Outcome Health raised $500 million in funding from a group of investors at a valuation of more than $5 billion, Bloomberg reported May 31.

The Chicago-based firm, which offers healthcare IT services to connect doctors and patients, announced a financing round valuing the company at $5 billion pre-money.

The company, founded in 2006, said its first-ever round of funding involved a group of investors including Goldman Sachs Investment Partners, Alphabet Inc.'s growth equity investment fund CapitalG, Leerink Transformation Partners, Pritzker Group Venture Capital and Balyasny Asset Management.