Everside Health
The business, the turning points, and the decisions behind them.
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Sections to complete：02 · 05
01 / WHAT IT BUILT
What the company did
Everside Health (formerly Paladina Health) was a Denver-based direct primary care provider serving employers, unions, and benefit sponsors. It ran more than 385 health centers in 34 states, located at or near work sites, integrating primary, mental, and occupational healthcare with virtual care nationwide, aiming to reduce emergency-room visits and lower total cost of care through a patient-centered, value-based model.
02 / FAILURE REASONS
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03 / EVENT HISTORY
Events in the structured record
- Founded
Everside Health was founded in Denver, Colorado as a direct primary care provider.
- Acquired by NEA
DaVita sold the company (then Paladina Health) to NEA for $100 million; NEA also led a $165 million raise the same year.
- IPO plans scrapped
The company filed to go public but withdrew its plans, citing market conditions.
- Growth equity
Everside Health raised $164 million in growth equity funding.
- Merged with Marathon Health
Everside Health merged with Marathon Health on February 8, 2024, operating under the Marathon Health name with about 680 care sites serving 2.5 million patients; CEO Chris Miller departed.
04 / CONTEMPORARY REBUILD ASSESSMENT
Difficulty of rebuilding this project today
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Overall assessment: Not completed
05 / CAUSAL CHAIN / AFTERMATH
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