗ · Devoted: Series G and 2027 expansion (Oct 2026) ↗
Watch-outs
May 2025 layoff of ~120 staff (~5% of 2,460); 2025 revenue and membership fell for the first time (reversed in 2026). Minor: CMS civil money penalty ($18,668, May 2026) for charging members above out-of-pocket limits; Kettering Health (Ohio) dropped Devoted's network contract over denials/payments (Sep 2025). Named in the 2021 Shea broker-kickback qui tam, but DOJ did not intervene against Devoted and the relator's amended complaint dropped it.
Sources: Endpoints News: Devoted Health cuts 5% of workers (May 2025) ↗ · Becker's Payer: Devoted Health lays off 120 ↗ · Endpoints News: Devoted's 2025 revenue slips (Apr 2026) ↗ · Revelio Labs: Devoted Health headcount history ↗ · CMS: Devoted Health civil money penalty notice (May 2026) ↗ · WHIO: Kettering Health ends contracts with Humana and Devoted (Sep 2025) ↗ · US ex rel. Shea: motion noting relator's amended complaint excludes Devoted (Jul 2025) ↗
Last checked Oct 25, 2026