Centivo buys Eden Health to expand its primary care plans to more employers

Steven Loeb · May 20, 2024 · Short URL: https://vator.tv/n/5895

Eden Health connects patients to a provider team to manage their primary and mental health care

Eden Health is a national virtual and in-person primary care provider that leverages technology to connect patients directly to a dedicated team of providers that manages their primary care, mental health, and care navigation needs. 

Now the company and its technology will be leveraged by Centivo, a health plan for self-funded employers, which announced its acquisition of the company on Monday. No financial terms were disclosed.

First launched in 2016, the New York City-based Eden Health works with employers to provide their employees with access to virtual care services. Every member is matched with a dedicated Care Team, which is composed of clinicians who can offer digital care around the clock, same-day in-person primary care, behavioral health services and benefits navigation.

For employees who have access to Eden, they simply need to download the app on their phone, which only takes 60 seconds to register with and then they're put into a clinical encounter with one of Eden's providers right away. 

The company has raised $99 million in venture funding from investors that includes Flare Capital Partners, Stone Point Capital, Greycroft, PJC, Max Ventures, and Aspect Ventures.

Centivo, meanwhile, was founded in 2017 with the mission of bringing affordable, high-quality healthcare to millions of workers who struggle to pay their medical bills. The company, which  partners with local health systems, offers a primary care-centered health plan that acts as a replacement to traditional health insurance carriers for employers. 

So far, Centinvo has been able to lower the total cost of care by 30% or more for its employer clients.

By acquiring Eden Health, Centivo said it plans to scale its primary care-centered health plans to more working families and employers nationwide; it will now serve more than 160 employers, ranging from Fortune 100 companies to small businesses, with market reach in all 50 states.

Going forward, Eden Health’s clinical services will be fully integrated into Centivo, enhancing the company’s virtual advanced primary care practice, while broadening its clinical services to include mental health care, urgent care, and workplace pop-up clinics. In addition, Eden Health’s technology, which interweaves its clinicians’ Electronic Medical Records system with its member app, will also be integrated into Centivo.

"We are witnessing primary care access problems unlike anything we’ve experienced in our lifetimes. Our system is plagued by chronic shortages in primary care access due to decades of under-investment and misaligned incentives,” Ashok Subramanian, founder and CEO of Centivo said in a statement.

“Our partnership with Eden Health – and its cutting-edge, technology-centered capabilities in primary care, mental health and urgent care – aligns seamlessly with Centivo’s mission to achieve radical affordability and enhanced patient access for American workers.”

(Image source: edenhealth.com)

Support VatorNews by Donating

Read more from our "Trends and news" series

More episodes