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Buzzy primary care startup One Medical just filed to go public

Jan 4, 2020, 03:15 IST

Primary-care startup One Medical just filed to go public.

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On Friday, the company filed paperwork with the US Securities and Exchange Commission to go public, and plans to trade under the ticker "ONEM."

When One Medical opened for business in San Francisco in 2007, its goal was to upend the way people got medical care by making it easy and convenient to see a doctor. The company charges a $200 annual fee and bills your insurance.

Read more: I became a member of One Medical, a primary-care practice that charges a $200 annual fee and has plans to double over the next two years. Here's what it was like.

After a big infusion of capital in 2018, it's expecting to double the number of medical clinics it operates over the next two years.

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The company raised $220 million in funding in a 2018 round led by The Carlyle Group. In total, the company's raised $408 million and has a private valuation of $1.5 billion, according to PitchBook.

This story is developing.

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