Amazon, JPMorgan, Berkshire Hathaway appoint CEO of joint healthcare venture

By Pouyan Broukhim

Jeff Bezos' Amazon, Warren Buffett's Berkshire Hathaway, and JPMorgan have named Atul Gawande as the Chief Executive Officer of the three companies' joint healthcare venture.

"Jamie, Jeff and I are confident that we have found in Atul the leader who will get this important job done," Buffett said.

See also:

Gawande currently practices surgery at Brigham and Women's Hospital, whilst also standing as a professor at the Harvard T.H. Chan School of Public Health and Harvard Medical School in Boston.

He will join the firm in his new role as CEO on 9 July.

The venture was first announced in January, with the trio of firms stating that the new company would look to reduce employee healthcare costs in the US, claiming that inflation in the healthcare sector is holding back economic growth.

The joint venture will utilise technologies such as big data analytics in the aim of both cutting waste and improve care and general operational efficiencies compared to existing healthcare operators.

Leading healthcare operators in the US, including the likes of CVS Health and Express Scripts, saw their share prices drop off the back of the initial announcement in January.

Share

Featured Articles

Microsoft, McDonald’s latest firms to run civil rights audit

Microsoft and McDonald’s join Amazon, Citi, JPMorgan and others in conducting civil rights audits, as investor pressure to achieve racial equity mounts

Deep dive: Investment in carbon capture rises as CO2 spikes

Investment in carbon removal solutions and startups is heating up as fast as the planet, with Temasek and CEMEX Ventures the latest VCs to launch funds

Dialight envisions a safe industrial world with LED lights

Reliance on inefficient lighting technologies are not only harmful to the environment, but also increase injury risk and cost

Top 10: Tech, cyber, 5G, cloud speakers at TECH LIVE LONDON

Technology & AI

Eight big announcements made at Davos 2022, from ESG to tech

Sustainability

Hear Vodafone Business cyber chief Kawalec at Cyber LIVE

Leadership & Strategy