AXIOS January 6, 2022
Payment startup Nomi Health has acquired Artemis Health, which uses data to help U.S. employers fine-tune health offerings, in a $200 million deal.
Why it matters: The pairing of the two payment-minded startups is part of an ongoing consolidation wave in digital health where small, like-minded upstarts combine their assets to round out their offering.
Other examples of the trend include:
- Telehealth giant Teladoc acquiring diabetes-focused virtual care provider Livongo for $18.5 billion.
- Health clinic operator Carbon Health purchasing remote monitoring startup Alertive Healthcare for an undisclosed sum.
- The merging of Headspace and Ginger, two mental health providers.
The details: While Nomi connects employers directly with health care providers, Artemis scans employers’ health care budgets to trim the...