- McKesson’s Change Healthcare is close to buying PokitDok, a health-tech start-up that is best known for trying to apply blockchain technology to health care transactions.
- PokitDok raised more than $55 million in venture capital.
McKesson’s Change Healthcare is close to buying PokitDok, a company that is best known for being among the first to apply blockchain technology to the health care sector.
Change, a health tech company which is majority-owned by medical distribution giant McKesson, was in late-stage talks to buy start-up on Friday, according to four people familiar with the deal, and is planning announce it later this week assuming the deal closes. The people declined to be identified as they were not authorized to talk about the deal before its public announcement.
The deal could help McKesson get a leg up in blockchain services, a potential growth area. In November, Change teamed up with Tibco to explore using blockchain technology to make health care transactions run more smoothly.
PokitDok helps other start-ups access APIs, or application program interfaces, to more easily plug into thousands of different health companies’ computing systems to do things like check prices for a procedure or a patient’s billing status. The company is also building a service based on blockchain technology to try and make health care transactions more secure and faster. PokitDok announced a deal with Intel, Amazon, and others in 2017 to help scale that service.
PokitDok is backed by more than $55 million in venture capital from firms including McKesson’s ventures arm and a slew of other investment firms. Its founder is Lisa Maki, who stepped down in 2017 to work as an entrepreneur in residence at Storm Ventures.
Other companies were also interested in PokitDok, including VSP Global, a vision insurance company, and MedImpact, a pharmacy benefits manager.
Change and PokitDok did not respond to requests for comment.
With CNBC in the U.S., CNBC in Asia Pacific, CNBC in Europe, Middle East and Africa, and CNBC World, CNBC is the recognized world leader in business news and provides real-time financial market coverage and business information 410 million homes worldwide, including more than 90 million households in the United States and Canada. CNBC also provides daily business updates to 400 million households across China. The network’s 15 live hours a day of business programming in North America (weekdays from 4:00 a.m. – 7:00 p.m. ET) is produced at CNBC’s global headquarters in Englewood Cliffs, N.J., and includes reports from CNBC News bureaus worldwide. CNBC at night features a mix of new reality programming, CNBC’s highly successful series produced exclusively for CNBC and a number of distinctive in-house documentaries.
CNBC Digital delivers more than 52 million multi-platform unique visitors each month. CNBC.com provides real-time financial market news and information to CNBC’s investor audience. CNBC Make It is a digital destination focused on making you smarter about how you earn, save and spend your money by zeroing in on careers, leadership, entrepreneurship and personal finance.
CNBC has a vast portfolio of digital products, offering CNBC content to a variety of platforms such as: CNBC.com; CNBC PRO, a premium service that provides in-depth access to Wall Street; a suite of CNBC mobile apps for iOS and Android devices; Amazon Alexa, Google Assistant and Apple Siri voice interfaces; and streaming services including Apple TV, Roku, Amazon Fire TV, Android TV and Samsung Smart TVs. To learn more, visit https://www.cnbc.com/digital-products/.
Members of the media can receive more information about CNBC and its programming on the NBCUniversal Media Village Web site at http://www.nbcumv.com/programming/cnbc. For more information about NBCUniversal, please visit http://www.NBCUniversal.com.