At-home diagnostics firm LetsGetChecked introduced it has finalized its acquisition of digital pharmacy and telehealth startup Truepill.
LetsGetChecked gives at-home assessments for sexual well being, diabetes, thyroid, ldl cholesterol and COVID-19, whereas TruePill is an internet digital pharmacy.
The acquisition expands LetsGetChecked pharmacy and know-how choices, permitting for a extra prolonged interval of protection, from well being testing to remedy, for the corporate’s sufferers and for Truepill sufferers to entry LetsGetChecked well being assessments and digital care companies.
Truepill will function as a subsidiary of LetsGetChecked.
“We’re excited to hitch forces with LetsGetChecked to convey our digital pharmacy capabilities to a broader viewers,” Paul Greenall, CEO of Truepill, stated in an announcement.
“By integrating our pharmacy platform with the great well being options supplied by LetsGetChecked, we’re offering our clients and sufferers with a first-in-kind, full healthcare expertise that gives continuity from screening by remedy. Collectively, we may also help extra life sciences, well being plan, employer, and supplier clients ship the very best high quality care and expertise for sufferers.”
THE LARGER TREND
In 2022, LetsGetChecked secured a $20 million strategic funding. It additionally moved into the genomics area with the acquisition of Veritas Genetics and Veritas Intercontinental and bought BioIQ, an organization that works with employers and well being plans to supply lab testing, well being screening and vaccination companies.
The New York-based firm accomplished a Collection D funding spherical value $150 million a 12 months earlier than. The elevate adopted previous funding rounds in 2018, 2019 and 2020.
Earlier this 12 months, Truepill partnered with healthcare know-how prescription specialist agency ScriptDrop to mix ScriptDrop’s same-day prescription supply service with Truepill’s platform, permitting sufferers to decide on their retail pharmacy for treatment supply through ScriptDrop’s two-hour service.
In 2022, the Drug Enforcement Administration (DEA) slapped Truepill with an Order to Present Trigger for unlawfully dishing out 1000’s of prescription stimulants used to deal with ADHD, together with Adderall.
The DEA alleged the California-based on-line pharmacy crammed greater than 72,000 managed substance prescriptions between September 2020 and September 2022, of which 60% have been for stimulants, together with generic types of Adderall.
The company additionally claimed Truepill allotted managed substances for prescriptions that weren’t issued for official medical functions, crammed prescriptions written by prescribers who didn’t possess a correct state license, and unlawfully exceeded the 90-day provide limits.
