Trinity Capital, an international alternative asset manager, committed $50 million in growth capital to Sage Health, a full-risk primary care and wellness provider serving Medicare-eligible seniors.
“We believe Sage is addressing critical gaps in senior healthcare by delivering personalized, compassionate and comprehensive care,” Rob Lake, senior managing director, life sciences at Trinity Capital, said. “We’re proud to partner with their team and aim to drive meaningful outcomes across the industry.”
The additional capital will work to support Sage’s continued investment in its senior-focused care platform and geographic expansion into new medically underserved markets. Trinity’s $50 million debt term loan, together with the company’s prior financings, brings Sage Health’s total capital raised to $170 million to date.
“Trinity has a competitive advantage in their ability to tailor growth funding to specific use cases and collaborate seamlessly with their partners,” John Haskell, founder and CEO of Sage Health, said. “When they visited our center in inner-city Baltimore, they saw firsthand the power of what we do. I was impressed by their thoughtful questions and their natural interactions with our patients and clinic staff, as they blended right into our team. We were already flying in formation together, and that will take us far moving forward.”
Armentum Partners, a debt capital advisory firm, served as Sage’s financial advisor on the transaction.
