Second Opinion September 24, 2024
The incumbents have gotten a lot bigger since 2019, so digital health startups will need to change their strategy to get acquired.
This is a co-written piece with 7wireVentures’s Alyssa Jaffee
The pandemic was a boom time for digital health. It created massive tailwinds as regulatory barriers were broken down, leading to more innovation than ever before. As the demand for virtual care skyrocketed, entrepreneurs were able to build virtual care companies without needing a physical location present in all 50 states. Enthusiasm for the sector amongst VCs also shot up in the wake a string of impressive exits: Livongo sold to Teladoc for $18.5 billion, and PillPack/ One Medical were acquired by Amazon for around $750...
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