Breaking
SERIES C: Diana Health raises $55M led by HealthQuest Capital  • SCALE: 80,000+ women served annually  • BOARD: Dr. Neel Shah joins as director  • MODEL: Midwives + OB-GYNs + therapists on one team  • FOOTPRINT: New clinic opens in Jacksonville, FL  • TOTAL RAISED: $100M+ since 2020  • SERIES C: Diana Health raises $55M led by HealthQuest Capital  • SCALE: 80,000+ women served annually  • BOARD: Dr. Neel Shah joins as director  • MODEL: Midwives + OB-GYNs + therapists on one team  • FOOTPRINT: New clinic opens in Jacksonville, FL  • TOTAL RAISED: $100M+ since 2020  •
Founded 2020  ·  Series C

Diana Health

Rebuilding women's healthcare from inside the hospital - one 60-minute appointment at a time.

$100M+
Total Raised
80,000+
Women / Year
9+
Clinic Locations
~220
Employees
Diana Health logo
Diana Health, Inc. - the women's health company partnering with hospitals across Tennessee, Florida and Texas. Photograph: company mark.
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The Story

The company redesigning maternity care

The typical appointment with an obstetrician-gynecologist in the United States lasts five to ten minutes. Diana Health builds its entire model on the premise that this is not enough. At its clinics, a routine visit runs 30 to 60 minutes, and the person leading it may be a certified nurse-midwife rather than a physician - part of a care team that also includes OB-GYNs, therapists, dietitians and health coaches.

Founded in 2020 by Kate Condliffe and Jim Corum and incubated out of the New York venture firm AlleyCorp, Diana Health does not fit the usual femtech template. Rather than routing around hospitals with a standalone app or boutique clinic, it walks directly into mid-sized health systems and takes over their OB-GYN practices and labor-and-delivery operations, redesigning them around a midwifery-centered, team-based approach.

The pitch to hospitals is practical. Partner systems - typically those handling between 500 and 1,500 births a year - outsource their women's health programs to Diana, generally for a flat annual fee. Diana staffs and runs 24/7 clinics co-located with the hospital and reports outcomes that usually move in opposite directions: higher delivery volumes alongside fewer C-sections and NICU admissions, with higher patient and clinician satisfaction.

By September 2025 the company had raised more than $100 million across three rounds, grown to nine-plus clinics across Tennessee, Florida and Texas, and was serving over 80,000 women a year.

"Women achieve better outcomes - and get the experience they want - when care is holistic and centered on their voices. This is also the way most clinicians want to practice."
Kate Condliffe · Co-Founder & CEO
By The Numbers

The scale of the problem

$111B
U.S. maternity spend / year
2x
Maternal mortality vs. peers
12%
U.S. births with a midwife
70%
Midwife births in many nations

Figures cited in coverage of Diana Health's funding and investor commentary. Ranges are approximate.

What It Solves

A model built around time and continuity

The Gap

Rushed visits

Short, fragmented appointments leave little room for the mental, physical and social factors that shape a woman's health. Diana's answer is longer visits and an integrated team.

The Gap

Fragmented care

Pregnancy, postpartum, gynecology and menopause are usually treated as unrelated events. Diana keeps a single team across a woman's lifespan so the story carries forward.

The Gap

Unnecessary intervention

Midwifery-led, evidence-based protocols aim to limit interventions to when they are genuinely needed - reflected in Diana's reported drop in C-section and NICU rates.

The Gap

Access & equity

With in-network coverage including Medicaid and a focus on underserved women, Diana targets communities where maternal outcomes lag furthest behind.

The Gap

Clinician burnout

The model is designed around how most clinicians actually want to practice - unhurried, holistic, collaborative - which supports recruitment and retention.

The Gap

Hospital economics

Struggling women's health service lines get a redesigned, better-run program without the hospital having to rebuild it alone.

How It's Different

Time is the treatment

Typical OB-GYN visit~5-10 min
Diana Health visit~30-60 min

Longer appointments let one team address physical, mental and social health together.

Midwife-attended births · U.S.~12%
Midwife-attended births · many peer nations~70%

Diana's midwifery-centered model sits closer to the global norm than to U.S. convention.

