OpenAI has acquired Torch, a healthcare startup focused on unifying lab results, medication data and visit recordings.
The company announced the deal in a post on X.
“Bringing this together with ChatGPT Health opens up a new way to understand and manage your health,” OpenAI wrote in the post.
CNBC, citing sources familiar with the matter, reported that OpenAI purchased Torch for approximately $60 million. Torch employees will join OpenAI as part of the acquisition, according to the report.
Torch CEO Ilya Abyzov said in a separate post on X that the team will help “build ChatGPT Health into the best AI tool in the world for health and wellness.”
The acquisition comes shortly after OpenAI unveiled OpenAI for Healthcare, a suite of AI products designed to support clinical and administrative work at hospitals and health systems. The company also introduced ChatGPT Health, a feature that allows users to securely integrate personal health information with ChatGPT to better understand and manage health-related questions.
At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.
