OurHealth Details Big Funding, Job Plans
OurHealth's network of MyClinic locations could grow as a result of a $37 million round of funding.
Subscriber Benefit
As a subscriber you can listen to articles at work, in the car, or while you work out. Subscribe NowIndianapolis-based OurHealth says a $37 million round of funding will grow its national footprint and create nearly 500 jobs over the next five years. The employer-based on-site and near-site clinic provider received financing from White Oak Healthcare Finance LLC and other private investors. OurHealth says it plans to expand its MyClinic network into eight additional markets and open 11 new MyClinics in existing markets Indianapolis and Charlotte.
In an interview with Inside INdiana Business, Chief Executive Officer Ben Evans says the company has attracted a lot of attention from investment firms throughout the country. "In health care, there are very few opportunities to improve access to care, get people, healthier and happier and generate an ROI in the process," he says "and we accomplish all three of those."
The company, which currently employs 295, has a client portfolio that includes Hoosier companies like Merrillville-based Centier Bank, CNO Financial Group Inc. (NYSE: CNO) in Carmel and Indianapolis-based OneAmerica Financial Partners Inc. OurHealth is again reporting year-over-year, double-digit growth and Evans says "we’re thrilled about the raise and feel lucky to have found such a great strategic partner in White Oak. Our mission is to radically improve the healthcare experience through greater access, reduced costs for employees and employers and make a meaningful impact on people’s health."
OurHealth plans to also use the infusion to boost sales, marketing, technology and data security functions, as well as launching what it says will be a direct-to-consumer healthcare experience. It currently partners with businesses to offer primary and urgent care, wellness, laboratory, medication dispensing and referral services for patients in Indiana, North Carolina, Illinois, Pennsylvania and Tennessee.
In an interview with Inside INdiana Business, Chief Executive Officer Ben Evans says the company has attracted a lot of attention from investment firms throughout the country.