- General
- July 29, 2020
- 3 minutes read
Humana Invests $100 Million In Heal
Humana CEO Bruce Broussard. Photo credit: Stuart Isett for Fortune, under Creative Commons license Health insurance giant Humana has announced…
Humana CEO Bruce Broussard.
Photo credit: Stuart Isett for Fortune, under Creative Commons license
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Health insurance giant Humana has announced it’s invested $100 million in Heal, a Los Angeles-based telehealth startup, as part of a broader partnership between both companies. Heal is a telehealth startup that offers its services to patients across the U.S. states of New York, California, Georgia, Washington, New Jersey, Virginia, Maryland, and Washington D.C. Thanks to the partnership with Humana, the Los Angeles-based startup will now expand to new markets including Chicago, Charlotte, and Houston. Humana’s investment in Heal notably comes amid a pandemic that has largely driven up telehealth activity and with Heal a major beneficiary.
With Humana’s investment, Heal has now raised $171 million in total funding since its inception. Previous investors in the company include the likes of former Qualcomm CEO Paul Jacobs (who serves as its executive chairman), venture capitalist Jim Breyer, former Florida governor Jeb Bush, and American singer Lionel Richie.
Since its inception, Heal has facilitated more than 200,000 patient visits. The valuation that came with Humana’s $100 million investment isn’t known.