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Oak Street Health Acquires Telehealth Company RubiconMD for $130 Million

Mercom Capital Group October 22, 2021

RubiconMD has raised over $40 million to date

Oak Street Health, a network of value-based primary care centers focused on the Medicare population, acquired RubiconMD, a provider of telehealth specialty consults to primary-care doctors, for $190 million.

RubiconMD, which provides a network of specialists providing care in cardiology, nephrology, and pulmonology, has raised over $40 million in funding to date. Investors include Deerfield Management Company. Existing investors Optum Ventures, HLM Venture Partners, Waterline Ventures, and Heritage Provider Network.

“Oak Street Health is on a mission to rebuild healthcare as it should be, which we are doing by focusing on preventive care and driving more resources...

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