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Kevin Roche

The Healthy Skeptic is a website about the health care system, and is written by Kevin Roche, who has many years of experience working in the health industry through Roche Consulting, LLC. Mr. Roche is available to assist health care companies through consulting arrangements and may be reached at khroche@healthy-skeptic.com.

Apr 28 2021

Sesame opens investors' wallets for a $24 million capital raise to support its seedy business of providing discounts to self-pay patients.  Way too much capital floating around out there.

https://www.fiercehealthcare.com/tech/sesame-raises-24m-to-expand-cash-pay-marketplace-for-healthcare-services?mkt_tok=ODUwLVRBQS01MTEAAAF8t28aVS6AxFpSasQ0AjNGrLtZqNTWKhThG_Kyur-KWkw1ZfBZgsD3eZNOCCrziGNpHc_f6c2Ti4Hi1dMJ8xIa0gHaomHLb1q1-xCjmvN7FbzI
Apr 28 2021

Humana is buying the 60% of the Kindred Care at Home business for $5.7 billion.  Humana currently owns 40% of the firm.  Humana indicated that it may not keep the hospice portion of the Kindred business.

https://www.wsj.com/articles/humana-buying-out-partners-in-home-health-business-11619562869?mkt_tok=ODUwLVRBQS01MTEAAAF8t28aVY_EU1ZHNQywINhOTMc3W-LSFVrJQX3VwdfGzhkexS55Sen1X0Mbiv0Rd2sgk8JVUHPXl-DDmKXmN85z_IjF-fRbwQNyiftvW0aqZIiI
Apr 27 2021

Molina, which offers health plans for Medicaid beneficiaries, is buying Cigna's Medicaid business in Texas for $60 million.

https://www.modernhealthcare.com/medicaid/molina-pay-60-million-cignas-texas-medicaid-plans?utm_source=modern-healthcare-daily-finance-friday&utm_medium=email&utm_campaign=20210423&utm_content=article3-headline
Apr 27 2021

Tomorrow Health gets a nice investment of $25 million today, to help build its business of providing home health care supplies.

https://www.fiercehealthcare.com/tech/andreessen-horowitz-leads-25m-investment-at-home-healthcare-startup-tomorrow-health?mkt_tok=Mjk0LU1RRi0wNTYAAAF8otXax59tn_M43bbGeQtzs4-d_kir9GGUCni7Tf0s6Jxp0iKplx62RwhNtSZIW4pSXRUtJrbpOpLxNgwmRD-fg1F2ZzJg-xfg1Ld1WvbfOC_fVCg&mrkid=635530
Apr 27 2021

Sun Life, the largest private stop-loss carrier to self-funded plans, is acquiring PinnacleCare, which offers health care navigation services to help employees find cost-effective health care.

https://www.sunlife.com/us/en/about/newsroom/news-releases/announcement/sun-life-to-acquire-pinnaclecare/123533/
Apr 27 2021

For those who have been here for CV-19 posts, this is the first in what will be a lot of posts back to health care business and policy.  Many have this one sentence format on a capital raise or transaction.  I will give a little more explanation than a normally would about the significance.  You will also note my love of puns.  Accolade, which offers assistance to employees in making health care decisions, is buying PlushCare, which provides telehealth visits for primary care and mental health.  The price is an astounding $450 million dollars.  Virtual care has expanded during the epidemic, but it is a commodity and a no-barrier business.  Too much capital floating around in health means lots of bad deals in the long-run.   No plaudits from me for the deal.

https://accolade.com/press/accolade-acquires-plushcare-primary-care/
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