One Medical Groups is Backed by $65M For Tech-enabled Healthcare

One Medical Group, an innovative tech-infused primary care medical group raised $65 million in capital this December.

The funding round was led by J.P. Morgan Asset Management (NYSE: JPM) on behalf of PEG Digital Growth Fund II LP and AARP Innovation Fund LP.

Some other unnamed current and new institutional investors and unnamed individual investors also participated in the round as per company press release.

The funding will be used to fuel “accelerated market expansion” according to the company announcement.

one-medical-groups-is-backed-by-65m-for-tech-enabled-healthcare

One Medical Group is a basic healthcare portal powered by state of the art technology whereby you can find a doctor who cares about you. It basically works on “No hassle, No stress” pattern. All you need to do is to select your location and see a doctor when and where you want.

One Medical Group’s last funding happened in the April of last year whereby it raised $40 million, giving it a then-total of nearly $117 million in funding after several earlier rounds.

With the recent funding, the total amount has reached to $172 million. Currently the company has 250 providers and is based San Francisco with doctors in 40 locations nationally, including outposts in Boston, Chicago, Los Angeles, New York, Phoenix, and Washington, D.C., plus 20 offices in the Bay Area (new sites in Oakland, San Jose and San Francisco’s Mission District are expected to open in coming months, bringing the local total to 23).

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