CVS Health Ventures invests $100M in Carbon Health 

January 11, 2023 – Carbon Health, a hybrid healthcare company that combines expert care with proprietary technology for easy everyday health, announced today that it has received $100 million from CVS Health Ventures, CVS Health’s corporate venture capital platform, as part of an initial close of its Series D round. The funding enables the primary care provider to scale its Connective Care model into new geographies, sign new value-based care arrangements, and invest in technology as it aims to be a national leader in primary and urgent care. 

With more than 125 physical locations in 13 states, widespread virtual care coverage, and an average NPS of 85, Carbon Health is raising the standard of care for more than a million patients across the U.S. Where typical primary care is anchored in a visit, Carbon Health Connective Care blends easy-to-use software and expert care so every patient can establish a relationship with their own integrated team, monitor and manage their health on the go, and access in-person care when and where they need it. 

In addition to the investment, CVS Health will also pilot the Carbon Health operating model inside select existing CVS Health locations, leveraging the Carbon Health model and software to help power the patient experience for CVS consumers. 

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