Kinnevik Results Presentation Deck

KINNEVIK HAS INVESTED USD 25M INTO CITYBLOCK, A VALUE-BASED CARE PROVIDER FOCUSED ON COMPLEX, UNDERSERVED POPULATIONS IN THE US Description Case Validity Strategic Fit ■ CITYBLOCK Investment Overview Cityblock is a US value-based healthcare provider focused on underserved populations with complex care needs The company provides Medicaid and Dual Eligible beneficiaries access to high-value, readily available, personalized health services by applying leading-edge care models and technology that fully integrate primary care, behavioural health, and social services In government-sponsored programs in the US, complex managed care represents 10% of the managed care population but drives 60% of managed care costs. Traditional care models underserve these patients, creating large acute care costs and losses for insurers ▪ Cityblock partners with insurance companies and carves high-risk, complex members out of the risk pool. Equipped with custom-built technology, Cityblock delivers better outcomes for these complex populations, while generating cost reductions and participating in the upside under value-based contracts ▪ The company's care model is community-based and uniquely focused on combining medical care with behavioural and social care as often large acute care costs are the result of several of these issues rather than medical conditions in isolation Cityblock is a good complement to our existing healthcare portfolio, serving a population that accounts for a large share of costs in the healthcare system, and is in line with our strategic focus to increase the share of early growth companies in our portfolio Kinnevik's prior investments in healthcare, particularly VillageMD, has provided us with the insight and understanding of the risk-bearing model to invest in Cityblock, which has the capacity to address large populations in another reimbursement channel Health is local. CITYBLOCK U YBOCZ 6 KINNEVIK

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