NOVATO, CA — April 29, 2020 – Babylon, the leading digital-first value-based care company with the mission to put accessible and affordable healthcare in the hands of every person on Earth, today announced the acquisition of Meritage Medical Network (Meritage) through its affiliated California medical corporation to care for over 20,000 Medicare Advantage and Commercial HMO patients with its Babylon 360 healthcare service. This investment establishes the company’s position as the leader in digital-first, value-based care as it picks up speed in its rapid expansion across the United States.
Babylon will acquire Meritage’s management service functionalities, which include services such as care management, claims processing, medical management, and population health programs, and Meritage Health Plan, a subsidiary of Meritage that holds a Restricted Knox Keene license. Meritage’s expertise in managing the total cost of care coupled with Babylon’s digital-first care capabilities will allow for streamlined physician operations and more efficient end-to-end care delivery within Meritage’s network, freeing providers up so they can focus on proactively managing patient care. Today’s announcement follows Babylon’s recent investment in FirstChoice Medical Group, another California-based Independent Physician Association.
Dr. Ali Parsa, CEO, Babylon, said:
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“In less than a year, Babylon has gone from being unknown in the US to today managing the total cost of care for up to 90,000 lives. That is why we are thrilled to be partnering with the incredible providers under Meritage Medical Network, as it allows us to bring the benefits of our Babylon 360 healthcare service to thousands more people across California and the US. We believe that people deserve a simpler, more affordable way of accessing quality care, and we aim to empower each person to take control of their healthcare journey with our easy to use digital-first tools.”
Meritage patients will join the 50,000 other Californians who were under the FirstChoice Medical umbrella to have round-the-clock access to app-based care tools powered by Babylon 360 – Babylon’s whole-person, digital-first integrated care offering built to keep people healthy when well and to care for them when sick. The Babylon 360 service and app-based care tools are available to members at no additional charge. Babylon will continue to roll out its Babylon 360 care offering across the US using the company’s powerful 50-state network.