When was Health Net founded?

Health Net was founded in 1977 and raised its 1st funding round 29 years after it was founded.

Where is Health Net located?

Health Net is headquartered in Los Angeles, United States.

How many employees does Health Net have?

As of Jun 30, 2026, the latest employee count at Health Net is 4477.

Is Health Net a funded company?

Health Net is a funded company, having raised an undisclosed amount across 26 funding rounds to date. The company's 1st funding round was a $***** Grant (prize money) round, raised on Nov 22, 2006.

How much is Health Net worth?

The last known valuation of Health Net was $***** as of Jul 13, 2015.

When was the latest funding round of Health Net?

Health Net's latest funding was a $***** Grant (prize money) round on 2025, with participation from 1 investor. Its primary sector is Insurance Distribution. In United States, the Insurance Distribution sector has seen $1.07B in funding in 2026 to date.

What is the annual revenue of Health Net?

Annual revenue of Health Net is more than $1B as on Dec 31, 2010

Where does Health Net rank among its competitors?

Health Net ranks 4th amongst 1005 active competitors, of which 7 are funded. It stands 4th in terms of total funding among its competitors. The most recent competitor to raise funding was Marpai, which secured $12M in Jul, 2026.

Who are the top competitors of Health Net?

Health Net's top competitors include nib, Bupa and Highmark. Among them, Marpai secured the most recent funding round in July, 2026.

Health Net - 2026 Company Profile, Team, Funding, Competitors & Financials

Q: Is Health Net an acquired company?

Health Net got acquired by Centene on Jul 13, 2015.

Health Net is an acquired company based in Los Angeles (United States), founded in 1977. It operates as a Provider of health plans and related services. Health Net has raised an undisclosed amount in funding, with last known valuation of $*****. The company has 1005 active competitors, including 7 funded and 93 that have exited. Its top competitors include companies like nib, Bupa and Highmark.

Company Details

Provider of health plans and related services. This entity offers health insurance plans for individuals, families, and businesses of all sizes, including Medi-Cal and Medicare plans. Additional services encompass behavioral health, pharmacy benefits, and support programs. The company also facilitates access to a provider network and offers various resources for members, including online tools and language assistance. They provide forms and brochures for various plan types and offer support for claims processing.

Website: www.healthnet.com/content/healthnet/en_us.html
Social
Phone Number: +1 **********

Key Metrics

Founded Year

1977

Location

Los Angeles, United States

Stage

Acquired

Latest Funding Round

Grant (prize money), 2025, $*****

Last Known Valuation

$***** as on Jul 13, 2015

Investors

HRSA & 3 more

Ranked

4^th among 1005 active competitors

Annual Revenue

$1B+ as on Dec 31, 2010

Employee Count

4,477 as on Jun 30, 2026

Investment & Acquisitions

Kern Pediatrics & 13 more

Similar Companies

nib & 1054 more

Exit Details

Acquired by Centene (Jul 13, 2015)

View Health Net's full profile

Health Net is associated with 4 legal entities given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
Health Net of California, Inc. CIN: 20131281880 , United States, Active	May 07, 2013	-	-	-
HEALTH NET, INC. CIN: 954288333 , United States, Active	Dec 31, 1999	-	7881 (As on Dec 31, 2015)	-
HEALTH NET, LLC CIN: 176485499 , United States, Active	Jan 07, 2021	-	-	-
HEALTH NET INC CIN: 916085 , United States, Active	Jun 06, 1990	$1B+ (As on Dec 31, 2010)	4 (As on Mar 31, 2021)	-

Health Net got acquired by Centene on Jul 13, 2015 at an acquisition amount of $*****.

Click here to take a look at Health Net's acquisition in detail

Health Net has raised funding over 26 rounds. Its first funding round was on Nov 22, 2006. Its latest funding round was a Grant (prize money) round on 2025 for $*****. 1 investor participated in its latest round. Health Net has 4 institutional investors.

Here is the list of recent funding rounds of Health Net:

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Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
2025	9288	Grant (prize money)	7453	8787	5659	3129
2024	4352	Grant (prize money)	6108	4604	6355	HRSA
2023	7349	Grant (prize money)	3213	8283	6667	HRSA

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Health Net's employee count trend

Health Net has 4,477 employees as of Jun 26. Here is Health Net's employee count trend over the years:

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Top competitors of Health Net include nib, Bupa and Highmark. Here is the list of Top 10 competitors of Health Net, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	nib 1952, Newcastle (Australia), Public	Provider of health and medical insurance services	-	-	66/100
2nd	Bupa 1947, London (United Kingdom), Unfunded	Health care insurance brokerage firm	-	-	64/100
3rd	Highmark 1996, Pittsburgh (United States), Funding Raised	Provider of health insurance plans for individuals and businesses	-	GTCR, Battery Ventures & 1 others	63/100
4th	Health Net 1977, Los Angeles (United States), Acquired	Provider of health plans and related services	-	HRSA, US Department of Labor & 2 others	63/100
5th	Premera 1933, Mountlake Terrace (United States), Unfunded	Provider of health insurance services	-	-	58/100
6th	Capital Blue Cross 1938, Harrisburg (United States), Unfunded	Health insurance brokerage firm	-	-	57/100
7th	Excellus BCBS Rochester (United States), Unfunded	Health insurance provider offering individual, family, and business health plans	-	-	55/100
8th	Cambia Health Solutions 1996, Portland (United States), Unfunded	Provider of innovative health care solutions	-	-	52/100
9th	Marpai 2019, New York City (United States), Public	Provider of data analysis services leveraging AI aimed at healthcare sector	-	HillCour Investment Fund, Rainmaker Private Equity	49/100
10th	Groupe Mutuel 1993, Martigny (Switzerland), Unfunded	Provider of personal and health insurance brokerage services	-	-	48/100

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Health Net has not made any acquisitions yet. Health Net has made 14 investments.

Here is the list of latest three $investments:

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Date of Investment/Acquisition	Type	Company Name	Founded Year	Location
Sep 23, 2019	Investments	Kern Pediatrics	1983	Bakersfield (United States)
Sep 23, 2019	Investments	Altura	1995	Tulare (United States)
Sep 23, 2019	Investments	Manatt	1965	Albany (United States)