Clover Health
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This week's top stories include HHS requiring hospitals to report flu data, Americans wanting mental healthcare via telehealth, and Clover Health joining the public market by merging with Social Capital SPAC.
The deal rates Clover at an enterprise value of about $3.7 billion and is expected to close in early 2021.
As politicians and their constituents grapple over Medicare for All, these well-funded startups hope to capitalize on the public’s appetite for new, consumer-friendly approaches to health insurance.
Dubbed Clover Therapeutics, the unit's first project will be a partnership with Genentech targeting ocular diseases among senior populations.
The insurtech startup announced $500 million in new funding just a few months ago.
Also: EverlyWell's first chief marketing officer; Livongo's mental health hires.
The Greenoaks Capital-led round is expected to close within the next couple of weeks.