Morgan Well being will make investments $20 million in digital well being agency LetsGetChecked, the businesses introduced Thursday.
LetsGetChecked gives at-home to diagnostic and genetic testing, digital appointments, and prescription drug supply.
This deal is a part of Morgan Well being’s plan to commit $250 million to the healthcare house. The unit has invested $105 million up to now into firms similar to Vera Complete Well being, Centivo and Embold Well being. The funding financial institution launched Morgan Well being final 12 months following the dissolution of Haven, JP Morgan Chase’s joint healthcare enterprise with Amazon and Berkshire Hathaway.
LetsGetChecked has offered greater than 10 million exams and partnered with extra 300 U.S. and European firms since its founding 2015, in keeping with the corporate. Though its testing operations benefited from COVID-19 pandemic, LetsGetChecked laid off an undisclosed variety of employees this summer season.
“Well timed entry to scientific testing has a vital position in bettering worker well being,” Morgan Well being CEO Dan Mendelson mentioned in a information launch. “LetsGetChecked is designed to serve and meet workers wherever they’re, and most significantly, within the comfort and ease of their residence to ensure that they get the care they want.” Robin Leopold, government vice chairman and head of human assets for JPMorgan Chase, will be part of LetsGetChecked’s board, in keeping with the information launch.