Rochester, Minn.-based Mayo Clinic has invested in a virtual care startup focused on chronic pain relief.
Here are five things to know from the Dec. 9 news release:
1. Mayo Clinic participated in an oversubscribed $11 million series A financing round for Lin Health, a virtual chronic pain treatment platform.
2. The health system was already an existing investor in the company, which was founded in 2021.
3. Venture capital firm Proofpoint Capital led the investment round.
4. Lin Health partners with health systems, clinicians and payers to offer a “physician-led, coach-supported virtual program” to treat conditions such as back and joint pain, irritable bowel syndrome, and migraines.
5. Chronic pain costs the healthcare system an estimated $635 billion annually, more than cancer and diabetes combined.
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