What You Should Know:
Morgan Health, the JPMorgan Chase & Co. business unit announced a $25M investment in Kindbody, a fertility clinic network and global family-building benefits provider for employers offering the full-spectrum of reproductive care from preconception to postpartum through menopause.
Kindbody is a technology-driven fertility clinic network and family-building benefits provider for employers offering virtual and in-person care supporting 112 leading employers, covering
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JPMorgan Chase
JPMorgan Chase Launches 3 Advanced Primary Care Centers
What You Should Know:
- Vera Whole Health announced a collaboration with Central Ohio Primary Care (COPC) and JPMorgan Chase & Co. to launch three new on-site advanced primary care centers across the company’s Columbus offices.
- These new centers provide a full suite of comprehensive in-person and virtual health and wellness services for more than 20,000 JPMorgan Chase employees. Vera and COPC will provide the same advanced primary care services at two near-site care centers to
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JPMorgan Chase Launches Morgan Health to Improve Employer-Sponsored Healthcare
What You Should Know:
- JPMorgan Chase today announced details about Morgan Health, a new business unit focused on improving the quality, efficiency, and equity of employer-sponsored healthcare.
- The business unit will invest up to $250M in companies looking to improve employer-sponsored healthcare, pilot new benefits for JPMorgan Chase employees and promote health equity.
- The new group will be headquartered in Washington, D.C. and led by Dan Mendelson, CEO of Morgan Health,
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Amwell Appoints Amazon Exec Serkan Kutan as Chief Technology Officer
Amwell,
a national telehealth
provider, announced today that Serkan Kutan has joined the company as
Chief Technology Officer. As part of his new role as CTO, Serkan will lead
building upon and further scaling Amwell’s national telehealth platform to
serve the needs of hospitals and health systems, health plans, innovators, and
patients.
“Serkan’s experience in innovating, building and maturing transformative healthcare technologies will play a significant role as we scale Amwell to meet
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Top 60 Health IT/Digital Health Mergers & Acquisitions in 2019
- From Google's acquisition of Fitbit to Philips acquisition of Carestream Health's health IT business, here is a look at some of the biggest health IT/digital health mergers & acquisitions in 2019 by each quarter.
Q1 M&A Activity
Johnson & Johnson Acquires Auris Health for $3.4B to Expand Digital Surgery Portfolio
Johnson & Johnson acquiresAuris Health, a developer of robotic technologies for $3.4 billion in cash. Auris Health is a privately-held developer of
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Global Digital Health VC Funding Breaks $5.1B in First Half of 2019
Global venture capital (VC) funding in digital health/health IT, including private equity and corporate venture capital, reach $5.1 billion in the first half of 2019, according to market research firm Mercom Capital. The 1H and Q2 2019 Digital Health (Healthcare IT) Funding and M&A Report reveals $5.1B in funding across 318 deals compared to $4.9B across 383 deals in 1H 2018. Q2 2019 VC funding held strong at $3.1 billion in 169 deals following the $2 billion raised in 149 deals in Q1 2019.
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JPMorgan Chase to Acquire Healthcare Payments Solution InstaMed
JPMorgan Chase & Co., today announced its plan to acquire InstaMed, a Philadelphia-based healthcare payment network provider connecting providers, payers, and consumers on one platform. The acquisition will expand the bank's suite of payment services designed specifically for healthcare consumers, providers, and payers.Why InstaMed?U.S. healthcare spending is over $3 trillion and is challenged by significant transaction friction and inefficiency. Legacy approaches to bill pay, claims
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March 2019 News, Merger & Acquisition, IPO, Public Company Performance Summary
A brief summary of noteworthy news, health IT M&A activity, IPOs, and public company performance during the month of March.
Noteworthy News
Amazon, JP Morgan, Berkshire Names New Joint Venture Haven
Amazon, J.P. Morgan, and Berkshire Hathaway name joint venture Haven. In January 2018, the three founding companies announced plans to create this independent organization, now called Haven, which is free from profit-making incentives and constraints. Haven’s focus is the 1.2 million
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JPMorgan Chase, VisitPay Partner to Offer Healthcare Receivables Financing
VisitPay, a provider of patient financial engagement, has entered into an exclusive agreement with JPMorgan Chase Bank, N.A. in connection with the bank’s plan to extend recourse financing to VisitPay’s new Balance Transfer program, which will provide wholesale funding to healthcare providers. St Luke’s Health System in Boise, a long standing VisitPay client, is among the innovation partners shaping the program.With the launch of the Balance Transfer program, VisitPay now offers providers a
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