A few months later Raised $192 millionAccording to a report, CityBlock received another $400 million in funding. STAT news report.
Softbank, now has Holds shares of multiple health technology companiesAccording to anonymous sources cited by STAT, led the D round of financing. This will drive CityBlock’s valuation to $5.7 billion.
A CityBlock spokesperson confirmed to MedCity News that the company has raised a new round of funding.
With numerous primary care startups raising funds for concierge services or subscription memberships, CityBlock is taking a different approachThis New York-based company provides primary care services for medical insurance and dual-qualified patients, many of whom are not well served in the current health care system. It also provides behavioral health services and helps people get community support, such as transportation, food, and stable housing.
A spokesperson wrote in an email that CityBlock plans to use the new funds for its goal of serving 10 million members by 2030, including expanding its operations, technology, and nursing services.
The company currently operates in five states: New York, Connecticut, Massachusetts, North Carolina, and Washington, DC. Through the early C round of financing, the company also plans to expand to Ohio.
CityBlock also hopes to expand its medical services to include obstetrics and pediatrics.Nearly half of all newborns in the U.S. are Covered by Medicaid.
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