Foley Represents Transcarent in Acquiring Part of 98point6 for $100M

Foley & Lardner LLP represented health and care experience company Transcarent in acquiring AI-powered virtual care platform capabilities and the care business of 98point6 in a deal worth up to $100 million. The acquisition gives Transcarent access to 98point6’s leading AI-powered virtual care technology and an affiliated medical group of providers skilled at delivering high-quality, on-demand care.

Since 2015, 98point6 has been a leader in using AI to create quality, personalized text-based care experiences for people while significantly improving physician productivity. The agreement will provide current 98point6 self-insured enterprise customers, health systems, and payors easy access to Transcarent’s comprehensive health and care experience platform, including EveryDay Care, Pharmacy Care, Care@Home, Surgery Care, and Complex Care.

The transaction closed on March 31. 98point6 will continue developing innovative technology solutions and focus on licensing its 98point6 Technology Platform software to third-party health care providers.

The Foley deal team was led by Partners Nick Welle and Hannah Zaitlin and Senior Counsel Evan Hellman. The team also included Associates Hannah Demsien, Stephanie Schwartz, Jessa Boubker, Clara Greaney, and Zachary Sher.

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