Form Health, The Leading Provider of Science-Based Obesity Care in the United States, Raises $38 Million Series B Led By Sound Ventures
2024年6月26日 - 9:18PM
ビジネスワイヤ(英語)
Capital Will Be Used To Expand Access to
Virtual High-Quality, Science-Based Obesity Care Delivered by
ABOM-Certified Physicians
Today, Form Health, the leading provider of science-based
obesity care in the United States, announced it has raised a $38
million Series B with Sound Ventures serving as the lead investor.
M13, SignalFire, and Next View Ventures also participated in the
round. Form will use the funds to accelerate its work with
enterprise partners, support the hiring of American Board of
Obesity Medicine (ABOM) physicians to deliver science-based obesity
care, and invest in its telehealth technology platform.
Since its founding in 2019, Form Health has provided care to
tens of thousands of patients across the United States via its
unique telehealth care model, which includes a dedicated clinical
Care Team consisting of a board-certified doctor and a Registered
Dietitian. The Care Team develops an individualized weight loss
plan for each patient that addresses lifestyle changes and includes
a prescription for FDA-approved weight loss medication, if
appropriate. Form is in-network with most major insurance plans,
including Medicare. Patients can work with Form through an employer
benefit program or by signing up individually.
“We are in a transformational moment in how we understand and
treat obesity and metabolic disease and, with this new funding,
Form Health can accelerate our work setting the standard in safe,
high-quality, evidence-based obesity care,” said Evan Richardson,
founder and CEO of Form Health. “Form Health’s many strategic
relationships with employers, pharma companies, and patients are
the result of offering science-based obesity care delivered by
board-certified physicians and Registered Dietitians that drives
long-lasting results for patients. This approach is fundamentally
different from the many players in the category who are focused on
handing out GLP-1s or potentially dangerous compounded medicine
without the clinical care required for safe, long-term patient
outcomes. We are excited to continue to deliver exceptional obesity
care to the many Americans who need it.”
With this new capital, Form Health is investing in three areas
of growth:
- Enterprise Partners: Form Health has launched several strategic
relationships with major employer partners including multiple
Fortune 200 companies. The company is rapidly expanding its reach
with employers, consultants, and health plans.
- ABOM-Certified Physicians: Form Health only employs
ABOM-certified physicians. There are currently only around 8,000
such physicians in the United States. The company will accelerate
the hiring and training of these physicians to keep up with patient
demand.
- Technology & Product Development: Form Health’s program is
delivered 100% virtually through telehealth visits and unlimited
messaging. Form also uses a digital scale and interactive app to
work closely with its patients. The company will continue to design
features and products that assist in the delivery of high-quality
care.
“Obesity care is in the early innings of an innovation
revolution and Form Health has emerged as the clear leader with its
science-based approach,” said Effie Epstein, Managing Partner at
Sound Ventures. "Through its work with Fortune 500 companies and
strategic relationships with pharmaceutical players, Form’s
clinical model has delivered consistent outcomes for tens of
thousands of patients. It is quickly developing one of the
largest-ever data sets on obesity care, a critical step in directly
tackling one of the major conditions in our healthcare system."
Form Health was founded in 2019 by Evan Richardson, who serves
as CEO. Florencia Halperin, MD, MMSc serves as Chief Medical
Officer. She is also the co-founder of the Center for Weight
Management and Metabolic Surgery at Brigham and Women’s Hospital.
Form previously raised $26.8 million in funding.
About Form Health
Form Health is the national leader in science-based obesity
care. Our clinical care model consists of one-on-one, personalized
care from a dedicated ABOM-certified physician and a
CSOWM-certified Registered Dietitian, who develop individualized
treatment plans that address nutrition, physical activity, mindset
shifts, and include a prescription for FDA-approved medication, if
appropriate. Form Health keeps safety, efficacy, and outcomes at
the forefront as we incorporate the latest research and science
into our approach. This means we’re always innovating, constantly
getting smarter about the science of obesity care, relentlessly
focusing on exceptional results, and calling out harmful practices
that hold back progress. The result is life-changing outcomes for
our patients and meaningful ROI for our enterprise partners. Form
Health is in-network with national health plans. Learn more at
formhealth.co.
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Julie Halpin Julie.Halpin@formhealth.co