SAN FRANCISCO–(BUSINESS WIRE)–Carbon Health, a leading omnichannel healthcare provider, announced that it has acquired Central Jersey Urgent Care, a chain of 10 clinics across central New Jersey, bringing its total to over 90 clinics across 14 states. As Carbon Health’s first entry into the Tri-State region, the acquisition highlights the company’s continued investment in making its differentiated healthcare accessible to more people across the country.
“New Jersey ranks fourth in the nation in providing the highest quality care for its citizens, and we’d like to build on that with our innovative, vertically integrated healthcare offering that creates a better experience for both patients and providers,” said Eren Bali, co-founder and CEO of Carbon Health. “In addition to our shared mission to improve these experiences and make healthcare more accessible, we were also drawn to Central Jersey Urgent Care’s incredible team of providers. With their partnership, we look forward to bringing good health to the central New Jersey community.”
Carbon Health’s omnichannel care model is designed to meet patients wherever they are, via multiple access points: in-person clinics, home-based virtual care, and easy-to-use consumer health tools. By partnering with and acquiring local healthcare practices, Carbon Health gains a deeper understanding of the local community in order to best meet its needs and deliver the right level of care.
“Carbon Health is a leader in providing compassionate care across the country,” said Dr. Markintosh Barthelemy, founding partner and Chief Executive Officer of CJUC. “By partnering with Carbon Health and incorporating their technology platform, our clinicians will spend less time managing administrative work, more time supporting our community and ultimately lower the cost of care for our patients.”
“As a provider, we look forward to transitioning to the Carbon Health platform,” said Dr. Chirag Patel, Chief Medical Officer at CJUC. “Carbon Health’s proprietary electronic medical record will allow us to continue to deliver high-end care, improve our operations, speed and efficiency.”
To learn more and to try Carbon Health, visit carbonhealth.com. For those interested in partnering with/selling to Carbon Health, please email David Han at corporatedevelopment@carbonhealth.com.
About Carbon Health
Carbon Health is a leading national healthcare provider with a mission to bring high-quality healthcare to everyone. Carbon Health provides primary and urgent care that is accessible to nearly two-thirds of the U.S. Leveraging its unique technology platform, Carbon Health provides its patients with omnichannel care, designed to meet patients where they are by delivering care via a variety of access points, including in-person clinics, home-based care, hardware, on-site employer-based care, and virtually via the Carbon Health app. Carbon Health also provides value-based care to enterprise partners across a broad range of industries, including academia, sports, entertainment, biotechnology, and travel.
Founded in 2015, Carbon Health is headquartered in San Francisco and backed by Atreides, Blackstone Horizon, Dragoneer Investment Group, Brookfield Technology Partners (BTP), Fifth Wall, Lux Capital, Silver Lake Waterman, DCVC, and Builders VC. To access Carbon Health, download the app (iTunes or Google Play) or visit carbonhealth.com.
The M&A market for healthcare companies continues to strengthen in 2021 and ahead of the projected increases in US capital gains taxes. There is unprecedented capital in market, the lowest interest rates in US history and strong acquirer motivations for high quality healthcare companies. Across the continuum of care, buyers and investors are looking for well established, profitable businesses and offering strong valuations and options for management.
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