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by game_the0ry 1158 days ago
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

1 comments

This seems to be an adtech company specializing in a vertical (healthcare). They do not have anything to do with the caring of the health of humans. Apologies if you didn't imply that.
No need for apologies, and given the legal name of the company was ContextMedia Health LLC, I agree.