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Agenda 05-24-22; 5-a - Public Hearing Regarding Proposed Lease Agreement and Economic Development Incentive Agreement for Well Dot, Inc.
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Agenda 05-24-22; 5-a - Public Hearing Regarding Proposed Lease Agreement and Economic Development Incentive Agreement for Well Dot, Inc.
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5/19/2022 3:16:34 PM
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BOCC
Date
5/24/2022
Meeting Type
Business
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Agenda
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5-a
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Agenda for May 24, 2022 BOCC Meeting
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\Board of County Commissioners\BOCC Agendas\2020's\2022\Agenda - 05-24-2022 Business Meeting
Minutes 05-24-2022 Business Meeting
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Path:
\Board of County Commissioners\Minutes - Approved\2020's\2022
OTHER-2022-027-PERFORMANCE AGREEMENT BETWEEN ORANGE COUNTY, NORTH CAROLINA, AND WELL DOT, INC.
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\Board of County Commissioners\Various Documents\2020 - 2029\2022
OTHER-2022-030-LEASE PROVISIONS TERM SHEET
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Path:
\Board of County Commissioners\Various Documents\2020 - 2029\2022
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Company Fact Sheet 48 <br /> • Company Overview: Well is a healthcare technology company that provides technology-enabled solutions to <br /> consumers to enable them to navigate their health and wellness needs. <br /> o Well uses a combination of personalized guidance, motivation and rewards paired with concierge support from Well <br /> Guides to engage members in the advancement of their health. The approach is designed to help each member <br /> identify and pursue opportunities to improve their health and lower costs. <br /> o The platform encourages health empowerment for all members, notjust those with acute conditions and higher cost <br /> of care, and encompasses the full spectrum of healthcare needs, including prevention and wellness, health education, <br /> chronic disease and behavioral health management, medication support and healthcare system navigation. <br /> • Incorporation: January 2019/ DE Corporation Website: https://well.co/ <br /> • Financing: <br /> • Raised +$118M (Seed - 2019, Series A - 2020, Series B - 2021) <br /> • Series B raise of$72M closed in Dec 2021 <br /> • Key investors include co-founders, Mosaic Health Solutions (BCBS NC), General Catalyst, Hellman & <br /> Friedman Partners, Valeas Capital Partners,John Doerr, Tom Nelson, and other strategic healthcare <br /> investors <br /> • Primary Locations: Chapel Hill, NC; Newton (Boston), MA; New York, NY; and Minneapolis, MN <br /> • Headcount (as of March 2022): 138, including 42 in NC <br /> well Conf dentia)and Proprietary I All Rights Reserved 3 <br />
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