Livongo founder's new virtual care company raises $58M 

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Transcarent, a digital health platform for self-insured employers founded by former Livongo CEO Glen Tullman, recently secured a $58 million investment as part of its latest funding round. 

Transcarent launched in March 2021 virtual care services such as expert second opinions, medication review and management, physical therapy and site-of-care surgery support, according to a June 10 news release. 

Mr. Tullman founded Livongo and left the company in late 2020 after its $18.5 billion merger with Teladoc Health. 

Transcarent plans to use the $58 million to expand its risk-based offering for self-insured employers and continue building out its consumer-directed digital care platform.

 

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