Fruit Street Health

Fruit Street Health

Fruit Street Health - Delivering High Quality Telemedicine Services & Software for the Benefit of the Public's Health

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Security Type
Other
Categories
Other
Min Investment
$250
Location
New York, NY
Offering Date
May 12, 2020
Expected Close Date
August 13, 2020
Target Raise
$10.00K-$250.00K
Deal Notes

$2.50 per share

Security Type: Class A Common Stock

Valuation
$100,000,000

Company Description

Fruit Street Health is a physician-funded telehealth company founded in 2014 that offers telemedicine services through its own business and managed medical practices. Fruit Street's telemedicine services include general telehealth software that is licensed to other partners, and an online diabetes prevention program (DPP) fully-recognized by the CDC. Fruit Street Health manages the entity Covid MD PLLC, that provides a new risk assessment, triage and video consult platform designed specifically to handle potential COVID-19 cases.

Key Deal Facts

Fruit Street Health manages Covid MD PLLC, an online medical service offering risk assessment, personalized guidance, on-site and at-home test coordination, and immediate access to vetted doctors via live video chat.
The Telemedicine Market size was valued at USD $45 billion in 2019 and expected to grow to $175.5 Billion by 2026.
To date, Fruit Street Health has raised approximately $20 million in debt and equity from more than 200 physicians, including over $3.5 million in financing since the ideation of CovidMD at the beginning of March 2020.

Use of Proceeds

Marketing and StartEngine Platform Fees

Management Team / Advisory Board Bios

Laurence Girard
Chief Executive Officer
Laurence Girard is the CEO and Founder of Fruit Street Health, which offers the only diabetes prevention program (DPP) delivered via live video conferencing with Registered Dietitians and manages COVID.MD. Laurence is a telehealth innovator and has been working in the healthcare space since 2011. He is also an alumni of the Kairos Society, a global network of social entrepreneurs focused on having a social impact. Laurence received his Bachelor of Liberal Arts at the Harvard Extension School. He is also a Managing Director of Hippocrates VC and an owner of the New Amsterdam Football Club. Fruit Street is Laurence's primary job and he works there 40 hours a week.

Ian McFarland
Chief Technology Officer
As the CTO of Fruit Street Health, Ian McFarland brings more than 30 years of experience as an entrepreneur and technologist. Prior to joining the company, he served as the CTO and Co-Founder of Pearl Therapeutics, which develops and delivers clinically-validated software-based therapeutics to provide better outcomes for patients, smarter engagement and tracking tools for clinicians, and cost-effective solutions for payers. As a veteran in the technology industry, he also held various leadership positions for companies like Friendster, WIRED Magazine, Pivotal Labs and DIgital Garage and has served as a speaker at industry events including SxSW, Lean Startup Conference and JavaOne.

Anjmun Sharma MD
Lead Medical Advisor and Director
Dr Sharma is Board Certified in Family Medicine. His mission is to provide his patients with improved health, quality of life, daily activity level, and to help his patients achieve their personal goals through careful follow up, ongoing physical therapy, tools for personal growth, and delivery of high quality medical care. Dr. Sharma is licensed in Colorado, Utah, Washington, Oregon, Idaho, Ohio, New Mexico, Texas, South Carolina, & Nevada. His professional vision is to develop resources with other like minded physicians and health care providers to promote positive impacts in healthcare delivery in his community as well as regionally and beyond. His personal passion is to support, develop, and assist other individuals in achieving continuously successful results through leadership guidance and mentorship. Dr. Sharma works part-time for Fruit Street Health.

Jeremy Tucker MD
Board of Directors
An emergency physician who completed his residency in emergency medicine and internal medicine from Midwestern University in Chicago, IL in 2003, who now serves as Senior Vice President of Mid-Atlantic Region for US Acute Care Solutions. Dr. Tucker started at MEP Health in 2005 and became a managing partner who helped grow the company into the recognized leader in emergency and observation medicine in the mid-atlantic and northeast region. At the end of 2015, MEP Health joined with three other companies to co-found US Acute Care Solutions which has nearly 100 locations in 18 states. He is currently responsible for patient safety, and also has roles with operations, risk and quality. Dr. Tucker also has a strong interest in technology in healthcare and co-founded a healthcare startup called Medssenger based in Baltimore in 2015. Dr. Tucker is a Fellow of the American College of Osteopathic Emergency Physicians where he holds a committee chair position. He is also a Fellow of the American College of Osteopathic Internists. He also has a strong interest in UAV technology in healthcare, is an active blogger on healthcare topics and serves as an editorial advisor for FierceHealthcare. Dr. Tucker contributes to Fruit Street in an advisory and board member capacity

Deal Notes

$2.50 per share

Security Type: Class A Common Stock

Amount Raised : $41,703
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