Cityblock Health agreed to acquire Homeward Health as it raises $116 million in a Series E round to scale its value-based care model into rural and Medicare Advantage populations. The transaction is aimed at extending Cityblock’s capacity to deliver coordinated, risk-based care beyond its existing markets. The funding round gives Cityblock capital to expand care teams, services, and technology supporting its model. Homeward Health brings a rural healthcare provider footprint, which Cityblock framed as a route to reach beneficiaries who can be underserved by traditional referral-centric systems. For biotech-adjacent stakeholders, the deal is a reminder that payer-provider operating models increasingly shape adoption of therapeutics and care pathways—especially in high-cost chronic settings. Details on deal timing, economics, and integration were not provided in the excerpted report, but the combined move signals Cityblock’s push toward broader Medicare Advantage coverage.