Haven Healthcare, a new healthcare company formed by JPMorgan Chase & Co., Berkshire Hathaway, and Amazon in 2018, has announced it will end its independent operations at the end of February (February 2021).

At the time of the forming of the new company in 2018, the approach taken by the companies was considered a potential game-changer in healthcare delivery by uniting the resources of three large companies to develop and implement innovative ways to provide healthcare for their US employees with the aim of improving employee satisfaction and reducing healthcare costs.

Now, three years after starting the new companies, Haven will disband operations with each company focusing on their own healthcare models for their employees.  “[i]n the past three years, Haven explored a wide range of healthcare solutions, as well as piloted new ways to make primary care easier to access, insurance benefits simpler to understand and easier to use, and prescription drugs more affordable,” said Haven in a company statement issued on its website. “Moving forward, Amazon, Berkshire Hathaway, and JPMorgan Chase & Co. will leverage these insights and continue to collaborate informally to design programs tailored to address the specific needs of their own employee populations.”

Source: Haven Healthcare