Thirty Madison and Nurx are combining and here’s what Steve Gutentag, CEO of Thirty Madison and the soon-to-be-combined entity, is stating about the offer!
This is a merger of 2 well-funded, direct-to-consumer, virtual-care-plus-pharmacy start-ups that provide specialized and specialist care and prescription drugs to an integrated 750,000 active clients, with or without insurance coverage. To-date, Nurx has actually raised an overall $110 million, and Thirty Madison closed a Series C in June 2021 that brought their overall financing to $210 million with a then-valuation of over $1 billion.
Thirty Madison presently handles migraines, allergic reactions, GI concerns, and guys’s loss of hair, while Nurx (when described as “the Uber of contraception”) brings a mainly females’s health focused portfolio of persistent condition care concentrating on sexual health, birth control, STIs, and dermatology.
What makes sense about this mix? And, what’s the big-picture prepare for distinction versus competitors like Hims & Hers or Ro’s Rory or Roman brand names– OR, the myriad virtual-first medical care centers that have appeared in-person and online and use more conventional paths to look after these very same such conditions?
Steve talks thoroughly about the persistent care focus of both organizations, how each is offering access to professionals and professionals clients would not otherwise have the ability to see, and how both business’ tech platforms are constructed to scale together with the addition of brand-new conditions. Still … why combine take care of this variety of conditions rather of, state, either Thirty Madison or Nurx seeking to discover a merger partner who could broaden their platform into high-demand persistent care locations like diabetes management, heart health, or psychological healthcare? Is that what’s next, after the documents on this merger is signed? Tune in for more on Steve’s prepare for the future of the NEW Thirty Madison and how “longitudinal care designs” aspect into its technique to win over more clients AND their companies and payers.
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