Press Release
WASHINGTON, Oct. 5 /PRNewswire/ -- Just 100 days after its launch,
Revolution Health Group (RHG) announced that it had completed the acquisition
of six start-up health companies, made an investment in a seventh company, and
hired its senior management team. This puts the company ahead of schedule in
its drive to build the leading, comprehensive consumer-driven health company,
and to bring its first major offerings to consumers in 2006.
RHG seeks to create a health company where patients are put at the center
of the health system, with more choices, more convenience, and more control
over their health care. The RHG board of directors is chaired by AOL Co-
Founder Steve Case, and its members include former Secretary of State Colin
Powell; former Fortune 500 CEOs Frank Raines, Jim Barksdale, Steve Wiggins,
and Carly Fiorina; and leading venture capitalists/financiers Miles Gilburne,
Jeff Zients, John Delaney, and David Golden, among others.
RHG's Plans and Initial Acquisitions
When RHG was launched in July 2005, the co-founders promised news of its
initial acquisitions this fall. Today, RHG is announcing its plans and
progress in launching consumer offerings in three key areas: content,
coverage, and care.
"With these initial investments, we are on our way to building a company
that puts patients back in control of their health care decisions," said Steve
Case, Chairman of RHG. "I am pleased we have made so much progress so
quickly, and excited about what we will be bringing to market in the months
ahead. Still, the work has just begun on what is a long-term project that
will take years to reach its full potential."
The acquisitions are:
Content: RHG will launch a consumer-friendly health portal in 2006
( http://www.revolutionhealth.com ). The website will be a leading tool for
consumers as they manage their health needs and the health needs of their
families.
To that end, RHG has acquired four companies that will provide key
elements for the RHG portal: MyDNA Media, which offers health news and
information; 1-800-Schedule, which helps consumers find doctors and schedule
appointments with health care providers; Simo Software, Inc., which has
created software that allows consumers to manage their health care spending,
records and finances; and Wondir, Inc., which provides a community-based
search for information about health needs and issues.
Other acquisitions will be added in the months ahead, as well as
additional tools and content to be developed by the RHG team. "Our goal is
bold, but simple: build the leading online resource for health care, period.
With these acquisitions, we've got some great pieces, and some great people --
but there is still much work to be done," said John Pleasants, CEO of
Revolution Health Group.
Coverage: In conjunction with major partners, RHG plans to offer
consumers new, easy-to-understand, health care coverage services that aim to
give patients and their doctors more control over health care decisions.
To date, RHG has acquired a controlling interest in two companies that are
already helping employers and individuals with health coverage needs:
-- Extend Benefits LLC ( http://www.extendbenefits.com ), which provides
individual benefits solutions to corporate America. Its clients
already include AutoNation, Continental Airlines and the PGA Tour, and
later this month, Extend Benefits will be announcing a significant new
partnership to offer defined contribution health plans to small
businesses.
-- ConnectYourCare, Inc. ( http://www.connectyourcare.com ), provides a
robust consumer-directed health care platform to employers, banks,
carriers, and third-party administrators. It offers health savings
account management with an integrated debit card, online account
access, comprehensive health care information tools, member advocacy,
and a member-focused call center.
Both ConnectYourCare and ExtendBenefits will continue to develop and
market products under their own brands, and work with RHG on its future
consumer offerings, expected in late 2006.
Care: Finally, RHG has purchased a minority-position -- with an
opportunity to acquire a majority stake -- in InterFit Health
( http://www.InterFit.com ), one of the nation's largest providers of retail
health screenings and immunizations delivered in retail outlets and at
employer worksites. For example, this fall, InterFit will offer low-cost flu
shots to shoppers in every Wal-Mart and Sam's Club in the United States.
Most significantly, RHG is providing the capital to support the roll-out
of InterFit's "RediClinics" ( http://www.RediClinic.com ) -- retail-based
convenient health care centers that provide fast, affordable treatment for
routine medical conditions, as well as screenings, medical tests, and
immunizations and other preventive services. These facilities are staffed
with certified nurse practitioners, who are trained and licensed to diagnose,
treat, and prescribe medications for common, non-emergency medical conditions
in collaboration with local physicians.
RediClinics are located inside popular retail outlets, and are open seven
days a week, with extended hours on weekdays. Seven RediClinics are already
operating in Wal-Mart Supercenters in Arkansas and Oklahoma, and in H-E-B
stores in Texas. Five more RediClinics will open in the next 45 days,
including one in a Duane Reade pharmacy near Times Square in New York City.
