SALT LAKE CITY – Alliance Health Networks, a leading developer of condition-specific social networks, announced it raised $11 million in its latest round of funding. Physic Ventures and New World Ventures joined existing investors, Highway 12 Ventures and Epic Ventures, in this financing round.

Since 2006, Alliance Health has focused on building a scalable technology platform to support a wide array of health-related social networks, each focused on specific health interests. The company owns and operates 37 social networks and has more than 750,000 registered members. Its flagship site, Diabetic Connect, is the world’s largest social network for people affected by diabetes. 

The funding will accelerate the expansion of Alliance Health’s current portfolio of social networks and the growth of its mobile platform.  It will also fund enhancements to its online tools and support the expansion of the company’s New York office. Alliance Health’s sites enable patients and caregivers to form relationships, engage in conversations, share treatments and comment on services and products.  The company has released eight mobile versions on the Apple iOS platform, extending these features to users accessing social networks from their smartphones.

“A growing number of consumers are going online to find people who share their health concerns,” said Stead Burwell, chief executive officer for Alliance Health.  “By expanding our reach into more disease areas and building out our mobile footprint, we will be able to extend our unique approach to help more consumers connect with supportive peers and with the personalized information they need to navigate an increasingly complex and fragmented healthcare system.”

“We were attracted to Alliance Health because they are helping to create and foster a culture of consumer-directed health and wellness,” said Andy Donner, a director at Physic Ventures in San Francisco. “We target companies that are capitalizing on the major trends shaping personal and planetary health and we see Alliance Health as a significant contributor to this movement.”

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About Alliance Health Networks

Alliance Health Networks is an innovative social networking company whose mission is to improve health outcomes, lower costs and facilitate a more consumer-centric healthcare industry.  The company owns and operates a growing portfolio of distinct social networking sites that today serve 750,000 registered members across 37 health conditions.  Investors in Alliance Health Networks include New World Ventures, Physic Ventures, Highway 12 Ventures and EPIC Ventures. For more information, visit www.AllianceHealth.com.