Seattle-based 98point6 introduced that it’s licensing its digital care supply platform in a cope with Tacoma, Wash.-based MultiCare Well being System. That is the corporate’s first foray as a third-party software program supplier, and it raised greater than $20 million in a convertible observe providing to fund its growth.
The licensed tech shall be used to assist Indigo Well being, a division of MultiCare Well being System that handles pressing take care of minor sicknesses and accidents. Indigo was based in 2015 and has grown to 35 pressing care clinics throughout Washington, alongside a digital care element. MultiCare is the most important well being system in Washington state.
“The well being care panorama is altering rapidly, with massive gamers within the expertise and healthcare sectors making important investments on this path,” Indigo Well being president Ryan Repair mentioned in a press release.
The transfer by 98point6 comes at a time when tech firms are making a push into healthcare. Amazon is about to amass publicly traded major care firm One Medical for $3.9 billion and can also be reportedly bidding on in-home expertise supplier Signify Well being. Oracle not too long ago acquired well being IT firm Cerner in a deal valued at $28 billion.
Based in 2015, 98point6 launched to make connecting with a doctor as “easy as sending a textual content or doing a web-based search.” Its subscriber base received a boon from the pandemic, almost tripling in measurement. Nevertheless, it reduce 10% of its employees in July.
A latest evaluation from Trilliant Well being reveals that telehealth demand declined almost 60% from April 2020 to April 2022, “suggesting that expanded availability of digital care choices has not shifted widespread client preferences.”
98point6 is led by Jeff Greenstein, who grew to become the corporate’s everlasting CEO after taking up interim management duties following the departure of former CEO and co-founder Robbie Cape in August 2021.
98point6 now has greater than 300 full-time staff and ranks twenty eighth on the Startup 200, our record of the highest tech startups within the Pacific Northwest.
The funding comes from non-public fairness large L Catterton and late-stage funding agency Activant Capital, each of which led 98point6’s Sequence E spherical when it raised greater than $118 million in October 2020. The corporate didn’t reveal its valuation.