Yahoo Finance July 1, 2024
(Bloomberg) — K Health, an artificial intelligence company that provides a chatbot to patients before they speak with primary care-focused physicians, raised $50 million in an equity funding round led by Marcelo Claure’s Claure Group, Chief Executive Officer Allon Bloch said in an interview.
Royalty Pharma Plc founder Pablo Legorreta, and existing investors Mangrove Capital Partners, Valor Equity Partners and Atreides Management LP also participated.
The transaction values New York-based K Health at about $900 million, people with knowledge of the matter said, asking not to be identified discussing confidential information.
“About half the insured population in America are not managing their health well, because they don’t have regular primary care — there are not enough physicians, it’s tough to...
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