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Your Office Doctor Is Getting a Big Push From Private Investors

  • NEA, Carlyle pour money into workplace primary-care clinics
  • Cheapest doctors can have big impact on health-care spending
healthcare health
Photographer: Kholood Eid/Bloomberg

A group of investors is putting up $165 million to fuel an expansion of Paladina Health, bringing a recent surge of private funds flowing into companies that run primary-care clinics to more than a half-billion dollars.

The venture capital firm New Enterprise Associates is leading the investment after acquiring Paladina for a reported $100 million earlier this year from dialysis provider DaVita Inc. Paladina, which runs medical clinics for employers, plans to use the money to build new clinics and acquire other firms.