Startup Carbon Health is partnering with CVS Health to pilot its primary and urgent care clinic model in the drugstore giant’s retail stores.
CVS’ corporate venture arm also led a $100 million investment to accelerate Carbon Health’s expansion into new markets, Fierce Healthcare reports. The series D round will fuel Carbon Health’s investment in technology and ramp up new value-based care arrangements.
The announcement of the partnership and three-figure funding round comes just days after Carbon Health executives announced a second round of layoffs. The company is reducing its head count by more than 200 employees and plans to narrow its focus on its core primary care and urgent care service, CEO Eren Bali said on social media Friday. Read more.
