nearly 50 percent of Carbon Health’s patients have a household income of less than $80K, 26 percent of Carbon Health’s patients have an income of more than $150K, and nearly one in three patients (27 percent) pay for healthcare out of pocket. With its focus on accessibility and affordability, Carbon Health serves the entire socio-economic spectrum of the U.S. Since its last fundraising round in November 2020, Carbon Health has experienced a 129 percent increase in patient volume (excluding patients vaccinated or tested for COVID-19), with availability having expanded to more than 75 percent of people in the U.S. And the company has brought on two new executives: former Apple Health head Myoung Cha to grow its innovative omnichannel care model, and Nita Sommers to expand Carbon Health’s service areas and value-based offerings for employers and payers. Carbon Health also recently acquired Steady Health, a CGM-enabled virtual diabetes clinic this acquisition will enable the company to grow its hardware capabilities. The company’s proprietary iPad-based electronic medical record platform has been built from the ground up to empower providers to focus on delivering the best possible care, thus reducing physician administrative time, lowering burnout, and increasing retention. Through this unique model, Carbon Health is reducing friction for both patients and providers and closing the gaps in care that lead to bad outcomes. With its omnichannel care model - designed to create a seamless patient experience via in-person clinics, home-based care, and hardware - Carbon Health is redefining primary care. “This investment will help Eren and his outstanding team further invest in new technology and products to differentiate and expand their services - all while maintaining an intense focus on how to improve healthcare services for all.” “Carbon Health is redefining primary care medicine with the important goal of helping more Americans access high-quality healthcare,” said Scott Bommer, Chief Investment Officer of Blackstone’s Horizon platform. Existing investors Dragoneer Investment Group and Brookfield Technology Partners also participated, as well as individual investors including Amazon Worldwide Consumer CEO David Clark, Salesforce co-founder and CTO Parker Harris, Founding Board Member of Salesforce and Executive Chair of Informed Magdalena Yesil, Stripe Head of Banking Karim Temsamani, activists Shepard and Amanda Fairey, NBA players Klay Thompson and Khris Middleton, MLB players Nolan Arenado and Matt Chapman, MLS soccer player Weston McKinnie, and newly retired NFL player Alex Smith. The round was led by Blackstone’s Horizon platform with participation from Atreides, Homebrew, Hudson Bay Capital, Intersect Capital, Fifth Wall, Lux Capital, Silver Lake Waterman, and funds and accounts managed by BlackRock. We will be able to continue building infrastructure and technology that make incredible longitudinal care accessible to the masses, without hidden fees or membership requirements.” “This investment allows Carbon Health to bring our unique offering of high-end - but not high-cost - healthcare to even more people in the U.S. “We believe that everyone deserves great health, and that there is still a tremendous opportunity to close the immense healthcare gap that widened during the COVID-19 pandemic,” said Eren Bali, co-founder and CEO of Carbon Health. and fulfill its mission to make high-quality healthcare accessible to everyone. The investment enables Carbon Health to further accelerate its expansion to become the largest primary care provider in the U.S. SAN FRANCISCO-( BUSINESS WIRE)- Carbon Health, a leading omnichannel healthcare provider, announced that it has raised $350 million.
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