Debevoise & Plimpton LLP advised funds managed by Blackstone Growth on the deal.
K Health and funds managed by Blackstone Growth (“Blackstone Growth”) announced the formation of Hydrogen Health, LLC to help create innovative, digital-first healthcare solutions. This joint venture is also backed by an investment from Anthem, Inc. (ANTM) and is an important step in seeking to help increase access to healthcare services and make healthcare more affordable for millions of people in the U.S.
K Health, headquartered in New York, is the digital healthcare company on a mission to use the power of shared knowledge to get everyone access to better, affordable healthcare—whenever, wherever they need it. K Health is a free tool that uses AI to help people understand how doctors diagnose and treat those with similar symptoms and conditions (aka “People Like Me”).
Blackstone is a leading global investment business investing capital on behalf of pension funds, large institutions and individuals.
Hydrogen Health will seek to lower healthcare costs by leveraging K Heath’s cutting-edge Artificial Intelligence technology to bring digital-first healthcare to the employer and consumer markets.
The Debevoise team was led by M&A partners Jennifer Chu (Picture) and Kevin Rinker and included counsel David Iozzi, associates Jason Auman, Spencer Gilbert, Sarah Jacobson and Joel Salomon, benefits partner Meir Katz and associate Wendy Widman, tax partner Peter Furci, counsel Sam Duncan and associate Erasmo Perez and intellectual property partner Henry Lebowitz and associate Ben Sundholm.
Involved fees earner: Jason Auman – Debevoise & Plimpton; Jennifer Chu – Debevoise & Plimpton; Samuel Duncan – Debevoise & Plimpton; Peter Furci – Debevoise & Plimpton; Spencer Gilbert – Debevoise & Plimpton; David Iozzi – Debevoise & Plimpton; Sarah Jacobson – Debevoise & Plimpton; Meir Katz – Debevoise & Plimpton; Henry Lebowitz – Debevoise & Plimpton; Erasmo Perez – Debevoise & Plimpton; Kevin Rinker – Debevoise & Plimpton; Joel Salomon – Debevoise & Plimpton; Ben Sundholm – Debevoise & Plimpton; Wendy Widman – Debevoise & Plimpton;
Law Firms: Debevoise & Plimpton;