What You Should Know:
- Pyx Health, a tech-enabled services company that provides health plans and their members an innovative, scalable solution that uniquely reduces loneliness and social isolation, today announced a majority growth investment fromTT Capital Partners (TTCP).
- The company’s innovative app-based technology, paired with timely human interventions, improves patient and member outcomes in vulnerable populations, reduces financial burdens on the health care system, and promotes health equity.
Offering Evidence-Based, Data-Driven Solutions to Address Society’s Critical Loneliness Epidemic
Pyx Health was founded in 2017 and today serves more than 6 million covered lives, ages 13 to 102, in more than 70 markets across nearly 30 states. The company works with nearly all major payers, as well as government, employer and community health plans across the United States.
“Health plans are increasingly seeking ways to address loneliness and social determinants of health – and to manage costs for complex populations,” said Dawn Owens, TTCP Partner and CEO. “We have followed Pyx Health for several years and look forward to building upon our prior experience with businesses that address social determinants of health, improve health equity, and drive consumer engagement.”
Pyx Health Founder and CEO Cindy Jordan’s profound experience with her stepdaughter’s struggle with loneliness led her to create Pyx Health. TripleTree LLC served as exclusive financial advisor to Pyx Health. Weiss Brown PLLC and Brownstein Hyatt Farber Schreck LLP provided legal advice to Pyx Health; and Bass, Berry & Sims PLC served as legal advisor to TTCP. Financial terms of the transaction were not disclosed.
