Women's Health Company Diana Health Raises $55M To Expand

Diana Health, a women’s health practice network that partners with hospitals, has secured $55 million in Series C funding to expand its whole-person care model.

The round was led by HealthQuest Capital, with participation from existing investors Norwest, .406 Ventures, LRVHealth and AlleyCorp. With the new capital, Diana plans to grow its physical footprint, strengthen clinical programs, and enhance its digital platform. The company has raised $101 million to date.

As part of the financing, Witney McKiernan, principal at HealthQuest Capital, and Neel Shah, M.D., chief medical officer of Maven Clinic, joined Diana’s board of directors.

“We invested because Diana Health aligns clinicians and hospitals around clear goals, measurable outcomes, and durable maternity and women’s programs—areas that have historically been difficult to scale,” McKiernan told Fierce Healthcare.

Founded in 2020, Diana partners with hospitals to codesign and run women’s health programs in labor and delivery units as well as outpatient clinics. The company currently collaborates with nine hospitals across Tennessee, Florida, and Texas, pairing certified nurse-midwives with OB-GYNs, mental health specialists, and wellness professionals. Its clinics accept Medicaid and all major commercial payers.

Diana’s model emphasizes longer appointments and wraparound services such as nutrition counseling and mental health care, serving more than 80,000 women annually. Outpatient clinics cover sexual health, pre-conception, pregnancy, gynecological conditions like PCOS and endometriosis, as well as nutrition, perimenopause, and menopause. In inpatient settings, Diana staffs certified nurse-midwives and OBs to improve maternal outcomes—aiming to reduce C-section rates in a country with the worst maternal health outcomes among developed nations.

“It is by improving the patient experience and quality of care that hospitals can build lasting programs by earning women’s trust over time,” said Kate Condliffe, Diana Health’s co-founder and CEO.

“When midwives are at the center of care, families are healthier and communities thrive,” added Maven Clinic’s Shah. “Diana Health is proving that elevating the midwifery model allows health systems to deliver care that is evidence-driven, relational, and aligned with what women truly want and need.”

The company also offers a custom-built patient app integrated with its AthenaHealth EHR. The app provides educational resources, supports goal setting, and helps women stay engaged between visits, including via telehealth. Diana is also investing in AI tools, such as Ambience Healthcare’s automated scribe, and plans to expand the insights its platform delivers to providers.

Diana measures impact through multiple lenses: patient satisfaction (its Net Promoter Score sits in the mid-80s), provider experience (turnover and satisfaction), and clinical outcomes (C-section rates, preterm births, NICU admissions, postpartum hemorrhage, and newborn complications).

“We’ve seen dramatic improvements across all these metrics,” Condliffe said, noting outcomes are consistent between Medicaid and commercially insured populations.

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