Inside Grand Rounds’ $175 million funding round

Owen Tripp, CEO of Grand Rounds

Summary List Placement


Happy Monday! 

Over the weekend, AstraZeneca and Oxford resumed their coronavirus vaccine trial and Gilead Sciences struck a $21 billion deal for cancer drugmaker Immunomedics.

Here’s what else is happening in healthcare news:

Inside a Carlyle-led $175 million investment in digital-healthcare firm Grand Rounds: How the deal came together and what it says about the future of healthcare.

Grand Rounds, an online healthcare assistant to employees at self-insured corporations like Walmart and Home Depot, just raised $175 million in a deal led by the private-equity giant The Carlyle Group.
The growth-equity deal, announced earlier this week, will help the digital-health company expand into a customer segment it hasn’t fully penetrated yet: the middle market.
CEO Owen Tripp spoke with Business Insider about what the investment will mean for the company as COVID-19 changes employers’ healthcare needs.

Read the full story from Casey Sullivan here>>

Fauci says Americans need to ‘hunker down and get through this fall and winter,’ or else play a game of whack-a-mole with the COVID-19 virus

Dr. Anthony Fauci, Director of the National Institute of Allergy and Infectious Diseases, said that the US needs to “hunker down and get through this fall and winter” until a vaccine arrives.
He hopes a vaccine will become available later this year or early 2021.
The US “didn’t shut down nearly as much” as Europe, Fauci said, pointing to data on grocery-store visits, park visits, and workplace attendance.

Read the full story from Isabella Jibilian here>> 

I led treatment of the first confirmed COVID-19 case in the US. We need universal mask wearing — here’s how we can get everyone to wear one.

  'Use my words against me': A 2016 video of Lindsey Graham saying a Supreme Court vacancy should never be filled in an election year is going viral

Dr. Amy Compton-Phillips is the chief clinical officer of Providence St. Joseph Health, a health system with 51 hospitals in the western US.
Wearing masks helps stop the spread of the coronavirus — and we need to make mask-wearing universal.
It’s important for role models and influencers to showcase themselves wearing masks.

Read the full story from Dr. Amy Compton-Phillips here>>

More stories we’re reading:

Politico found that CMS chief Seema Verma spent $3.5 million on consultants, including $2,933 spent organizing a “Girl’s Night” (Politico)

At least 31 coronavirus cases are linked to 3 childcare facilities in Utah, more evidence kids are contagious without symptoms (Business Insider)

Polluted areas in the US tend to have more coronavirus deaths, according to new research (ProPublica)

A CDC study found that people who tested positive for the coronavirus were twice as likely to have eaten at a restaurant beforehand (Business Insider)

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– Lydia

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Source:: Business Insider


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