US company HealthCare.com is set to acquire Arizona-based start-up Pivot Health, which specialises in offering short-term health insurance policies. No financial details were released. Both companies were founded by current Pivot CEO Jeff Smedsrud, and the latter firm will continue to operate independently after the acquisition closes. The deal comes as a number of other healthcare startups are looking for new funding amid an uncertain economic climate.
US company HealthCare.com is set to acquire Arizona-based start-up Pivot Health, which specialises in offering short-term health insurance policies. No financial details were released. Both companies were founded by current Pivot CEO Jeff Smedsrud, and the latter firm will continue to operate independently after the acquisition closes. The Trump administration recently unveiled a proposed rule to increase the availability of short-term health coverage.