Kaiser may steer $250 million funding in SaaS firm Innovaccer at flat valuation

US health and insurance giant Kaiser Permanente is in advanced talks to lead a $200-250 million investment in healthcare-focused software-as-a-service (SaaS) firm Innovaccer, said people aware of the matter. This will be a mix of primary and secondary funding, they said.

The secondary transaction is likely to be at a lower valuation than its peak valuation of $3.2 billion in December 2021. “The blended valuation would be around $2.5 billion,” a person aware of the talks said.