Arbital Health, a technology startup focused on accelerating the healthcare industry's transition to value-based care, today announced the acquisition of Santa Barbara Actuaries and $10 million in Series A financing led by digital healthcare investor Transformation Capital.

Other institutional investors in the funding round include Shaper Capital, Healthy Ventures, Flex Capital, and Underdog Labs.

Arbital Health's vision is to become the neutral third-party adjudicator of outcomes-based contracts, unlocking and accelerating the $1 trillion shift to value-based care in the U.S. healthcare system. Arbital Health aspires to be the trusted umpire adjudicating every outcome-based contract in healthcare, whether contracts are between life sciences companies and payers, payers and providers, or employers and digital health companies.