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by game_the0ry
1158 days ago
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From wikipedia: > Outcome Health is a Chicago-based healthcare technology company founded by Rishi Shah. Its registered name is ContextMedia Health LLC. It is majority owned by Littlejohn & Co., a private equity firm. After its founders were indicted by a federal grand jury on multiple charges of fraud and also sued by the SEC, veteran tech investor Howard A. Tullman called Outcome "our version of Theranos." > In May 2017, a funding round with Goldman Sachs, CapitalG, Pritzker Group, and others invested $600 million in Outcome Health, giving it a $5.6 billion valuation. This is the largest single funding round in Chicago since Groupon in 2011, when it raised $950 million in its fifth funding round. Private capital investment + healthcare = bad combo |
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