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Eucalyptus: The Unbundled Hospital
How a 738-person healthcare company built a $234M business without venture capital
While Silicon Valley chases AI hype, Eucalyptus quietly built a $234M healthcare empire by doing the opposite of what most startups do: they focused on boring, high-touch operations instead of flashy tech.
"Eucalyptus isn't a tech company pretending to be healthcare—they're a healthcare company that happens to use technology."
The Unbundled Hospital Model
Eucalyptus doesn't just build apps—they vertically integrate the entire patient journey. From the moment you click their website to receiving care, they control the entire stack. This isn't the typical 'platform' model that connects disparate providers; it's the opposite. They own the clinics, the doctors, the software, and the patient relationship. At 738 employees, they're essentially a mid-sized hospital system that operates like a tech startup.
Revenue Without the VC Hamster Wheel
Here's the provocative part: Eucalyptus has achieved $234.5M in revenue with ZERO disclosed venture funding. While their peers chase valuation multiples and burn millions on customer acquisition, Eucalyptus appears to be building sustainably. Their LinkedIn shows 738 employees—a ratio of $317K revenue per employee that suggests operational efficiency, not growth-at-all-costs.
The company's tech stack reveals their priorities: jQuery, Swiper, GSAP, Tailwind CSS, Bootstrap. These aren't the bleeding-edge frameworks you'd expect from a 'digital healthcare' startup. Instead, they're battle-tested tools that prioritize reliability over innovation. Even their use of Cloudflare and Google Analytics suggests they're optimizing for uptime and data-driven decisions, not flashy features.
- Vertical integration over platform plays
- Operational efficiency over growth hacking
- Sustainable revenue over VC funding
- High-touch care over pure automation
- Global reach with local presence
The Future of Healthcare is Boring
Eucalyptus proves that sustainable healthcare businesses don't need to be sexy—they just need to work.
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Eucalyptus | Digital Healthcare That Puts Patients First
Eucalyptus or 'Euc' for short, delivers high-touch, high-quality healthcare to patients around the world who want to live better, for longer.
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About eucalyptus.vc
Eucalyptus or 'Euc' for short, delivers high-touch, high-quality healthcare to patients around the world who want to live better, for longer.
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eucalyptus.vc uses 15 technologies across their website including Adobe Fonts, cdnjs, jsDelivr, AWS CloudFront, Cloudflare, and more.
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cdnjs, jsDelivr
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eucalyptus.vc receives approximately 0 monthly visitors. The website has a bounce rate of 0% with visitors viewing an average of 0.0 pages per visit. Users spend an average of 0:00 on the site.
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