Fertility startup Kindbody banks $25M in funding from Morgan Health
01 May 2023
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Source: FierceHealthcare
Previous Morgan Health investments include Vera Whole Health, Castlight Health, Embold Health, Centivo and LetsGetChecked.
Morgan Health is making its next healthcare bet, investing $25 million in fertility company Kindbody.
Kindbody offers a leading fertility clinic network as well as family planning benefits to employers that encompass reproductive care from preconception to postpartum and through menopause. Morgan Health, the healthcare arm of banking giant JPMorgan Chase, aims to improve the quality and affordability of employer-sponsored healthcare.
Kindbody is unique in that it both offers benefits and manages clinics, which enables the company to contract directly to provide fertility care to members. This leads to savings of between 25% and 30%, according to the announcement.
Dan Mendelson, CEO of Morgan Health, called the model a "paradigm shift in fertility care" in the release.
“Access to high-quality fertility care is essential for health and wellbeing, and Kindbody’s model supports patients at one of the most important moments in their lives,” Mendelson said.
Its model covers services for both male and female fertility, including assessments and education, fertility preservation, genetic testing, in vitro fertilization, adoption and donor and surrogacy services. It also covers key mental and physical reproductive services, according to the announcement.
Cheryl Pegus, M.D., managing director at Morgan Health Ventures, will join Kindbody's board.
“Our partnership with Morgan Health will fuel Kindbody’s continued growth allowing us to expand into geographies where the need for high-quality fertility care is in the greatest demand, so that more people can access the essential care they need to become parents," Gina Bartasi, CEO of Kindbody, said in the release. "I’ve followed JPMorgan Chase and the Morgan Health team since inception, and I’m honored to have them on our cap table and Cheryl’s expertise in the boardroom.”
Previous Morgan Health investments include Vera Whole Health, Castlight Health, Embold Health, Centivo and LetsGetChecked. The company also launched a research partnership with health system giant Kaiser Permanente.
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