Transcarent to Acquire 98point6 AI-Powered Virtual Care Platform and Care Business
The Californer/10232333

PALO ALTO, Calif. ~ Transcarent, a health and care experience company, has announced plans to acquire the leading AI-powered virtual care platform and care business of on-demand primary care company, 98point6. The acquisition will give Transcarent access to the leading AI-powered virtual care technology and an affiliated medical group of providers skilled at delivering high-quality, on-demand care.

Since 2015, 98point6 has been the acknowledged leader in using AI to create quality, personalized text-based care experiences for people while significantly improving physician productivity. The agreement will provide current 98point6 self-insured enterprise customers, health systems, and payors easy access to Transcarent's comprehensive health and care experience platform including EveryDay Care, Pharmacy Care, Care@Home, Surgery Care, and Complex Care.

The transaction is expected to close March 31st after which 98point6 Technologies will continue to develop innovative technology solutions and focus its efforts on licensing its 98point6 Technology Platform software to third-party health care providers.

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Glen Tullman, Chief Executive Officer of Transcarent said "In healthcare, complexity is the problem and simplicity is the answer. Transcarent is committed to creating an easy-to-use health and care experience that people love, that improves care, and that reduces the cost of that care. By combining the 98point6 AI-powered virtual care technology and an affiliated group of world class physicians with Transcarent's comprehensive care platform we will deliver consumers and employers what they really want and need. Leveraging AI to drive personalization and access to care will revolutionize the virtual care experience for the first time combining best-in-class technology with human touch. That's a winning combination."

Jay Burrell President & Chief Executive Officer of 98point6 Technologies said "We can think of no better company to continue nurturing our customers and Members than Transcarent as we enter our next phase of growth which will focus on software licensing under the 98point6 Technologies brand. Virtual care is the bedrock of health care. We remain committed to innovating new technology solutions and business models that work upstream to give health care providers the infrastructure they need to succeed with consumers."

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The acquisition is part of Transcarent's journey in designing a health &care experience for consumers while aligning with organizations that pay for it. It also strengthens their relationships with some of the most innovative payors in the country who are embracing innovative technologies for more consumer directed healthcare services. Tom Grote CEO Banner|Aetna said "At Banner|Aetna we strive to do everything possible to keep our members healthy &that includes offering them gold standard in virtual healthcare through 98point6 I'm confident that Transcarent supported by 98point6 Technologies will continue meeting high bar &look forward hearing about other services we can potentially fold into our health plan exceed members expectations."
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