← Back to the club

Outcome Health

Healthtech/advertisingUSA
🤝 Acquired
Peak $5.5 BillionToday
~-99%
from peak
  1. 🦄
    Became a unicorn
    2017
  2. 📈
    Peak valuation
    $5.5 Billion ’17
  3. 💔
    Became a Unitard
    Oct 2017
  4. 💸
    Last valuation
    ~$55M
Current status
Fraud exposed; merged into PatientPoint (2021)

How it happened

Outcome Health put pharma-advertising screens in doctors' offices and raised at a $5.5B valuation in 2017 from Goldman Sachs, Alphabet and the Pritzkers. Investigators found it had defrauded advertisers and lenders of roughly $1B by inflating its reach. Its founders were convicted, and the remnant was folded into rival PatientPoint in 2021.

Source: DOJ; founders convicted of ~$1B fraud

🦄