direct primary care provider Everside Health and employer provider Marathon Health are merging to leverage a value-based care model to provide primary care for patients, employees and union-sponsored customers.
Everside works with employers and labor unions to provide health care directly to employees, bypassing insurance intermediaries. This includes health centers and virtual care, providing primary care, chronic disease management, mental health services, urgent care, occupational health and care coordination.
Marathon Health is An employer-sponsored primary care company that provides on-site employee-based care services and 24/7 virtual care services. The company also offers care navigation resources and a comprehensive care team.
The combined organization will operate under the Marathon Health brand name and will provide primary care, occupational health, mental health, pharmacy and musculoskeletal services to 630 customers, the company announced. 680 health centers in 41 states and virtually all 50 states will serve 2.5 million patients.
Marathon Health CEO Dr. Jeff Wells and Executive Chairman Ben Evans will continue in their existing roles.
Everside Health CEO Chris Miller will step down, but will remain a shareholder in the combined business.
The merger is expected to close within the next 12 months, and existing shareholders General Atlantic, New Enterprise Associates and Oak HC/FT will support the combined entity.
“The combination of Marathon Health and Everside Health will leave us better equipped to create a primary care model designed with patient experience and outcomes in mind,” Wells said in a statement. “There will be a stronger unified organization.”
“I am honored to join my wonderful colleagues in leading the newly combined Marathon Health Company, as our mission to help millions of people live their healthiest lives has never been more important. Our track record reflects our success in earning the trust and loyalty of our clients, our patients, and our communities across the country. ”
everside, Formerly Paladina Healthsold to NEA Acquired from dialysis company DaVita for $100 million NEA also announced in 2018 that Raised $165 million for the company that year.
In 2022, Everside scored. $164 million in growth equity investments.
Direct primary care companies have made several acquisitions. Purchase Activate Healthcare In 2019, we provided preventive and primary care services to employers and unions.
In 2020, Marathon Health merged with OurHealth, a company that provides on-site and near-facility health centers to employers. Two years later, the company went through a “restructuring” and cut 94 jobs, or about 6% of its workforce.
Last year, the Indianapolis-based company Acquired Cerner Workforce Health SolutionsCreated by Cerner Corp. With the addition of Cerner WHS clients, members, care teams and stakeholders, Marathon has expanded its value-based care population health management footprint to 15 states.
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