Steve Case's 'Revolution' Acquires Health and Tech Companies To Flesh Out Consumer Offerings
Revolution Health Group has acquired several start-up firms and has made equity investments in others as part of a plan to unleash a new consumer-oriented health portal and other services next year.
Revolution Health Group, a company launched this summer by AOL's co-founder Steve Case, on Wednesday revealed that it recently acquired several start-up firms and has made equity investments in others as part of the company's goal to unleash a new consumer-oriented health portal and other services next year.
Revolution Health Group, or RHG, is one of three new business groups that are part of Revolution LLC, which Case unveiled in April. Revolution LLC's other two groups will focus on resorts management and "living," which Case reportedly believes are ripe for "disruptive change."
RHG is focused on providing consumers with services such as health-related online content, coverage, and care, says the company.
In addition, RHG also revealed the hiring of its senior management team, which includes a who's who of former business and technology executives, venture capitalists, and government leaders.
The RHG board of directors is chaired by Case, and other members include former U.S. secretary of state Colin Powell; former Hewlett-Packard CEO Carly Fiorina; former Netscape CEO Jim Barksdale; former Oxford Health Plans CEO Steve Wiggins; and former Fannie Mae CEO Frank Raines.
RHG says among the company's recent acquisitions were the purchases of 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 develops 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.
In addition, RHG also acquired a controlling interest in Extend Benefits LLC, which provides individual-benefits systems to corporate America; and ConnectYourCare Inc., which provides health-savings account management, health-care information tools, and other online services. Those two companies will continue to develop and market products under their own brands.
RHG also acquired a minority stake in InterFit Health, a provider of health-screening services and immunizations delivered in retail outlets and at employer worksites.
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