Primary care startup One Medical saw a bigger net loss in its first earnings report since it went public. The company is making efforts to rein in costs in light of the pandemic, including delaying new office openings.
One Medical began trading on Nasdaq on Friday. The primary care startup priced its IPO at $14 per share, for roughly $245 million.
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The concierge-like primary care startup is valued at more than $1 billion, with backers including Google Ventures.
In a phone interview, One Medical CTO Kimber Lockhart talked about how the company has developed its own EHR and mobile app.
According to a 2017 employer survey, a third of companies with more than 5,000 employees now offer general medical clinics at their work sites.
Two year-old startup Rise finds exit in the form of a $20 million acquisition by One Medical.
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