What You Should Know:
– Labcorp has announced the acquisition of femtech startup Ovia Health, a digital health platform used by millions of women seeking information and support with family planning, pregnancy, and parenting. Financial details of the acquisition were not disclosed.
– The acquisition extends Labcorp’s position as a leading, go-to source for women’s health insights, opens new avenues for personalized care experiences, and fosters better dialogue between health care providers and their patients.
– Ovia Health, one of the first “femtech” companies, has supported more than 15 million family journeys through its suite of interactive, experience-focused platforms. The company has about $20 million in annual revenues and maintains key partnerships with leading universities and research groups, generating a wealth of personal health data and patient insights. Additionally, Ovia Health furnishes numerous employers and health plans with valuable clinical, health, and wellness programs to enhance their existing offerings.