Diana Health has secured $55 million in Series C funding led by HealthQuest Capital to expand its women’s health network and appoint Dr. Neel Shah to its board of directors. Existing investors Norwest Venture Partners, .406 Ventures, LRVHealth, and AlleyCorp joined the round.
The US-based company partners with hospitals to operate women’s health programs using the midwifery model of care. Diana Health pairs Certified Nurse-Midwives with OB-GYNs and mental health professionals, allowing providers to spend more time with patients while reserving medical interventions for when needed.
Diana Health operates nine locations across Tennessee, Florida, and Texas, with a new Jacksonville, Florida site opening in November. The company currently serves over 80,000 women annually with services spanning sexual health, pregnancy care, gynecological conditions including PCOS and endometriosis, and menopause support.
“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, Diana Health co-founder and CEO. “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 addresses urgent maternal health challenges in the United States, where mortality rates are double those of other developed countries despite $111 billion in annual maternity care spending. More than 500 hospitals have closed their labor and delivery units over the past decade, while an obstetrician shortage is expected to reach 22,000 by 2050.
Dr. Neel Shah, former chief medical officer of Maven Clinic, joins Diana Health’s board as part of the round. “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 includes team-based care with CNMs working alongside OB-GYNs, evidence-based protocols that reduce unnecessary interventions, digital tools for education and care planning, and focus on quality metrics including reducing unnecessary C-sections and strengthening maternal safety.
The company helps hospitals either operate within existing labor and delivery units or reopen previously closed OB-GYN clinics. Hospital partners report fewer unnecessary procedures and improved patient satisfaction through Diana Health’s approach.
The funding brings Diana Health’s total capital raised to $101 million and will support scaling its physical footprint, deepening clinical programming, and enhancing its digital platform capabilities.
