Zipnosis Has Been Acquired by Bright Health
April 5, 2021
Zipnosis, Inc., a best-in-class virtual care platform powering next-generation telehealth strategies for leading health systems, has been acquired by Bright Health Group, Inc. The combination reflects a shared vision: lowering costs and providing greater access to quality, affordable, personalized care. Cain Brothers served as Zipnosis’ exclusive financial advisor in connection with the transaction.
Zipnosis is a Minneapolis-based telehealth platform powering the virtual triage and visits of nearly 60 large health systems across the country. The Company’s SaaS platform is powered by technology that’s built on best practice clinical guidelines and real-time, localized information. Zipnosis offers device-agnostic virtual care aimed at providing both patients and employees greater convenience and efficiency when accessing care. The Company’s multi-modal (asynchronous and synchronous) capabilities further streamline the treatment process for providers by reducing clinician work time and automating burdensome administrative tasks. In 2020, Zipnosis screened and treated more than 2 million patients. Zipnosis’ investors include Ascension Ventures, Safeguard Scientifics, Hyde Park Ventures and Waterline Ventures.
Bright Health is a leading national integrated healthcare platform, that offers diversified health products and managed care services to over 500,000 consumers in 13 states and more than 50 markets. By aligning with its care partners, Bright Health provides consumers access to personalized care teams tailored to their individual needs. Bright Health delivers high quality virtual and in-person clinical care to over 220,000 patients through approximately 40 owned and managed advanced risk-bearing primary care clinics. Bright Health’s lead investors include Blackstone, T. Rowe Price, NEA, Bessemer Venture Partners and Tiger Global Management.