Home Health JP Morgan invests $20M in digital health company

JP Morgan invests $20M in digital health company


Morgan Health will invest $20 million in digital health firm LetsGetChecked, the companies announced Thursday.

LetsGetChecked offers at-home to diagnostic and genetic testing, virtual appointments, and prescription drug delivery. 

This deal is part of Morgan Health’s plan to devote $250 million to the healthcare space. The unit has invested $105 million to date into companies such as Vera Whole Health, Centivo and Embold Health. The investment bank launched Morgan Health last year following the dissolution of Haven, JP Morgan Chase’s joint healthcare venture with Amazon and Berkshire Hathaway.

LetsGetChecked has provided more than 10 million tests and partnered with more 300 U.S. and European companies since its founding 2015, according to the company. Although its testing operations benefited from COVID-19 pandemic, LetsGetChecked laid off an undisclosed number of workers this summer.

“Timely access to clinical testing has a critical role in improving employee health,” Morgan Health CEO Dan Mendelson said in a news release. “LetsGetChecked is designed to serve and meet employees wherever they are, and most importantly, in the convenience and ease of their home to make sure that they get the care they need.”  Robin Leopold, executive vice president and head of human resources for JPMorgan Chase, will join LetsGetChecked’s board, according to the news release.



Source link

RELATED ARTICLES

Neos Networks named supplier on G-Cloud 13 framework

London, UK, 31 January: Neos Networks, one of the UK’s leading fibre connectivity suppliers, has been named as a supplier...

GigaOm Names CloudCasa by Catalogic a Leader and Outperformer in its Radar for Kubernetes Data Protection Report

CloudCasa makes its entry into the leader circle for those buyers seeking a SaaS solution with a “great user experience”Woodcliff...

Freshwave and Midland Metropolitan University Hospital teaming up to build world class mobile network

Freshwave chosen to provide mobile network to new hospital – bringing on board all four operators throughout the new hospital World...

Most Popular

Neos Networks named supplier on G-Cloud 13 framework

London, UK, 31 January: Neos Networks, one of the UK’s leading fibre connectivity suppliers, has been named as a supplier...

GigaOm Names CloudCasa by Catalogic a Leader and Outperformer in its Radar for Kubernetes Data Protection Report

CloudCasa makes its entry into the leader circle for those buyers seeking a SaaS solution with a “great user experience”Woodcliff...

Freshwave and Midland Metropolitan University Hospital teaming up to build world class mobile network

Freshwave chosen to provide mobile network to new hospital – bringing on board all four operators throughout the new hospital World...

Corruption jeopardizes implementation of sustainable policies in OECD and EU countries

Recent findings from the Bertelsmann Stiftung's Sustainable Governance Indicators (SGI) show 14 out of 41 OECD and EU countries faltering...

Recent Comments