Deal Details

Francisco Partners Makes Series E Investment in Rightway

Healthcare

Francisco Partners Series E investment in Rightway

Summary

Francisco Partners Management LP ("Francisco Partners") has led a $155 million Series E investment in Rightway Healthcare ("Rightway") with participation from existing investors Thrive Capital and Khosla Ventures.

Baird served as exclusive financial advisor to Francisco Partners on this transaction.

About

Francisco Partners is a leading global investment firm that specializes in partnering with technology and technology-enabled businesses. Since its launch over 25 years ago, Francisco Partners has invested in over 500 technology companies, making it one of the most active and longstanding investors in the technology industry. With over $75 billion in capital raised to date, the firm invests in opportunities where its deep sectoral knowledge and operational expertise can help companies realize their full potential. Francisco Partners is headquartered in San Francisco, California.

Rightway is transforming pharmacy benefits and care navigation with a member-first approach that blends expert clinical guidance, high-touch service and intuitive technology. Rightway delivers personalized, evidence-based support that improves outcomes, drives engagement and reduces costs. Rightway was the first Pharmacy Benefit Manager (PBM) to integrate pharmacy navigation from clinical experts, guiding members to high-value medications while delivering fully aligned pricing, 100% transparency and a total spend guarantee. Its care navigation solution simplifies healthcare with proactive, clinician-led support, creating better experiences for members and measurable savings for employers. With Rightway as their healthcare benefits partner, employers don’t have to compromise on employee health, happiness or their company’s results. Rightway is headquartered in New York, New York.

Healthcare

Francisco Partners Series E investment in Rightway