Primary Care Startup Cityblock Health Wins Over Investors
There is still a quarter to go, but 2021 already has been a year of explosive growth for Cityblock Health.
The primary care startup that targets Medicaid and low-income Medicare populations has raised roughly $900 million in funding since last December and is now valued at $5.7 billion, according to Stat News.
Cityblock Health’s latest funding round recently generated $400 million as the company builds out its strategy to help lower-income patients access integrated, community-based health services. It plans to serve 30 million members by 2030, which will require scaling its operations, technology and care services.
The company, a 2017 spinout of Alphabet’s Sidewalk Labs, works with community caregivers to help residents obtain primary care, behavioral health and other services, and helps people connect with transportation, food and stable housing support. The company is looking to broaden its services to include maternity care and pediatrics.
Cityblock now operates in New York, Connecticut, Massachusetts, North Carolina and Washington, D.C., with plans to expand to Ohio.