One Medical in talks with Carlyle Group over $200mn in growth capital

By mcpherrin mcpherrin

The Alphabet-backed primary care group, One Medical, is negotiating with private equity company, Carlyle Group, in a bid to raise over $200mn in growth capital, CNBC reports.

In addition, the firm also hopes to gain a further $100mn worth of shares from its current investors.

The US-based group specialises in primary care and holds offices in San Francisco, New York, Seattle, among others spread across the country.

One Medical allows its consumers without insurance to pay out-of-pocket, as well as offering a virtual medical team, a suite of mobile apps and has constructed its own electronic medical system.

See more:

As the deal is nearing completion and is in the late stages of discussions, the company opted not to comment at this time.

Since first being established in 2007, One Medical has funded over $180mn in capital from a range of investors, including names such as; JPMorgan, Benchmark, Maverick and Alphabet’s GV.

In July 2017, Amir Rubin replaced founder Tom Lee as CEO of the company to which Rubin revealed to CNBC at the time, that the company “has seen tremendous growth” to its primary care clinics into the employer market as well as with its consumers.

Share

Featured Articles

Top 10 cybersecurity specialists in the US

As cyber attacks grow in frequency and become increasingly sophisticated, Business Chief looks at the top 10 cybersecurity specialists in the US.

Silicon Valley Bank collapse: How did we get here?

US authorities have stepped in to protect all Silicon Valley Bank customers following the second-largest bank failure in the country's history

Top 10 best new leadership books by women to read in 2023

To mark IWD, here’s our pick of the best new leadership books – all penned by impressive women at the forefront of the ever-evolving world of work

Eight of the best business leadership podcasts

Leadership & Strategy

CEO John Pagano, leading Saudi Arabia's Red Sea Global

Leadership & Strategy

Top 10 female CEOs according to Fortune’s Global 500 list

Leadership & Strategy