On May 27, 2020, UK-based Babylon, a technology company providing accessible and affordable healthcare by combining AI with doctors, announced its investment in consumer health engagement company Higi, a startup that owns and operates more than 10,000 FDA-cleared self-service Smart Health Stations. Wilson Sonsini Goodrich & Rosati advised Babylon in the investment.
The Series B investment will deepen the effectiveness and expand the reach of care offered through Higi’s Smart Health Stations and digital programming. Through its Smart Health Stations, Higi provides access points that can help people learn about health conditions, assess their risks, and receive personalized recommendations for local care resources and services. Free to use and conveniently located, the Higi Smart Health Station experience is complemented by a suite of digital programming focused on awareness, prevention, and condition management. With a bundled care solution that combines Babylon’s symptom checking and remote digital health tools with Higi’s consumer reach and assessment capabilities, the companies will be able to offer a more end-to-end solution to meet the needs of payers, providers and retailers on the front lines of care delivery.
Babylon led the investment and was supported by additional funding from Higi’s Series A investors 7Wire Ventures, Flare Capital Partners, Jumpstart Capital, Rush University System for Health and William Wrigley Jr.
The Wilson Sonsini team advising Babylon in the investment includes the following attorneys:
Corporate
Megan Baier, Partner
Brendan Mahan, Associate
Abigail Riddle, Associate
Tax
Derek Wallace, Of Counsel
Technology Transactions
Morgan Brown, Associate
Privacy and Cybersecurity
Matt Staples, Partner
Haley Bavasi, Associate
Daniel Chen, Associate
Regulatory
Eva Yin, Associate
Corporate Finance
Dana Hall, Partner
Employee Benefits and Compensation
Sriram Krishnamurthy, Partner