Andy Slavitt will temporarily lead Cityblock Health while CEO and co-founder of the startup Oia Romm takes a leave of absence.
Romm posted on LinkedIn the message he shared with the staff On Tuesday, he lays out a temporary leadership plan while he goes on vacation to focus on his mental health for six months.
“Building Cityblock with you is one of the greatest joys in my life,” Romm wrote in his letter to employees. “But in order to continue building our company with the aim of increasing its scale and impact, now is the time for me to recover for myself, for my family, my community, and for Cityblock and the members we serve.”
Romm’s vacation starts on Friday and ends in May.
During this time, Cityblock will lead the CEO’s office, which is comprised of the startup president, chief operating officer, and other members of the executive leadership team.
The office will be chaired by Slavitt, Chairman of the Cityblock Board. Slavitt, a former administrator of the Centers for Medicare and Medicaid Services, is also a co-CEO of Town Hall Ventures, a venture capital firm he founded in 2018 to invest in medical technology and service companies that serve the poor and the wealthy. – the needs of the population.
Town Hall Ventures is a Cityblock investor.
“I won’t be active on social media for the next few months, but I just know I appreciate your support and best wishes,” Romm wrote on LinkedIn. “Let us be confident that the grace that I have during my growth, healing and reflection extends to the more vulnerable members of our communities.”
Romm founded Cityblock as an entrepreneur at Sidewalk Labs, a subsidiary of Alphabet and a subsidiary of Google, which builds and invests in “urban innovation” companies that address the transportation and infrastructure challenges faced by US cities.
Cityblock, which emerged from Sidewalk Labs in 2017, describes itself as a “value-based provider.” It contracts with health insurers to provide services to low-income members and other underserved members that improve health and lower the cost of care, for example, through more coordinated care, access to mental health care, and addressing social determinants.
Cityblock has raised about $ 892 million in venture funding since 2017, according to Modern Healthcare. Digital health, business and technology… The startup raised its fourth largest funding round this year, the $ 400 million Series D round it announced in September. That’s on top of the $ 192 million raised earlier this year.