why samaritan exists

the will to move forward is already there. samaritan helps clear what stands in the way.

When life feels overwhelming, even one next step can feel out of reach. samaritan helps Members move forward, one achievable step at a time, with support, encouragement, and people who believe in them.

“Every conversation, every task, every word of encouragement, and every act of support helped me rebuild a stronger foundation.”

Rika, reflecting on her first year with samaritan
before samaritanthe weight of everything felt overwhelming

Loss, uncertainty, financial struggles, and housing challenges left Rika questioning how she would keep going.

through the yearshe did not have to carry it alone

Encouragement, accountability, kindness, and belief in her helped Rika stay focused on her goals and remember her worth.

one year laterstronger, more resilient, and hopeful

Her journey continues. Rika says she has gained strength, perspective, and renewed hope for what comes next.

For Rika, the value is personal. At scale, that human progress becomes customer value.Members build agency. Care teams extend support between touchpoints. Customers get more value from the care, benefits, and community resources they already fund.
The system-level problem

healthcare can fund the right care and still lose the outcome between touchpoints.

One Member's barrier is personal. Across a Medicaid population, the same invisible barriers interrupt care, coverage, and stability for the people organizations struggle hardest to reach. Plans remain accountable for the resulting continuity, quality, utilization, revenue, and cost performance.

customers already fund the pathways that should improve outcomes.

Plans, providers, states, and communities invest in care management, referrals, navigation, provider networks, covered benefits, and community programs. Their quality, revenue, utilization, cost, and Member continuity performance depends on whether Members can use what is available.

the barrier to action is individual, dynamic, and mostly invisible at the system level.

Senior buyers can see intended pathways and population performance, but they are rarely close enough to see the transportation issue, paperwork snag, changing cost, housing crisis, or depleted capacity shaping one Member's next step. Those barriers surface between touchpoints, where an otherwise sound plan can stall.

samaritan turns that hidden gap into verified Member action.

Trusted care and community teams help the Member co-create achievable next steps. samaritan helps address the barrier, applies financial support when cost is the barrier, sustains momentum through relational reinforcement, and verifies completion. The model works through relationships already in place, giving them more capacity and better evidence without recreating local trust market by market. Same Member. Same care plan. Better follow-through.

customers buy samaritan to produce the Member follow-through behind outcomes they already own. Today, evidence of stronger quality, care connection, utilization, cost, and continuity supports the decision to buy. The Series A makes the path from Member action to customer outcome clearer, more measurable, and more useful to financial decision-makers. That positions samaritan to price against attributable value and earn upside tied to revenue retention, cost stabilization, quality improvement, and Member continuity.
The mechanism

sophisticated support for a timeless problem

samaritan helps care management and community teams turn referrals, preventive care, covered benefits, and stability goals into achievable Member action. Each step identifies the current barrier, matches financial and relational support, sustains momentum, and verifies completion.

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Value ladder

member progress builds toward customer outcomes

01 · immediate

member agency and action

Members choose to engage, make barriers visible, and co-create achievable next steps. Financial and relational support help them act, and completion is verified.

02 · intermediate

care connection and stability

Members attend primary care visits, complete referrals and documentation, and use benefits and community resources. Repeated follow-through sustains progress between touchpoints.

03 · customer outcomes

continuity, quality, and cost

That progress supports coverage continuity for eligible Members, care-gap closure, appropriate care, and cost stability. These are the outcomes that protect customer revenue and increase the return on required investments.

Proof and learning

trusted by major healthcare organizations. used by Members at meaningful scale.

Enterprise adoption shows that recognized buyers will fund samaritan. Operating results show Members engaging and completing action. Customer analyses and independent evaluation examine what that progress means for care, quality, and cost.

Humana
Aetna
Elevance Health
Molina Healthcare
Centene Corporation
Kentucky Association of Health Plans

Current and recent buying processes have engaged plan presidents, chief executive officers, chief financial officers, chief medical officers, chief operating officers, population-health leaders, and executive behavioral-health leaders.

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Market validation

investors are backing better care delivery and Member engagement. samaritan scales through teams already trusted by Members.

Recent rounds for companies serving health plans and Medicaid populations show sustained demand for better care delivery and engagement. samaritan adds verified Member follow-through through existing care teams and community partners, without building a parallel field workforce.

