Morgan Well being, JPMorgan Chase’s healthcare trade unit, introduced a $20 million strategic funding in domestic diagnostics startup LetsGetChecked.
The funding used to be made as a part of a Collection D-2 spherical led via Casdin Capital and Transformation Capital. LetsGetChecked closed a $150 million Collection D spherical closing 12 months, construction on raises in 2018, 2019 and 2020.
WHAT THEY DO
LetsGetChecked gives at-home assessments, together with ones for sexual well being, ldl cholesterol, diabetes, fertility hormones and COVID-19. Customers can mail their samples and obtain effects on-line inside days. Relying on take a look at effects, sufferers can seek advice from nurses on subsequent steps.
The corporate additionally supplies a digital pharmacy for medicine like erectile disorder medicines and contraceptives in addition to a B2B carrier for well being plans, employers, suppliers and the general public sector.
“Well timed get right of entry to to medical checking out has a vital function in making improvements to worker well being. When sufferers extend or forgo really useful or regimen assessments, the results may also be vital, as we have now noticed from the uptick in most cancers diagnoses and illness development right through the COVID-19 pandemic,” Morgan Well being CEO Dan Mendelson mentioned in a observation. “LetsGetChecked is designed to serve and meet staff anyplace they’re, and most significantly, within the comfort and straightforwardness in their domestic to be sure that they get the care they want.”
LetsGetChecked, an Irish unicorn based in 2015, has made more than one acquisitions up to now this 12 months. In March, the corporate introduced it might transfer into genomics with the acquire of Veritas Genetics and Veritas Intercontinental.
“By means of integrating Veritas Genetics’ and Veritas Intercontinental’s genetics providing with our scalable digital care infrastructure, we’re in a position to leverage the facility of entire genome sequencing to release a complete lifecycle of personalised healthcare, which has at all times been our objective,” Peter Foley, LetsGetChecked CEO and founder, wrote in an e mail to MobiHealthNews on the time.
It additionally just lately finished the purchase of BioIQ, an organization that works with employers and well being plans to provide lab checking out, well being screening and vaccination products and services.
However, like a choice of different virtual well being and well being tech corporations during the last few months, LetsGetChecked laid off an undisclosed choice of employees previous this summer time. The corporate advised the Industry Submit the discounts got here because of the hot acquisitions.
LetsGetChecked is not by myself in the house diagnostics area. Competition come with Everlywell, Cue Well being and conventional lab corporate Labcorp.