First Analysis portfolio company Dina has been acquired by Integrated Home Care Services

CHICAGO – May 22, 2026 – Integrated Home Care Services, a leading in-home benefit manager helping health plans and risk-bearing organizations unlock the full potential of care in the home, has acquired First Analysis portfolio company Dina Care, a leading AI-enabled care coordination and referral management platform.

As healthcare continues to shift into the home, health plans and risk-bearing organizations face growing pressure to deliver more affordable, coordinated and effective care outside traditional settings. Yet the operational infrastructure required to manage home-based care has not kept pace with the complexity of modern healthcare, leaving many organizations to navigate fragmented workflows, disconnected systems, provider network complexity and labor-intensive administrative processes. Together, Dina and Integrated address that gap by pairing Dina’s AI-enabled care coordination and referral management platform with Integrated’s specialized expertise in in-home benefit management, provider networks and value-based care operations. The combined platform connects payers, providers and patients, automates home-care workflows and creates a comprehensive in-home benefit management and technology platform capable of meeting health plans and risk-bearing organizations where they are on their care-in-the-home benefit transformation journey.

“The future of healthcare will increasingly be built in the home, but the operational infrastructure supporting home-based care has lagged behind the complexity and scale of modern healthcare,” said Ashish Shah, founder and CEO of Dina. “Dina was built to close that gap by helping payers, providers and patients coordinate care more intelligently and efficiently. First Analysis has been an important partner in helping us scale the company and reach this milestone. Together with Integrated, we can pair AI-powered orchestration with decades of specialized home care benefit management expertise to make care in the home more effective, simple and affordable.”

First Analysis Managing Director Andrew Walsh said, “Ashish and the Dina team built something rare: a platform that genuinely closes the loop between payers, providers and patients in the home. As government-sponsored health plans face growing pressure to deliver real value in the home, they need purpose-built infrastructure – not point solutions. Pairing Dina’s AI-enabled platform with Integrated’s operational depth creates exactly that – and we’re excited to remain invested in what this combined company will become.”