Andy Slavitt will lead Cityblock Well being on an interim foundation whereas the startup’s CEO and co-founder Iyah Romm takes a go away of absence.
Romm on LinkedIn posted a message he shared with employees Tuesday, outlining a short lived management plan whereas he goes on go away to concentrate on his psychological well being for six months.
“Constructing Cityblock with you all is among the best joys of my life,” Romm wrote in his letter to staff. “However with a view to proceed to construct our firm for scale and for impression, now could be the time for me to get wholesome, for myself, for my household, my group, and for Cityblock and the members we serve.”
Romm’s go away begins Friday and can finish in Could.
Throughout that point, Cityblock might be led by an workplace of the CEO composed of the startup’s president, chief working officer and different members of the chief management staff.
The workplace might be led by Slavitt, who chairs Cityblock’s board. Slavitt, a former administrator of the Facilities for Medicare and Medicaid Companies, additionally co-leads City Corridor Ventures, a venture-capital firm he co-founded in 2018 to put money into healthcare expertise and repair corporations that ship care to low-income and high-needs populations.
City Corridor Ventures is an investor in Cityblock.
“I will not be lively on social media over the following few months, however simply know that I recognize your whole assist and properly needs,” Romm wrote on LinkedIn. “Let’s make certain that the grace being proven to me at my time of development, therapeutic and reflection extends to these extra susceptible members of our communities.”
Romm based Cityblock as an entrepreneur in residence at Sidewalk Labs, an Alphabet subsidiary and Google sister firm that builds and invests in “city innovation” corporations—corporations that tackle challenges like transportation and infrastructure that cities across the U.S. are dealing with.
Cityblock, which spun out from Sidewalk Labs in 2017, describes itself as a “value-based supplier.” It contracts with well being insurers to offer providers to low-income and different underserved members that improves well being and lowers the price of care, similar to by means of higher coordinated medical care, entry to behavioral healthcare and addressing social determinants.
Cityblock has raised roughly $892 million in venture-capital funding since 2017, in line with information from Trendy Healthcare’s Digital Health Business & Technology. The startup raised the fourth largest funding spherical thus far this yr—a $400 million Sequence D spherical it introduced in September. That is on prime of $192 million that it raised earlier this yr.
