CVS launches $100 million VC arm to spot digital-health new ideas, M&A targets

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CVS has joined its rivals Cigna, Humana, and Optum in funding digital-health startups. CEO Karen Lynch told us the $100 million VC arm will help it spot new ideas and acquisition targets.

"I'm really trying to position the business to be a very kind of tech-forward company, and we need to invest in areas that will give us the highest growth for the company going forward," Lynch said.

Despite the heavier focus on virtual care, CVS is still investing in building physical Health Hubs in its stores across the country, though the goal posts have shifted somewhat.

 

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