With Vera Whole Health’s $370M purchase, Castlight Health to go private
Vera, a value-based primary care provider, will buy all the outstanding shares of Castlight, in a move that will merge the two companies.
Vera, a value-based primary care provider, will buy all the outstanding shares of Castlight, in a move that will merge the two companies.
Morgan Health, JPMorgan Chase's business unit, has made its first-ever investment in a company that provides a coordinated primary care model. Vera Whole Health operates a network of primary clinics across 10 states, supported by a technology platform.
Munck Wilson Mandala Partner Greg Howison shared his perspective on some of the legal ramifications around AI, IP, connected devices and the data they generate, in response to emailed questions.
The companies initially started working together through the UHS-affiliated health plan Prominence Health Plan, which is based out of Reno, Nevada.
Employer-sponsored clinics developed in the industrial boom during and after World War II, but now companies crushed by rising healthcare costs are taking another look at the model.
According to a 2017 employer survey, a third of companies with more than 5,000 employees now offer general medical clinics at their work sites.