1Life Healthcare, the tech and management company behind One Medical, a large primary care practice in the U.S., received a minority investment of up to $350m.
Global alternative asset manager The Carlyle Group (NASDAQ: CG) made the investment from its $18.5 billion Fund VII.
The company intends to use the proceeds from the investment to continue to grow nationally.
Founded in 2007 and led by CEO Amir Dan Rubin, One Medical provides primary care services leveraging a digital platform and medical offices in 72 locations in nine metropolitan regionsin nine metropolitan regions, including:
– Los Angeles,
– New York,
– San Francisco,
– San Diego, and
– Washington, DC.
In addition to its consumer membership model, more than 1,000 companies have added One Medical to their health benefits packages, giving employees integrated access to near-site primary care, 24/7 virtual care and on-site care.