Primary care group One Medical can be in talks to raise more than $0 million in growth capital by the private equity firm Carlyle Group, according to people with knowledge of the talks. The firm also aims to buy yet another $100 million worth of shares by existing investors.
The company can be within the late stages of conversation, the sources say, as the deal can be not yet done. The company declined to comment.
One Medical can be a primary care group with offices in San Francisco, completely new York, Seattle along with different cities across the country. which accepts insurance by most carriers, along with along with also lets users without insurance pay out-of-pocket. The company sets itself apart with its technology. In addition to online scheduling, the company offers a virtual medical team, a suite of mobile apps along with has built its own electronic medical system rather than relying on a third party vendor.
One Medical in July of 2017 named former UnitedHealth group executive Amir Rubin as its CEO to replace its founder Tom Lee. At which time, Rubin told CNBC which the company had seen “tremendous growth” in its business which sells its primary care clinics into the employer market, along with not just with consumers. One Medical in recent years has positioned itself as an on-site or nearby clinic to companies with large campuses, creating sure which employees can access concierge medical care without leaving the office.
The company has raised more than $180 million in capital since which launched in 2007 by investors such as JPMorgan, Alphabet’s GV, Benchmark along with Maverick. One Medical’s most recently reported valuation was more than $1 billion. which’s not known where the current round values the company.