Cityblock Health announced it will acquire rural healthcare provider Homeward Health and simultaneously raised $116 million in a Series E to expand its value-based care model. The combination targets rural and Medicare Advantage populations, an area where care delivery and reimbursement models are increasingly shaped by outcomes and risk adjustment. The deal underlines how digital-first and payer-aligned operators are consolidating provider access while scaling clinically integrated networks. For regional systems and post-acute partners, the Homeward platform could broaden referral and care-management capacity in underserved geographies. Cityblock’s funding provides near-term resources for scaling care operations and technology, positioning it to compete for additional value-based contracts where Medicare Advantage penetration and incentives for longitudinal care management remain key drivers.