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 might be used to assist Indigo Health, a division of MultiCare Well being System that handles pressing look after minor diseases 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 shortly, with large gamers within the know-how and healthcare sectors making vital investments on this course,” Indigo Well being president Ryan Fix mentioned in a press release.
The transfer by 98point6 comes at a time when tech firms are making a push into healthcare. Amazon is ready to amass publicly traded major care firm One Medical for $3.9 billion and can also be reportedly bidding on in-home know-how supplier Signify Health. 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 an internet search.” Its subscriber base bought a boon from the pandemic, almost tripling in measurement. Nonetheless, it cut 10% of its employees in July.
A latest evaluation from Trilliant Health exhibits 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 turned 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 workers and ranks twenty eighth on the GeekWire 200, our listing 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 Collection E spherical when it raised more than $118 million in October 2020. The corporate didn’t reveal its valuation.