CVS Invests $100 Million in Carbon Health

<p><strong>SAN FRANCISCO<&sol;strong> &&num;8212&semi; Carbon Health&comma; a healthcare company that combines expert care with proprietary technology for easy everyday health&comma;has received &dollar;100 million from CVS Health Ventures&comma; CVS Health’s corporate venture capital platform&comma; as part of an initial close of its Series D round&period; The funding allows the primary care provider to scale its Connective Care model into new geographies&comma; sign new value-based care arrangements&comma;<i> <&sol;i>and invest in technology as it aims to be a national leader in primary and urgent care&period;<&sol;p>&NewLine;<p>With more than 125 physical locations in 13 states&comma; widespread virtual care coverage&comma; and an average NPS of 85&comma; Carbon Health is raising the standard of care for more than a million patients across the U&period;S&period; Where typical primary care is anchored in a visit&comma; Carbon Health <i>Connective Care<&sol;i> blends easy-to-use software and expert care so every patient can establish a relationship with their own integrated team&comma; monitor and manage their health on the go&comma; and access in-person care when and where they need it&period;<&sol;p>&NewLine;<p>In addition to the investment&comma; CVS Health will also pilot the Carbon Health operating model inside select existing CVS Health locations&comma; leveraging the Carbon Health model and software to help power the patient experience for CVS consumers&period;<&sol;p>&NewLine;<p>&OpenCurlyDoubleQuote;While healthcare has evolved tremendously over the past few years&comma; there are still many ways in which care delivery and quality have not&period; We&&num;8217&semi;re focusing on everyday touchpoints with an integrated care team to help patients achieve better health outcomes – because healthcare is not just what happens during a visit but also what happens in between&comma;” said Eren Bali&comma; CEO and co-founder of Carbon Health&period; &OpenCurlyDoubleQuote;Now&comma; with the support of CVS Health&comma; we can further accelerate our goal of designing healthcare as it should be – simple&comma; flexible&comma; and personal&period;”<&sol;p>&NewLine;<p>&OpenCurlyDoubleQuote;Our investment in Carbon Health is another important step toward our vision of becoming the leading health solutions company for consumers&comma;” said Vijay Patel&comma; Managing Partner and co-founder of CVS Health Ventures&period; &OpenCurlyDoubleQuote;This pilot will allow us to explore Carbon Health’s potential to advance the retail health experience&comma; connecting consumers to care where and when they need it with a simple and engaging user-driven experience that can be adapted and delivered across our platform&period;”<&sol;p>&NewLine;

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