Now these companies intend to remake healthcare.
Investing in health start-ups, developing or collaborating on new tools for consumers, patients, doctors, insurers and medical researchers, they seek to make a different landscape.
The three trillion dollars spent on healthcare in the US is a big magnet.
In the first 11 months of this year, 10 of the largest tech companies in the United States were involved in healthcare equity deals worth $2.7 billion, up from just $277 million for all of 2012, according to data from CB Insights, a research firm that tracks venture capital and start-ups.
The New York Times reports each tech company is taking its own approach, betting that its core business strengths could ultimately improve people’s health — or at least make health care more efficient. Apple, for example, has focused on its consumer products, Microsoft on online storage and analytics services, and Alphabet, Google’s parent company, on data.
Malay Gandhi, an executive at Greylock Partners, a venture capital firm is quoted in the Times article:
Apple is trying to drag medicine from where it currently takes place — in hospitals and clinics — and move it to the consumer side, to your phone.
Learn about the varied and exciting ventures going on in The New York Times