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Corporation
INTERNET | Internet Software & Services
theplatform.com

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Founded Year

2000

Stage

Acquired | Alive

Total Raised

$44.25M

Valuation

$0000 

About thePlatform

thePlatform is staying true to the company's original vision of a media management and publishing technology that supports varied business models and scales to deliver media to an audiences on the web. We're focused on solving the most difficult problems in the industry. The company help users find their audience via syndication, generate revenue via broadband video advertising, create compelling playback experiences, and more.

thePlatform Headquarter Location

3101 Western Avenue Suite 300

Seattle, Washington, 98121,

United States

206-436-7900

Latest thePlatform News

SPAC Mergers with 2 Telehealth Companies to Form Public Digital Health Company in $1.35B Deal

Nov 24, 2020

What You Should Know: – GigCapital2 Inc has agreed to merge with UpHealth Holdings Inc and Cloudbreak Health LLC to create a public digital healthcare company valued at $1.35 billion, including debt, the blankcheck acquisition company said on Monday. – The combined company will be named UpHealth, Inc. andwill continue to be listed on the NYSE under the new ticker symbol “UPH”. Blank check acquisitioncompany GigCapital2 agreed to merge with Cloudbreak Health, LLC, a unified telemedicine and video medicalinterpretation solutions provider and UpHealthHoldings , Inc., one of the largest national and international digitalhealthcare providers to form a combined digital health company. The deal is valuedat $1.35 billion, including debt. the combined company will be named UpHealth, Inc. and will continue to belisted on the NYSE under the new ticker symbol “UPH”. Following the merger, UpHealth will be a leading globaldigital healthcare company serving an entire spectrum of healthcare needs andwill be established in fast growing sectors of the digital health industry.With its combinations, UpHealth is positioned to reshape healthcare across thecontinuum of care by providing a single, integrated platform of best-in-classtechnologies and tech-enabled services essential to personalized, affordable,and effective care. UpHealth’s multifaceted and integrated platform provideshealth systems, payors, and patients with a frictionless digital front doorthat connects evidence-based care, workflows, and services. “We are excited to partner with UpHealth and Cloudbreak through our Private-to-Public Equity (PPE)™ platform. The combined UpHealth has all the hallmarks we look for in a successful partnership, including a world-class executive team and an exceptional business model with scale, strong growth, and profitability margins in the digital healthcare industry. We are particularly excited about the opportunity to provide our Mentor-Investor™ discipline in partnership with an exceptional global leadership team, as well as participate in a high-tech integrated platform that comprises a variety of cutting edge disciplines, such as the Artificial Intelligence platform being developed by Global Telehealth in conjunction with the tech-enabled Behavioral Health divisions. We are confident UpHealth is at the inflection point and positioned for accelerated growth.” – Dr. Avi Katz – Founder and Executive Chairman of GigCapital2 Combined Company Offerings Upon closing the pending mergers and the combination with Cloudbreak, UpHealth will be organized across four capabilities at the intersection of population health management and telehealth: 1. Integrated Care Management: Thrasys Inc. (“Thrasys”) has reinvested $100M of customer revenue todevelop its innovative SyntraNet Integrated Care technology platform. Theplatform integrates and organizes information, provides advancedpopulation-based analytics and predictive models, and automates workflowsacross health plans, health systems, government agencies, and communityorganizations. The platform plans to add at least 40 million lives to UpHealthin the next 3 years to support global initiatives to transform healthcare. 2. Global Telehealth: will consist of a U.S. division and an international divisionthat, together, are anticipated to grow revenues by an additional $47 millionin 2021. The U.S. division ofGlobal Telehealth following the combination, Cloudbreak, is a leading unifiedtelemedicine platform performing more than 100,000 encounters per month on over14,000 video endpoints at over 1,800 healthcare venues nationwide. TheCloudbreak Platform offers telepsychiatry, telestroke, tele-urology, and otherspecialties, all with integrated language services for Limited English Proficientand Deaf/Hard-of-Hearing patients. Cloudbreak’s innovative, secure platformremoves both distance and language barriers to improve patient care,satisfaction, and outcomes. The internationaldivision of Global Telehealth following the combination, Glocal HealthcareSystems Pvt. Ltd (“Glocal”), is a global provider of virtual consultations andlocal care spanning the care continuum. It has designed proven, affordable andaccessible solutions for the delivery of healthcare services globally. Theplatform provides a full suite of primary and acute care services, including anapp-based telemedicine suite, digital dispensaries, and hospital centers. Theplatform has signed several country-wide contracts with government ministriesacross India, Southeast Asia, and Africa. 3. Digital Pharmacy: MedQuest Pharmacy (“MedQuest”) is a leading full-service manufactured and compounded pharmacy licensed in all 50 states that pre-packages and ships medications direct to patients. The company also offers lab services and testing, nutraceuticals, nutritional supplements, education for medical practitioners, and training for organizations, associations, and groups. MedQuest serves an established network of 13,000 providers. The MedQuest platform is poised for strong growth via targeted product expansion and expansive eCommerce capabilities for the entire provider network. UpHealth and MedQuest have mutually executed a merger agreement, the closing of which is awaiting regulatory approval for the transfer of licenses expected by the end of 2020 or early 2021. 4. Tech-enabled Behavioral Health: TTC Healthcare, Inc. (“TTC Healthcare”) andBehavioral Health Services LLC (“BHS”) offer comprehensive servicesspecializing in acute and chronic outpatient behavioral health, rehabilitationand substance abuse, both onsite and via telehealth. UpHealth’s BehavioralHealth capabilities have dramatically expanded use of telehealth for medicaland clinical services and are leveraging UpHealth’s platform to increasevolumes across its services. UpHealth and TTC Healthcare have mutually executeda merger agreement, the closing of which is awaiting regulatory approval forthe transfer of licenses expected prior to the end of 2020. Global Financial Impact and Reach UpHealth will have agreementsto deliver digital healthcare in more than 10 countries globally. These variouscompanies are expected to generate approximately $115 million in revenue andover $13 million of EBITDA in 2020 and following the combination, UpHealthexpects to generate over $190 million in revenue and $24 million in EBITDA in2021.

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Expert Collections containing thePlatform

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

thePlatform is included in 1 Expert Collection, including Smart Money VCs (2017-2019).

S

Smart Money VCs (2017-2019)

6,297 items

We crunched the data to identify the 24 VC firms with the best combination of portfolio valuations and investment outcomes.

thePlatform Patents

thePlatform has filed 34 patents.

The 3 most popular patent topics include:

  • Video on demand services
  • Abstract data types
  • Access control
patents chart

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thePlatform Web Traffic

Rank
Page Views per User (PVPU)
Page Views per Million (PVPM)
Reach per Million (RPM)
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thePlatform Rank

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