Haven, Amazon-Berkshire-JPMorgan’s well being disruption firm, is disbanding after three years

Jeff Bezos, Warren Buffett and Jamie Dimon.

CNBC

Haven, the joint venture of three of America’s most powerful health care companies to cut costs and improve outcomes, is being disbanded after three years, CNBC has exclusively learned.

The company began informing employees on Monday that it will close by the end of next month, according to people with direct knowledge of the matter.

Many of the Boston-based company’s 57 employees are expected to be employed at Amazon, Berkshire Hathaway, or JPMorgan Chase as the companies advance their efforts individually, and the three companies are expected to continue to work informally on health projects.

The announcement three years ago that the CEOs of Amazon, Berkshire Hathaway and JPMorgan Chase had teamed up to address one of the American company’s biggest problems – high and soaring health care costs – sparked shock waves across the medical world out. Health care company stocks fell on fears that the combined power of technology and financial leaders could pull costs out of the system.

Brooke Thurston, a spokeswoman for Haven, confirmed the company’s plans to shut down, making the following statement:

“”The Haven team has made good progress researching a wide range of healthcare solutions and exploring new ways to make primary care easier to access, make insurance benefits easier to understand and use, and make prescription drugs more affordable, “Thurston said in an E -Mail .

“Going forward, Amazon, Berkshire Hathaway and JPMorgan Chase & Co. will leverage these findings and continue to work informally together to develop programs that are tailored to the specific needs of our individual employee populations and locations,” she said.

A Berkshire Hathaway spokeswoman said the company had no “additional comment”.

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