Deals
Everlywell Valued at $2.9 Billion With PWNHealth Deal
- Blackrock-backed startup was featured on TV Show ‘Shark Tank’
- Home Access Health Corp. also acquired by Everlywell
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Digital health business Everlywell is valued at $2.9 billion after acquiring PWNHealth and Home Access Health Corp. in a cash and stock deal, according to people familiar with the matter.
The companies will be combined under a newly formed parent company, Everly Health, according to a statement Wednesday. The Austin, Texas-based business saw strong growth during the coronavirus pandemic, as consumers turned to Everlywell for home Covid-19 testing as well as other health diagnostic kits.