Business

TECH | Apple explored buying two Concierge Medical-Clinic start-ups as part of a bigger push into health care — and more inquiries expected, according to CNBC Sources

Apple was reportedly in talks to purchase Aliso Viejo, Calif.-based Crossover Health, a healthcare startup that works with self-insured employers to provide medical and wellness services at onsite clinics. The move heightens speculation about the tech giant’s potential foray into the healthcare space, multiple sources familiar with the matter told CNBC. Negotiations between the two [e.g. CrossOver Health + OneMedical, according to CNBC’s Christina Farr] organizations reportedly lasted “months” but did not end in a deal, according to one source. Two other sources claimed Apple also approached San Francisco-based One Medical, a concierge medicine primary care organization, the report states. ~Alyssa Rege | October 17, 2017 | Beckers Hospital Review — Becker’s also mentions … In conjunction with Mr. Cook’s sentiments, Apple has hired “dozens” of health consultants and medical experts in recent years, including Sumbul Desai, MD, the former executive director of the Stanford (Calif.) Medicine Center for Digital Health. The company reportedly hired Dr. Desai in June to a senior position to promote the various health uses for its Apple Watch.

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  • Apple’s health team was until recently deep in talks to buy Crossover Health, the venture-backed start-up that runs its on-site medical clinic.
  • It’s not clear if Apple wanted to own and operate a network of health clinics, like its retail stores, or simply partner to sell products with a health-related angle, like the Apple Watch

CNBC’s Becky Quick and Financial Analyst/Reporter, Sharon Epperson interviewed Concierge Medicine Today (CMT), Dr. Ken Redcross and others and provided objective commentary about Concierge Medicine (February – March 2015)

Apple has considered an expansion into health care clinics, and had talks to buy a start-up called Crossover Health, which works with big employers to build and run on-site medical clinics, according to three sources familiar. Crossover Health is one of a small number of companies that specialize in working with self-insured employers to provide medical and wellness services on or near to campus. Among its clients are Apple and Facebook. Crossover also has clinics in New York and the Bay Area, and touts its digital features like same-day appointments via a mobile app. The Apple-Crossover talks went on for months but didn’t materialize into a deal, one of the sources said. Apple also approached nationwide primary care group One Medical, said two other sources.

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CNBC | CMT … “Doctors on demand: Concierge Medicine becoming more affordable.”

READ FULL STORY … | WATCH VIDEO …

SOURCE: CNBC; https://www.cnbc.com/2017/10/16/apple-considered-acquisition-of-crossover-health-part-of-health-push.html

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