The operating advantage

community trust becomes a scale asset

samaritan builds on community trust developed over decades. That creates three advantages together.

community acceptance

Care teams and community partners gain a proven way to help Members follow through and meet their own care and performance commitments. samaritan strengthens their work and preserves the relationships they have earned, giving them a reason to welcome us.

lower-cost delivery

samaritan scales without building an expensive on-the-ground workforce in every market. Each additional customer in a geography can use the community relationships, partner knowledge, and operating infrastructure already in place.

more ways to grow

Care-delivery companies, including some in adjacent categories, are potential customers and partners. They can add samaritan's follow-through system to their own services and bring us into existing customer relationships, extending our reach to more Members.

The commercial foundation

enterprise relationships create recurring value and paths to expansion

who buys and where we grow

Established buying paths include national, multi-state, and regional payers, risk-bearing providers and health systems, care-delivery and population-health companies, and state-level payer associations, with counties, states, and other public sponsors offering a natural growth path.

how they buy

fees tied to a defined deployment and Member engagement

setup. One-time implementation fees help fund readiness and launch. Amounts and payment milestones are agreed for each deployment.

recurring revenue. The portfolio includes fixed-fee and engagement-based agreements. New proposals increasingly use per-engaged-Member-per-month (PEMPM) pricing, with rates, caps, and billing definitions agreed by customer. Under that model, monthly Member fees follow qualifying engagement.

outcome-linked upside. samaritan is exploring additional payments in new contracts tied to measurable outcomes it can credibly be held accountable for.

pilots that open a path to expansion. Selected pilot funding supports operating cash and a land-and-expand strategy designed to convert early results into recurring agreements funded from customer operating budgets.

from signature to economic value

faster activation increases the value of every contract

signed recurring capacityterms establish available capacity and payment obligations
implementation readinesscompliance, data, partner, and billing gates clear
Member activationeligible Members enter the live program
billable engagementqualifying activity creates recurring revenue under the contract
customer value and cashdelivery, invoicing, collection, and measurable return follow

Implementation fees and payment milestones help customers fund a fair share of launch work while protecting samaritan's working capital.

6

recorded qualified-or-later opportunities

New customers, recurring conversion, and expansions are represented across both commercial pipelines as of October 4, 2026. Molina California and AlohaCare remain in negotiation and unsigned. Proposed capacity, program ceilings, and planning estimates are not contracted recurring revenue.

Payer-family expansion
HumanaOperating history in Kentucky followed by a direct recurring agreement in Virginia.
ElevanceA historical Maryland deployment and California activity establish operating history in more than one market.
AetnaExperience in California and Kentucky helped open a direct recurring agreement with Mercy Care in Arizona.
MolinaMultiple California phases plus operating access in Kentucky through the state-level association deployment.
CenteneHistorical Health Net experience in California and WellCare access in Kentucky. The recent Health Net expansion did not proceed; historical results are separate from current demand.
kentucky shows a route into a payer family. One association agreement created operating access across five managed care organizations. Those relationships create paths to direct contracts; they do not represent five separate revenue agreements or automatic renewals.

Growth must earn its economics. Each deployment needs a distinct customer problem, partners who can reach the intended Members, and evidence of value relative to the full cost of delivery. Lower utilization alone does not establish customer return.

AI advantage

learn from each Member journey. make the next intervention better.

Trusted relationships make barriers, support choices, and Member action visible today. The Series A will connect that experience with customer outcomes to build an intelligent intervention system: one that helps choose a better next step, tailor support to the person, and learn whether it worked.

The goal is more effective support between touchpoints, including helping Peers provide more personalized support, without requiring a matching increase in headcount. Data foundations, reusable workflows, and support requirements are being built now. The capabilities below describe the investment direction, not a fully deployed AI product.

evidence + value engine
commercial capacityfaster activation + customer successoutcome optimization
contract signed

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how trust is protected

Each AI use case must earn the right to scale through governed data, accountable human judgment, and measured value. Care teams, Peers, and samaritan staff remain accountable for decisions within their roles.

governed data firstBuild on shared definitions, permissioned access, data-quality checks, and auditable workflows.
accountable peopleCare teams, community partners, and samaritan staff retain judgment where context, trust, and responsibility matter.
measured before scaledTest usefulness, safety, and Member or customer value before expanding a use case. AI does not establish attribution on its own.
the company this builds

the intelligence and intervention layer for Member follow-through

samaritan is building toward this role through three connected capabilities: learning which interventions work for whom; helping Members and trusted partners choose achievable, high-value actions; and supporting follow-through between touchpoints. The potential advantage comes from combining operating experience, permissioned action-level evidence, and tested workflows. Proven models and infrastructure can supply the underlying technology.

More deployments

more members and markets

Recurring contracts create more opportunities to support action.

More evidence

barrier, support, action, outcome

Every verified action expands the learning foundation.

