Morgan Health invests $20 million in LetsGetChecked to expand home care

The home care drumbeat has gotten louder in recent weeks with deals, investments and partnerships being announced.

Add Morgan Health to the mix. This JPMorgan business unit aims to innovate within employer-sponsored health plans announced Thursday a $20 million strategic investment in LetsGetChecked, a home health startup.

LetsGetChecked, founded in 2015 and headquartered in Dublin and New York, offers a range of home test kits including sexual health, wellness, men’s health and women’s health. In addition to diagnostics, it offers virtual consultations and delivers prescription medications to people’s homes. Physician practices and virtual care providers can also integrate the company’s services into their workflows.

The startup works with over 300 employers, health plans, providers and other organizations to deliver its solutions and provide clinical insights. LetsGetChecked’s clients include Amazon and Humana, its website shows.

With the funding, the company will be able to further expand its platform and reach more business customers, according to a press release. Morgan Health‘s investment is in addition to a D-2 funding round led by Casdin Capital and Transformation Capital, but LetsGetChecked declined to provide additional information.

“Our partnership with Morgan Health will support the growth of LetsGetChecked’s 360-degree platform to transform the way healthcare is delivered and reduce barriers to access for those who need it most,” Peter Foley, founder and CEO, said in a statement. CEO of LetsGetChecked. “Our scalable infrastructure and API toolset allows employers, health plans, providers and the public sector to seamlessly enable diagnostic testing and virtual care with our fully integrated supply chain, which includes manufacturing to sample processing in the state ours. – art laboratory, as well as virtual consultations and medication distribution.”

Morgan Health made the investment in an effort to meet the growing demand for home care, Clare Krusing, executive director of external communications at Morgan Health, wrote in an email. It has a pipeline of more than 300 health care companies it is considering investing in, Krusing added, but did not say which other companies it was considering.

“In this case, the growing demand for home care, particularly related to diagnostics and laboratory testing, was a key focus and LetsGetChecked’s platform went the extra mile to provide an integrated virtual primary care and pharmacy solution that would be ideal for patients, esp. those with chronic conditions,” Krusing said.

LetsGetChecked did not name any competitors, but other home testing companies include Always goodhint, AND Viome Life Sciences. A spokesperson for LetsGetChecked claimed that the launch is “unique in that the company offers a complete end-to-end solution for patients with access to more than 100 laboratory panels, virtual consultations and dispensing of medications for a wide range of health and wellness conditions.”

The funding for LetsGetChecked is the latest in a series of investments that Morgan Health has made. It recently invested in a self-funded employer health plan One centprimary care company Summer Whole Health, healthcare analytics company Embold Health and healthcare navigation company Castlight Health. He also entered into a research collaboration with Kaiser Permanente related to health disparities.

Krusing said Morgan Health seeks companies that “share our vision and mission to improve the quality, equity and affordability of employer-sponsored health care.” In the future, Morgan Health will make investments in organizations focused on mental health, virtual primary care and other specialty areas, she added.

Photo: StockFinland, Getty Images

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