DPC News

Primary care group backed by Google parent set to raise $200M+

One Medical in recent years has positioned itself as an on-site or nearby clinic to companies with large campuses, so that employees can access concierge medical care without leaving the office. — Alphabet-backed One Medical is in talks to raise more than $200 million

  • One Medical is close to raising $200 million in growth capital, sources say.
  • It is in talks with The Carlyle Group, an investment firm with more than $200 billion in assets.
  • The company is backed by Alphabet’s GV, Benchmark and others.

Primary care group One Medical is in talks to raise more than $200 million in growth capital from the private equity firm Carlyle Group, according to people with knowledge of the talks. The firm also aims to buy an additional $100 million worth of shares from existing investors. The company is in the late stages of conversation, the sources say, as the deal is not yet done. The company declined to comment.

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SOURCE: https://www.cnbc.com/2018/08/20/one-medical-is-in-talks-to-raise-more-than-200-million.html

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