Fierce Healthcare October 8, 2019
Primary care organization One Medical has hired banks including JPMorgan and Morgan Stanley in preparation for an initial public offering, CNBC reports.
The company, which was valued at about $1.5 billion in a financing round last year, is expected to file its prospectus by the first quarter of 2020 and possibly sooner, CNBC reported, citing people familiar with the matter who asked not to be named because the plans are confidential.
A spokeswoman for One Medical declined to comment.
Backed by Google parent company Alphabet, San Francisco-based One Medical operates 72 primary care practices in nine major U.S. cities. The company aims to provide a more modern healthcare experience by offering 24/7 virtual care, same-day appointments, a mobile app for...
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