direct primary care provider Everside Health and employer health provider Marathon Health are merging to provide primary care services to patients, employees and union-sponsored clients using a value-based care model.
Everside works with employers and unions to deliver health care directly to employees, eliminating the need for an insurance company middleman. It includes health centers and virtual care and provides primary care, chronic disease management, mental health services, urgent care, occupational health and care coordination.
Marathon health is a Employer-sponsored primary care company that provides on-site care services where employees work and 24/7 virtual care services. The company also provides care navigation resources and comprehensive care teams.
The combined entity will operate under the Marathon Health brand and said it will provide primary care, occupational health, mental health, pharmacy and musculoskeletal services to 630 clients. The company said the service will reach 2.5 million patients at 680 medical centers in 41 states and nearly all 50 states.
Marathon Health’s CEO, Dr. Jeff Wells, and executive chairman, Ben Evans, will continue in their current roles.
Everside Health CEO Chris Miller will leave the company but will remain a shareholder in the combined company.
The merger will be completed within the next 12 months, with existing shareholders General Atlantic, New Enterprise Associates and Oak HC/FT supporting the combined entity.
“The combination of Marathon Health and Everside Health will create a stronger combined organization even better equipped to build a primary care model designed with patient experience and outcomes in mind,” Wells said in a statement.
“Along with my incredible colleagues, I am honored to lead the newly combined Marathon Health as our mission to empower millions of people to live their healthiest lives has never been more important. Our track record reflects Our success in earning the trust and loyalty of our patients and communities nationwide.”
Everside, Formerly known as Paladina Health, it was sold to NEA in 2018 by dialysis company DaVita for $100 million. NEA also led a $165 million financing round for the company that year.
Everside goals in 2022 $164 million in growth equity financing.
The direct primary care company has made several acquisitions, including its Acquired Activate Healthcare in 2019, which provides preventive and primary care services to employers and unions.
it buys another It acquired direct provider Healthstat in 2020 and announced an agreement to acquire R-Health in 2021.
Everside announced The company planned to go public in 2021, but shortly after, it sent a letter to the Securities and Exchange Commission canceling its plans “due to market conditions.”
In 2020, Marathon Health merged with OurHealth, a company that provides employers with on-site and nearby health centers. Two years later, the company “restructured” and laid off 94 people, about 6% of its workforce.
Last year, the Indianapolis-based company Acquired Cerner Workforce Health Solutions, created by Cerner Corp. Marathon expands its value-based care population health management footprint in 15 states with the addition of Cerner WHS customers, members, care teams and associates.
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