RediClinic is the second-largest national convenient care chain, with a major,
nationwide expansion planned in 2006.
Executive Team
In addition to its acquisitions, RHG is also announcing the members of its
senior executive team.
-- John Pleasants, CEO. Before joining RHG two weeks ago, Mr. Pleasants
held multiple leadership positions at IAC/InterActiveCorp. These
included serving as CEO of Ticketmaster, and President of IAC's
Information and Services Group, where he helped turn start-ups such as
Match.com, Evite, and CitySearch into household names. Knitting
together a variety of companies into cohesive operating units --
Pleasants' strategy at IAC/InterActiveCorp -- is also the strategy
that RHG has adopted for its launch.
-- Ron Peele, Chief Financial Officer. For more than a year before the
launch of Revolution Health Group, Mr. Peele worked with Steve Case in
laying the groundwork for its formation. Prior to that, Mr. Peele was
Vice President of AOL Investments, and helped launch AOL's venture
capital group. Previously, he was CFO of AOL's Greenhouse unit, and
the CFO of EZ Communications, a publicly traded radio broadcaster.
-- Martin Fisher, Chief Technology Officer. Mr. Fisher was Chief
Operating Officer of SimoHealth. Previously he was President of AOL's
Technology Development, where he oversaw the development of software
and systems across all AOL. In this role, Mr. Fisher managed a team
of more than 2,500 employees who developed products and software for
AOL members and Internet users worldwide.
-- Matthew Koll, Managing Director, Community Health Information
Division. Dr. Koll, the CEO and Founder of Wondir, is an information
scientist and entrepreneur with twenty-five years of experience in
search and related industries. Dr. Koll was the founder of Personal
Library Software, which he built into the leading search technology
provider to the online industry prior to its acquisition by AOL in
1998
-- Don Hackett, Managing Director, Information Portal Division. Mr.
Hackett spent the past ten years focused on the consumerization of the
health industry with companies such as myDNA Media, 1-800-Schedule,
drkoop.com, and Physician Computer Network. He is credited with
launching the first health-centric search engine and the first
consumer-centric, personal medical records system; he has co-authored
patents on Internet and telephony based patient referral processes.
-- Todd Lash, Managing Director, Consumer Products Division. Mr. Lash
was the CEO and co-founder of SimoHealth. As an early pioneer in the
commercialization of the Internet, Mr. Lash has played prominent roles
at several Internet start-ups including GetActive Software, RespondTV
and Global Network Navigator, which was bought by AOL.
-- Jill Blickstein, Managing Director, Research. Before joining RHG, Ms.
Blickstein was a Vice President at Fannie Mae, working in the office
of the Chair. Earlier, she served as a Special Assistant to the
Director of the Office of Management and Budget.
Also joining the RHG Operating Committee are three other executives:
-- Bryce Williams, CEO, Extend Benefits LLC. Prior to joining Extend,
Mr. Williams was the Senior Vice President of Marketing and Business
Development at eHealth -- the parent company of eHealthInsurance
Services. During his tenure there, eHealth became the largest
individual health insurance broker in the United States. Earlier, Mr.
Williams served as Director of Development for OnCare, a leading
oncology physician practice management company.
-- Web Gonklin, CEO, InterFit, Inc. Mr. Gonklin has been the CEO of
InterFit for the past three years. Earlier, he served as CEO of
American Medical Communications, Inc., which became one of the
nation's largest producers and distributors of health-related
television and video programming; he was also the CEO of America's
Health Network, Inc., which become the nation's largest health-related
cable television network and one of the most popular health-related
websites.
-- Terry Hunter, CEO, ConnectYourCare, Inc. Mr. Hunter has over 30 years
of experience in the consulting and software integration industries,
with a focus on benefits and HR administration. He is the former CEO
of Cap Gemini's IT services subsidiary, Sogeti USA; the former CEO of
Campsix, a Silicon Valley Internet-products incubator; and, the former
President of Renaissance Worldwide's Global Solutions business.
"I'm pleased to join with this all-star team as we build the Revolution
Health Group," said John Pleasants, CEO of RHG. "Working together, we can
bring consumers new choices -- new products and new services -- that will
empower them and help them lead healthier lives."
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