Fenwick & West represented Omada Health, a digital care program that empowers people to achieve their health goals through sustainable lifestyle change, in its investment from Intermountain Ventures, the strategic investment arm of Intermountain Healthcare.
The investment expands a relationship between the two organizations that began five years ago. In 2016, Intermountain Healthcare and Omada launched an innovative partnership in conjunction with the American Medical Association to deliver digital diabetes prevention services via physician referral. In addition to producing strong clinical outcomes for enrolled individuals across Utah, the collaboration has provided a roadmap for large healthcare organizations adopting proven digital health solutions. The Omada Program became a covered benefit for Intermountain employees and their adult dependents in 2019.
More information about the investment can be obtained from Omada’s announcement.
The Fenwick transaction team included corporate partner Michael Esquivel and associates Ryan McRobert, Noah Johnson and Michael Ohta.