DispatchHealth
- 🦄Became a unicornMar 2021
- 📈Peak valuation$1.7 Billion ’21
- 💔Became a Unitard2025
- 💸Last valuation~$51M
The rise & fall
6 moments · 2013–2026The key moments.
How it happened
DispatchHealth, founded in Denver in 2013 by Mark Prather and Kevin Riddleberger, sent medical teams to treat urgent and acute conditions in patients' homes. A $200M Series D led by Tiger Global in March 2021 valued it at $1.7B.
High staffing and logistics costs forced retrenchment: it merged with Medically Home in 2025, then cut staff and pulled back across about ten metros that September. Its mutual-fund backer Adams Street marked the holding down sharply in SEC filings, from about $1,538 a share in September 2025 to $356 by March 2026 and near $50 by that June, a drop of roughly 97 percent consistent with a distressed recapitalization.
Glassdoor reviews described strained operations and patient-care pressure, poor communication and layoffs, with ratings among the lowest in this group by 2024 and 2025.
Employee accounts paraphrase anonymous, unverified reviews posted publicly on Glassdoor ↗. See our methodology.
Mutual-fund markdowns
1 fund · SEC NPORT-PHow U.S. mutual funds fair-value this still-private company in their quarterly SEC filings.
Source: SEC EDGAR Form NPORT-P (Level-3 fair-value marks). Per-share marks reflect the fund’s own valuation of a specific share class and aren’t a company-wide valuation. Last refreshed Oct 2026.
Source: Mercom / company (Mar 3, 2021): $200M Series D led by Tiger Global at a $1.7B valuation; a Nov-2022 round (Optum Ventures) held it near $1.7B. Fierce Healthcare / Home Health Care News: Medically Home merger announced Mar 2025, closed Jun 2025 (surviving entity DispatchHealth Holdings, CEO Jennifer Webster); HHCN (Sep 19, 2025): one full market exit (Little Rock) plus service cuts across nine metros, with layoffs. SEC Form N-PORT (Adams Street Private Equity Navigator Fund, CIK 1862281): 'DispatchHealth Holdings, Inc' preferred marked $1,537.79 (Sep 30, 2025) to $355.96 (Mar 31, 2026), about -77%; Jun-30-2026 marks fall to ~$44-55/share, consistent with a distressed recapitalization. Founded 2013 by Mark Prather and Kevin Riddleberger.
Founders & leadership
Current roles as self-reported on LinkedIn, retrieved 2026-10-13. See our methodology.
Disclosed investors (16)
Historical funding participation; lists may be incomplete and do not establish current ownership or investor losses.
* Lead in a funding round · Crunchbase ↗ · 2026-10-13 · Methodology · Leaderboard