Most companies chasing women's health build a consumer app or a cash-pay clinic and try to pull patients away from the hospital. Diana Health does the opposite. It embeds inside hospital operations - the place where the majority of births still happen - and rebuilds the program from within.

That choice shapes everything. Certified nurse-midwives lead care for low-risk pregnancies and well-woman visits, while OB-GYNs concentrate on complex and high-risk cases. Therapists, dietitians and coaches are part of the core team rather than an outside referral. A digital platform handles education, care planning and virtual check-ins between visits.

The competitive set - Maven Clinic, Oula, Millie, Tia, Kindbody and others - largely operates around the hospital. Diana's differentiation is that it operates inside it, and gets paid on outcomes.

Products & Services

Whole-woman care, across every stage

Service

Maternity & Pregnancy

Midwifery-centered prenatal, birth and postpartum care, with OB-GYNs handling high-risk cases, in clinics co-located with partner hospitals.

Service

Gynecology & Well-Woman

Annual exams, contraception and family planning, plus PCOS, endometriosis, pelvic pain, abnormal bleeding and painful periods.

Service

Menopause Care

Symptom management and hormone-related care through perimenopause and menopause.

Service

Integrated Mental Health

Therapists and behavioral health support built into the care team rather than referred out.

Service

Wellness & Coaching

Health coaches, dietitians and educators supporting nutrition, lifestyle medicine and preventive health.

Platform

Digital Health App

Patient education, care planning, virtual prenatal check-ins and access between in-person visits.

The Business Model

B2B2C, paid on outcomes

Diana Health partners with mid-sized hospitals that outsource their OB-GYN and labor-and-delivery operations - generally for a flat annual fee. Diana runs 24/7 co-located clinics, employs the team-based model, and bills insurance, including Medicaid, for services.

Because revenue is tied to running a better program - more deliveries, fewer costly complications - the incentives point toward outcomes rather than procedure volume.

Funding History

$100M+ and counting

RoundAmountDateLead
Series A$11MJan 2022LRVHealth / .406 Ventures
Series B$34MOct 2023Norwest Venture Partners
Series C$55MSep 2025HealthQuest Capital

Backers also include AlleyCorp, which incubated the company.

Timeline

From incubation to network

2020

Diana Health is founded

Kate Condliffe and Jim Corum launch the company, incubated out of AlleyCorp, to redesign women's health inside hospitals.

2022

$11M Series A

LRVHealth and .406 Ventures lead the first round to build maternity and women's health programs with hospital partners.

2023

$34M Series B

Norwest Venture Partners leads a round to expand the network of hospital-partnered practices.

2025

$55M Series C & board addition

HealthQuest Capital leads a $55M round; Dr. Neel Shah joins the board as Diana passes 80,000 women served annually.

2025

Jacksonville expansion

A new Florida location opens in Jacksonville, extending the footprint across Tennessee, Florida and Texas.

Field Notes

Details worth knowing

The consumer brand is "Hey Diana Health" - the website and every social handle use heydianahealth.

Only about 12% of U.S. births involve a midwife, versus roughly 70% in many other developed countries - the gap Diana's model is built around.

Though headquartered in New York, Diana's clinics operate primarily across the American South and Southwest.

A standard Diana visit runs 30-60 minutes, several times longer than the typical 5-10 minute OB-GYN appointment.

FAQ

Common questions

What does Diana Health do?
It partners with hospitals to run their OB-GYN and labor-and-delivery programs using a midwifery-centered, team-based model that provides maternity, gynecology, menopause, mental health and wellness care.
Who founded Diana Health and when?
It was founded in 2020 by Kate Condliffe (CEO) and Jim Corum, and was incubated out of the venture firm AlleyCorp.
How much funding has Diana Health raised?
More than $100 million across three rounds, most recently a $55M Series C in September 2025 led by HealthQuest Capital.
Where does Diana Health operate?
It is headquartered in New York and runs clinics co-located with partner hospitals across Tennessee, Florida and Texas, serving 80,000+ women a year.
How is it different from a typical OB-GYN office?
It uses longer 30-60 minute appointments, certified nurse-midwives leading low-risk care alongside OB-GYNs, and integrated mental health, nutrition and coaching - all embedded within hospital operations.
Explore

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