About CityMD
CityMD is a company based in New York (United States) founded in 2010 by Richard Park was acquired by Warburg Pincus in April 2017.. CityMD has completed 3 acquisitions, including Stat Health, Summit CityMD and Urgent Care Now. CityMD offers products and services including Virtual Care, In-person Urgent Care, X-rays and Lab Tests, and Vaccinations. CityMD operates in a competitive market with competitors including Oak Street Health, Everside Health, Premise Health, NextCare and Kelsey-Seybold Clinic, among others.
- Headquarter New York, United States
- Founders Richard Park
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Sectors
Healthcare
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Summit City Md
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
$255 M (USD), Debt – Conventional
Jun 01, 2017
- Investors
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Employee Count
Employee Count
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Investments & Acquisitions
Stat Health
& 2 more
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Acquired by
Warburg Pincus
(Apr 18, 2017)
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Products & Services of CityMD
CityMD offers a comprehensive portfolio of products and services, including Virtual Care, In-person Urgent Care, X-rays and Lab Tests, and Vaccinations. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Remote consultations for urgent medical needs via app or web
Treatment for injuries and illnesses at physical locations
On-site testing for various health conditions and screenings
Immunization services for pediatric and adult patients
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Funding Insights of CityMD
- Total Funding Total Funding
- Total Rounds 1
- Last Round Debt – Conventional — $255.0M
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First Round
First Round
(01 Jun 2017)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2017 | Amount | Debt – Conventional - CityMD | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in CityMD
CityMD has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Warburg Pincus. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Multi-stage private equity investments are pursued across diverse sectors.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by CityMD
CityMD has strategically engaged in corporate development activities, having acquired 3 companies. Notable acquisitions include Stat Health, Summit CityMD and Urgent Care Now. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Chain of general clinics
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2019 | ||||
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Chain of general clinics
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2005 | ||||
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Chain of urgent care clinics
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2005 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - CityMD
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Citymd Comparisons
Competitors of CityMD
CityMD operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Oak Street Health, Everside Health, Premise Health, NextCare and Kelsey-Seybold Clinic, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Senior primary care services are provided for adults over 65.
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| domain | founded_year | HQ Location |
Chain of general clinics
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| domain | founded_year | HQ Location |
A chain of general clinics is operated by Premise Health.
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| domain | founded_year | HQ Location |
Chain of urgent care clinics
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| domain | founded_year | HQ Location |
Chain of general clinics
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Citymd
Frequently Asked Questions about CityMD
When was CityMD founded?
CityMD was founded in 2010 and raised its 1st funding round 7 years after it was founded.
Where is CityMD located?
CityMD is headquartered in New York, United States. It is registered at New York, New York, United States.
Who is the current CEO of CityMD?
Richard Park is the current CEO of CityMD. They have also founded this company.
What does CityMD do?
CityMD was established in 2010 in New York, United States, with Richard Park serving as founder and CEO. A network of general clinics is maintained, focusing on urgent care and primary medical services. Walk-in treatments, diagnostics, and minor procedures are provided to patients. Operations are concentrated in urban areas of the northeastern US, supporting accessible healthcare delivery in the sector.
Who are the top competitors of CityMD?
CityMD's top competitors include NextCare, Oak Street Health and Mayo Clinic.
What products or services does CityMD offer?
CityMD offers Virtual Care, In-person Urgent Care, X-rays and Lab Tests, and Vaccinations.
How many acquisitions has CityMD made?
CityMD has made 3 acquisitions, including Stat Health, Summit CityMD, and Urgent Care Now.
Who are CityMD's investors?
CityMD has 1 investor. Key investors include Warburg Pincus.
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