Friday, 3 January 2020

Alphabet-backed primary care startup One Medical files to go public

Alphabet-backed primary care startup One Medical files to go publicOne Medical, a San Francisco-based primary care startup with tech-infused, concierge services filed for an IPO with the Securities and Exchange Commission today. Internal medicine doctor Tom Lee founded the startup, now valued at well-over $1 billion dollars, in 2007. The startup currently operates 72 health clinics in nine major cities throughout the U.S., with three more markets expected to open in 2020 and has raised just over $500 in venture capital from it's biggest investor, the Carlyle Group (which owns just over a quarter of shares), Alphabet's GV, J.P. Morgan and others.




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