CVS backs virtual care company's $30M financing round

CVS backs virtual care company's $30M financing round unknown

Oshi Health, a virtual specialty care gastrointestinal health company, raised $30 million in a series B financing round led by Koch Disruptive Technologies with participation from CVS Health Ventures.

The company will use the funding to expand its market leadership and build upon the company's momentum, according to an April 11 Oshi Health news release. The news comes after Oshi Health partnered with Aetna to offer virtual care to patients with digestive disorders.

"We've paved the way for broad access to proven treatments that our traditional healthcare system is not structured or incentivized to provide, while building value for patients, employers, health plans and provider groups," Oshi Health CEO Sam Holliday said. "Our investors are collectively funding the change-makers in the most crucial categories of healthcare. They see the transformation opportunity and urgency in digestive care as clearly as we do, and we're proud to have them back our mission to free millions of Americans from their struggle with digestive symptoms and conditions."