Healthcare Venture Launched by Amazon, JPMorgan and Berkshire Hathaway Goes Bust

Haven—the healthcare company formed by Amazon, JPMorgan Chase and Berkshire Hathaway—is apparently no more. The healthcare company began telling employees on Monday about plans to shut down by the end of next month, CNBC reported first on Monday morning. Haven was first announced in January 2018 as a venture that could leverage their combined resources to create health solutions to benefit their U.S. workforces and, eventually, all Americans. Their main targets: the complexity of healthcare coverage and out-of-control costs. Read more here.

(Source: Tina Reed; Fierce Healthcare; 1/5/21)