STAT August 6, 2018
Dr. Atul Gawande has described his new health care company as a “nonprofit” that will operate independently from the three massive corporations providing its funding — a firewall he said is crucial to ensuring its mission stays focused on the needs of patients.
But since he was named CEO in June, the three founders of the company — Amazon, JPMorgan Chase, and Berkshire Hathaway — have remained circumspect about the health venture’s precise legal structure, focus, and funding.
A person familiar with the inner-workings of the enterprise told STAT that its corporate creators view it as a non-profit-seeking internal unit “that serves the three founding companies.” This person stressed that the new entity, even though designed to accomplish public good,...
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