Bright Health, Insuretech, buys Zipnosis, a telemedicine startup

Bright Health, Insuretech, buys Zipnosis, a telemedicine startup

THE LARGER TREND Meanwhile Zipnosis has a history of creating white-label telemedicine products for providers.   Over the last few years investors have poured millions into Bright Health. In September the company announced a $500 million Series E found to help it expand its geography. Less than a year before, the company scored $635 million in Series D funding. To date the company has collected more than $1.5 billion in funding dollars.

WHY IT MATTERS MobiHealthNews has reached out to Bright Health for more details and will update the story accordingly.

While the release from Cain Brothers was sparse on specifics, the deal is sure to give Bright Health more telehealth capabilities. Bright Health has a track record of working in the consumer-focused health insurance and technology space. This news comes a week after news broke that Bright Health plans to raise at least $1 billion in an IPO.

Source Zipnosis is also a venture-backed company, but its venture amounts are more modest. All told, the company has over $20 million in investor dollars. In 2019, the company launched a new platform called ZipPlus, which helps providers using the company’s telemedicine services to carve out a road map.

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