Harbor Health raises $95 million for primary care in Texas
Harbor Health, an Austin, Texas-based primary and specialty clinic group, raised $95.5 million in new venture capital funding led by General Catalyst.
Why it matters: That's a lot of dough for a primary care business operating in one state, even if it quadrupled to eight locations last year, which suggests some synergies with General Catalyst's recent announcement that it will acquire a health system (i.e., hospital).
- Other investors include Alta Partners, 8VC, Health 2047 Capital Partners, Lemhi Ventures, and Martin Ventures.
The bottom line: General Catalyst must be careful if it does plan to integrate the health system with its primary care portfolio companies, given the Federal Trade Commission's recent crackdown on private equity-backed rollups in the health care sector.