Morgan Well being, JPMorgan Chase’s healthcare industry unit, introduced a $20 million strategic funding in domestic diagnostics startup LetsGetChecked.
The funding used to be made as a part of a Sequence D-2 spherical led by means of Casdin Capital and Transformation Capital. LetsGetChecked closed a $150 million Sequence D spherical remaining 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 of days. Relying on check effects, sufferers can seek advice from nurses on subsequent steps.
The corporate additionally supplies a digital pharmacy for medication like erectile disorder drugs and contraceptives in addition to a B2B carrier for well being plans, employers, suppliers and the general public sector.
“Well timed get admission to to medical trying out has a vital function in making improvements to worker well being. When sufferers prolong or forgo really useful or regimen assessments, the effects can also be vital, as we have now noticed from the uptick in most cancers diagnoses and illness development throughout the COVID-19 pandemic,” Morgan Well being CEO Dan Mendelson stated in a commentary. “LetsGetChecked is designed to serve and meet workers anywhere they’re, and most significantly, within the comfort and simplicity in their domestic to ensure that they get the care they want.”
LetsGetChecked, an Irish unicorn based in 2015, has made more than one acquisitions to this point this 12 months. In March, the corporate introduced it could 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 ready to leverage the ability of entire genome sequencing to release a complete lifecycle of personalised healthcare, which has all the time been our objective,” Peter Foley, LetsGetChecked CEO and founder, wrote in an e mail to MobiHealthNews on the time.
It additionally lately finished the purchase of BioIQ, an organization that works with employers and well being plans to supply lab trying out, well being screening and vaccination services and products.
However, like a collection of different virtual well being and well being tech firms over the last few months, LetsGetChecked laid off an undisclosed collection of staff previous this summer time. The corporate instructed the Trade Submit the discounts got here on account of the hot acquisitions.