Better decisions

test what improves return

Compare support choices, timing, and cost against measured Member and customer results.

Stronger growth

earn renewal and expansion

Use demonstrated value to support larger deployments and outcome-linked agreements.

The investment opportunity

the capability is proven. the Series A turns it into scale.

The $5M Series A builds four connected capabilities that turn proven Member follow-through into a compounding enterprise growth and value engine: commercial capacity, faster activation and customer success, outcome optimization, and an evidence and value engine.

Series A
$5M
Externally priced capital to build the next stage of the company
Modeled year-end Members
1,794 → 11,894
2026 to 2028 operating plan, not measured engagement
Forecast recurring revenue
$4.05M → $20.74M
CARR, 2026 to 2028. Modeled ARR reaches $18.36M in 2028.
Modeled operating leverage
40% → 57%
Gross margin, with $0.44M positive EBITDA in 2028

Provisional planning figures. The October 2 model still needs contract and model reconciliation, including AlohaCare's proposed program-wide fee ceiling. These are working scenarios, not an approved investor forecast.

what the Series A creates

where the $5M goes and what it builds

Across 2027 and 2028, Series A capital builds commercial capacity, speeds customer launches, improves Member outcomes, and strengthens the evidence behind customer value. Shared infrastructure, working capital, and reserve support the full two-year plan.

estimated use of funds · 2027 to 2028

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Estimated allocation across the two-year plan. Spending will follow customer demand, deployment needs, and demonstrated results. Customer revenue also funds operations, and reserve can remain available beyond 2028.

economic translation

Helping more Members makes the economics work: Series A investments expand recurring revenue, increase the number of Members supported per operating dollar, and strengthen customer value.

earned growth becomes a Series B-scale foundation

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ActualSeries A operating planIllustrative next stage, not modeled
Operating measure2026 actual + forecast2027 forecast2028 forecast
Modeled year-end Member count1,7945,50411,894
Forecast contracted annual recurring revenue$4.05M$12.22M$20.74M
Annual recurring revenue$2.73M$7.57M$18.36M
Recognized revenue$2.19M$4.67M$13.78M
Gross margin40%44%57%
EBITDA($1.50M)($2.64M)$0.44M
Ending cash$0.75M$2.17M$1.68M

Provisional planning case, pending contract and model reconciliation. Source: October 2, 2026 financial model, funded Series A case. Financial actuals run through August; later periods are forecasts. The plan assumes a $5M January 2027 raise, one-month collections, new wins, and successful Member ramps. Its AlohaCare revenue assumptions still need to reflect the proposed program-wide fee ceiling. Forecast CARR is not already signed revenue. Positive EBITDA does not mean positive cash generation.

The Series B foundation

by series B, samaritan has durable follow-through infrastructure ready for its next stage of scale

The Series A expands a proven Medicaid wedge into a larger recurring business with repeatable enterprise growth, faster activation, stronger customer value evidence, and credible paths into adjacent populations and public funding streams.

TAM / SAM / SOM market sizing
TAM85.8MMedicaid and dual-eligible Special Needs Plan lives
SAM16.6MNational serviceable lives
4.4MCurrent-focus serviceable lives
SOM88.5KModeled obtainable Members
11.9KModeled year-end Members in 2028
Beyond the starting wedge

new populations and sponsors expand the addressable market

Housing-insecure Medicaid Members are samaritan's proven starting population. The company has evidence of value and enterprise payer access, with growth paths through payer families, market density, and larger deployments. The Series A is intended to make those paths repeatable. Scaling the core opportunity can support an attractive business on its own.

The Series A accelerates that core opportunity while building the evidence and operating capacity to validate adjacent populations for which distinct, durable public or healthcare funding streams already exist. That includes veterans, aging foster youth, survivors of human trafficking, people returning from incarceration, older adults, and people navigating behavioral-health or substance-use needs.

Multi-state payers, counties, states, risk-bearing providers, associations, health systems, and other public sponsors create additional routes to fund access.

the company this capital builds

repeatable enterprise growth

A recurring business that wins, launches, and expands customer deployments through a repeatable commercial and delivery process.

outcome-linked customer value

Evidence that supports stronger renewals, larger agreements, and shared-savings upside where measurement and contract terms support it.

more routes to scale

Strategic partners, payer-family expansion, and validated adjacent populations open access to more Members and durable funding streams.

the Series A builds the company and its next advantage together. Trusted community relationships, operating experience, enterprise access, and action-level evidence provide the foundation. More deployments create more opportunities to learn, test better support, and earn stronger customer economics.