Private investment in primary care, onsite clinics surging
Investors are focusing on primary care for its potential to help limit costs and restructure care in other parts of the $3.5 trillion U.S. health system.
By Zachary Tracer|August 24, 2018 at 10:59 AM
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A group of investors is putting up $165 million to fuel an expansion of Paladina Health, bringing a recent surge of private funds flowing into companies that run primary-care clinics to more than a half-billion dollars.
The venture capital firm New Enterprise Associates is leading the investment after acquiring Paladina for a reported $100 million earlier this year from dialysis provider DaVita Inc. Paladina, which runs medical clinics for employers, plans to use the money to build new clinics and acquire other firms.
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