Oscar, the first direct-to-consumer health insurance company, announces today that it has closed a $225 million funding round. The round positions Oscar to continue growth off of a $2 billion revenue base and puts the company on a path to further advance its mission of making health care simple. This was a big week for Oscar. Earlier in the week, Cigna and Oscar released more details on their Cigna+Oscar partnership to provide affordable, customized health plans to small businesses.
Over the past decade, patients have taken a more active role in educating themselves and directly managing their own health. And with more than 80 percent of consumers now researching their healthcare options, new technologies provide consumers new ways to engage in their own healthy living and in managing certain conditions. In other words, technology is empowering consumers to take control of their health. Uber Health, Lyft, Walmart Health, Amazon Care are just a few organizations entering the healthcare space.
Teladoc Health (NYSE: TDOC) has announced it has entered into a definitive agreement to acquire InTouch Health for $600 million, consisting of approximately $150 million in cash and $450 million in shares of Teladoc Health. The deal is expected to close by the end of the second quarter. This move will integrate telehealth solutions and add more than 14,500 physician users and 450 health systems and hospitals to Teladoc’s profile.
AdaptHealth Signs Definitive Agreement to Acquire McKesson Corporation’s Patient Care Solutions Business
US-based home medical equipment (HME) provider AdaptHealth announced it has signed a definitive agreement to acquire the Patient Care Solutions (PCS) business from McKesson Corporation.