Internet and technology conglomerate Alphabet has exited US-based health coaching platform Rise, which has been acquired by primary care provider One Medical Group.
The amount paid by One Medical has not been disclosed, but people familiar with the matter told the Wall Street Journal the purchase price was “about $20m”.
Rise’s first product, a nutritional coaching app, was launched in 2014 and has tripled its user base over the past year. The company has also expanded to cover other health goals, such as the management of chronic conditions, and acquired healthy foods recommendation app HealthyOut.
The acquisition follows a $2.3m seed round in 2013 led by Floodgate that included Alphabet subsidiary GV, then called Google Ventures, Cowboy Ventures and Greylock Partners. GV is also an investor in One Medical, which has raised $180m in VC funding.
Rise will be integrated with One Medical’s existing digital health product offering, which can be used to book doctor appointments, renew prescriptions and get treatment for basic health issues.
Kimber Lockhart, chief technology officer of One Medical, said: “One Medical is building and investing in technologies that help us deliver on the promise of affordable health care for all. Health coaching is an important area of investment for us, since preventative care can make such a big difference in people’s health.
“Rise has done a great job helping people make sustainable lifestyle changes through its innovative coaching platform. We look forward to welcoming the Rise team and customers to the One Medical family.”