Cityblock agrees to acquire Homeward, alongside a $116 million Series E led by General Catalyst

Toyin Ajayi, CEO and co-founder of Echo portfolio company Cityblock Health, today announced that Cityblock has signed a definitive agreement to acquire Homeward Health in an all-stock transaction, alongside a $116 million Series E led by General Catalyst.

Ajayi writes:

We're doing this from a position of real momentum: we now serve almost 200,000 members across the country, and our annualized revenue is $2.2 billion-up 77% year-over-year, and more than 4x what it was at our last fundraise in 2021. We are positioned to be the leading outcomes-based provider platform serving government programs: caring for populations who are covered by Medicare, Medicaid or both-and in particular those with the most complex and difficult-to-manage needs. That's the position we've spent almost a decade building toward, and we certainly don't intend to slow down now.

Read more about the exciting news in Ajayi's full blog post.