Diana Health has raised $55 million in a Series C financing round to expand its network of hospital-partnered women’s health programmes and has named Dr. Neel Shah to its board of directors. The round was led by HealthQuest Capital, with participation from existing investors Norwest Venture Partners, .406 Ventures, LRVHealth, and AlleyCorp.
The US-based company runs women’s health initiatives in partnership with hospitals, following the midwifery model of care. Its approach brings together Certified Nurse-Midwives (CNMs), OB-GYNs, and mental health specialists, with the aim of giving patients more time with providers and using medical interventions only when needed.
Currently, Diana Health operates nine sites across Tennessee, Florida, and Texas, with a new location due to open in Jacksonville, Florida, this November. The network serves more than 80,000 women each year, covering areas such as sexual health, pregnancy and birth, gynaecological issues including PCOS and endometriosis, and menopause.
“We know that women achieve better outcomes—and get the experience they want—when care is holistic and centered on their voices,” said Kate Condliffe, co-founder and chief executive of Diana Health. “By partnering with Diana Health, health systems are redesigning their models and teams around these values, creating programs that are built to last and earning patient trust through higher-quality care.”
The funding arrives as the US faces pressing maternal health challenges. Despite annual maternity spending of $111 billion, maternal mortality rates are double those of other advanced economies. In the past decade, more than 500 hospitals have shut their labour and delivery departments, while the shortage of obstetricians is expected to reach 22,000 by 2050.
As part of the funding, Dr. Neel Shah, former chief medical officer at Maven Clinic, has joined Diana Health’s board. “When midwives are at the center of care, families are healthier and communities thrive,” Shah said. “Diana Health is showing that by elevating the midwifery model, health systems can deliver care that is evidence-driven, deeply relational, and aligned with what women truly want and need.”
Diana Health’s model incorporates team-based care with CNMs working alongside OB-GYNs, evidence-backed protocols that cut down on unnecessary interventions, and digital tools for patient education and planning. It also tracks quality outcomes such as reducing unnecessary C-sections and improving maternal safety.
The company works with hospitals to run services within existing units or reopen previously closed OB-GYN facilities. Partner hospitals have reported fewer unnecessary procedures and higher patient satisfaction under Diana Health’s approach.
With the new funding, Diana Health’s total raised capital stands at $101 million. The Series C will be used to scale its physical presence, enhance clinical services, and expand its digital platform.
