Carbon Health, which operates clinics in San Francisco, the Peninsula, East Bay, North Bay and San Jose area, is changing its focus.
Carbon Health, a San Francisco-based chain of primary health care clinics that has raised more than a half-billion dollars since its founding more than seven years ago, is cutting more than 200 jobs and shedding major programs to focus on primary care and urgent care.
"The current market conditions force us to be more diligent, focused and patient," co-founder and CEOsaid in a tweet Friday afternoon."We're sad to see our colleagues go, but I couldn't be more proud of what we achieved together." The company, which Axios reported last month was interested in licensing its electronic health record market to medical practices nationwide, plans an"unwinding" of major projects in public health, remote patient monitoring, hardware and chronic care, Bali said.The moves come against the backdrop of hefty changes in the health care industry, most notably Amazon.com Inc.'sof San Francisco-based 1Life Healthcare Inc.
Carbon Health operates nearly 100 primary care and urgent care sites in Arizona, Nevada, Colorado, Kansas, Florida, Massachusetts and California, including several in San Francisco, along the Peninsula, in the East Bay, North Bay and the San Jose area. It also offers virtual care services via smartphone, including mental health sessions.
The company's buildout of services has been a mix of organic growth and acquisitions. In 2021-22, it bought remote patient monitoring company Alertive Healthcare, virtual diabetes care clinic Steady Health and other clinics in New Jersey, Arizona and California, and last month it reportedly acquired Inofab Health, an Istanbul-based digital health platform for patients with asthma, chronic obstructive pulmonary disorder and cystic fibrosis.
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