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Carbon Health Acquires Two Major Clinic Chains To Further Its National Primary Care Expansion

Aug 20, 2021almost 4 years ago

Acquiring Company

CARBON HEALTH TECHNOLOGIES, INC.

Acquired Company

Two Clinic Chains

San Francisco

Description

Carbon Health, a leading omnichannel healthcare provider, announced today that it acquired two separate clinic chains: Southern Arizona Urgent Care’s nine clinics in Tucson, Arizona and Med7 Urgent Care’s four clinics in Sacramento, California, bringing its total to 83 clinics across 12 states. This acquisition underscores the company’s continued commitment to make high-quality care accessible to everyone in the U.S. and drives towards the goal of becoming the largest national healthcare provider, as outlined in its recent $350 million funding news.

Company Information

Company

CARBON HEALTH TECHNOLOGIES, INC.

Location

300 California Street, 7th Floor

San Francisco, California, United States

About

Carbon Health is a leading national healthcare provider with a mission to bring high-quality healthcare to everyone. Leveraging its unique technology platform, Carbon Health provides its patients with omnichannel care, designed to meet patients where they are by delivering care via a variety of access points, including in-person clinics, home-based care, hardware, on-site employer-based care, and virtually via the Carbon Health app. Carbon Health also provides value-based care to enterprise partners across a broad range of industries, including academia, sports, entertainment, biotechnology, and travel. Carbon Health is headquartered in San Francisco and provides both in-person and virtual care access to nearly two-thirds of the U.S. Founded in 2015, Carbon Health is backed by Blackstone, Dragoneer Investment Group, Brookfield Technology Partners (BTP), Fifth Wall, Lux Capital, Silver Lake Waterman, DCVC, and Builders VC. To access Carbon Health, download the app (iTunes or Google Play) or visit carbonhealth.com.

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed

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