Haven, the joint venture formed by three of America’s most powerful companies to lower costs and improve outcomes in health care, is disbanding after three years, CNBC has learned exclusively.
The company began informing employees Monday that it will shut down by the end of next month, according to people with direct knowledge of the matter.
Many of the Boston-based firm’s 57 workers are expected to be placed at Amazon, Berkshire Hathaway or JPMorgan Chase as the firms each individually push forward in their efforts, and the three companies are still expected to collaborate informally on health-care projects, the people said.
(Featured image is “Insurance Disclaimer” by andrew steinmetz and is licensed under CC BY-SA 2.0)
Who knew health care was so hard?Report
While that may be true, it doesn’t seem to be the main issue in this case:
One key issue facing Haven was that while the firm came up with ideas, each of the three founding companies executed their own projects separately with their own employees, obviating the need for the joint venture to begin with
As noted in the excerpt above, all three companies are still working on projects in the space.Report
There are a lot of people dunking on this (in the same vein as ‘who knew healthcare is hard’), but on the other hand, if this consortium had been widely successful, everyone would also be mad because they would be ‘another super rich “monopoly”’Report