Morgan Health, a business unit of JPMorgan Chase focused on improving employer-sponsored healthcare, has invested $25M in Kindbody, a leading fertility clinic network and family-building benefits provider for employers. The investment aims to expand access to high-quality reproductive healthcare – including addressing infertility – and to decrease costs while improving patient experience and health outcomes.
Kindbody owns and operates fertility clinics, making it a family-building benefits provider that can provide comprehensive virtual and in-person care which results in 25%-30% savings for employers according to the company. Today Kindbody serves 112 large employers covering more than 2.4 million lives and provides a full range of reproductive health services, including fertility assessments, education, preservation, genetic testing, in vitro fertilization (IVF), donor and surrogacy services, adoption, and physical, mental, and emotional support.
Dr. Cheryl Pegus, a Managing Director with Morgan Health Ventures, will join Kindbody’s Board of Directors. She shares: “The barriers associated with fertility make starting or growing a family difficult for millions of Americans. Kindbody’s mission to provide a new fertility experience with their own health care professionals and benefits navigation is unique. Their focus on improving access and health outcomes helps mitigate many of the longstanding equity challenges employers and employees face. I look forward to joining the Kindbody Board and working with the leadership team to meet the health needs for the communities Kindbody serves.”
Kindbody Founder and Chairwoman Gina Bartasi adds: “Only three things matter in healthcare: cost, experience, and outcomes, and only Kindbody, as the provider of care, can effectuate change in all three. Our partnership with Morgan Health will fuel Kindbody’s continued growth allowing us to expand into geographies where the need for high-quality fertility care is in the greatest demand, so that more people can access the essential care they need to become parents. I’ve followed JPMorgan Chase and the Morgan Health team since inception, and I’m honored to have them on our cap table and Cheryl’s expertise in the Boardroom.”
