Nomi Health buys VC-backed Artemis Health

Nomi Health has acquired Artemis Health, a healthcare analytics provider.

Nomi Health has acquired Artemis Health, a healthcare analytics provider. No financial terms were disclosed. Artemis Health’s backers include Bessemer Venture Partners, Maverick Ventures, F-Prime, Hearst Health Ventures, and Rose Park Advisors.

PRESS RELEASE

OREM, Utah, January 06, 2022–(BUSINESS WIRE)–Nomi Health, the leading direct healthcare provider in America, today announced its acquisition of healthcare analytics provider Artemis Health — the partner of choice for more than 500 U.S. employers and benefits advisors to make health benefits higher quality and more affordable using data. The transaction gives Nomi Health customers actionable, data-driven insights to materially lower costs and improve the quality of care they deliver to their communities. The acquisition will also accelerate the growth of Nomi Health’s platform and services, which has already delivered higher quality care at lower costs for major buyers of healthcare in more than 15 states.

“We launched in 2019 as a modern platform that enables U.S. healthcare to run better, faster and more cost effectively than the status quo for buyers of healthcare, for providers and for all of us as patients. Since then, we’ve helped our public and private sector customers cut the cost of care by 30 percent while improving access to care for over 10 million Americans. Artemis will play a key role in how the next phase of our platform comes to life,” said Mark Newman, founder and CEO of Nomi Health. “As costs skyrocket and access shrinks, organizations need clear data at their fingertips and partners who know how to turn these insights into action. Our acquisition of Artemis Health does exactly that. Artemis shares Nomi’s outlook that U.S. healthcare is fundamentally broken and new market entrants are best positioned to rebuild it. Artemis’ leadership is well respected, its modern solutions are well designed, and its customers and partners are actively invested in a better way forward. We’re eager to bring Artemis solutions to the nation’s governors, mayors, CEOs and leaders who are now in the driver’s seat of change more than ever because of the pandemic. Together with Artemis, we will accelerate our roadmap to transform U.S. healthcare for good.”

The Artemis Health acquisition immediately bolsters the company’s Nomi Connect platform, a business operating system and payment rails that directly connects providers to buyers. Based in Salt Lake City, Artemis Health is the go-to partner for more than 500 employers, benefits advisors and health plans, including Intuit, US Foods, Paychex, GE Appliances, and J.B. Hunt. With more than 10 million lives on its platform, Artemis’ analytics solutions deliver powerful tools and insights that help employers provide high-quality benefits to their members while managing rising care costs. Their team of 120 will join the Nomi Health team of more than 2,000 while continuing to support their customers with seamless integration.

“Nomi Health shares our passion to improve the cost and quality of healthcare in the US,” said Grant Gordon, Co-founder and CEO of Artemis Health. “We are excited to bring our best-in-class data analytics capabilities to Nomi’s customers and work together to close the gap between insight and action in healthcare. Together we will continue to accelerate Artemis’ development of innovative analytics solutions for employers and their advisors, and further our mission by expanding our impact.”

The acquisition of Artemis Health comes on the heels of Nomi Health’s $110 million Series A, co-led by Rose Park Advisors and Arbor Ventures. Last year, Nomi Health also became the largest corporate donor to RIP Medical Debt, eradicating $225M of medical debt across more than 175,000 Americans. To learn more about Nomi Health, visit https://nomihealth.com.

About Nomi Health
Nomi Health is a direct healthcare company successfully re-wiring how healthcare is bought, paid for and delivered in America, to the benefit of patients, providers and the buyers of healthcare in both the public and private sectors. Based in Orem, Utah, we’re a team of over 2,000 nationwide, each actively working to lower care costs, widen care access and improve the experience for all. The company’s Nomi Care platform — featuring local clinical and operations field teams, a sustainable supply chain, and seven networked laboratories — have served over ten million Americans with everyday healthcare services. Nomi Connect is a business operating system and payment platform enabling organizations to purchase healthcare directly and providers to be paid in real time. Nomi Health’s cross-functional leadership team hails from America’s most established clinical, healthcare, technology and finance organizations. Visit us @NomiHealth and www.nomihealth.com.