Babylon today announced that it intends to divest Meritage Medical Network, a network of approximately 1,800 physicians providing physical care in California with over $400 million in estimated 2022 revenue, in order to focus on its core business model through further investment in its digital-first contracts.
Meritage provides physical care for almost 90,000 members and more than a dozen insurers across six counties in Northern and Central California. Unlike Babylon’s digital-first, value-based care contracts, Meritage delivers care through its network of independent physicians. Read more.
