PatientsLikeMe was bought by UnitedHealth following a review by Trump's Treasury Department, which scrutinized the start-up because it's backed by Chinese cash.
PatientsLikeMe is joining the research and development arm of UnitedHealth, according to an email obtained by CNBC.
Backed by Chinese capital, PatientsLikeMe was forced by the Trump administration to find a buyer following a review by the Committee on Foreign Investment in the United States . Benjamin Heywood, co-founder and president of PatientsLikeMe, speaks at a town hall session on healthcare during the National Summit in Detroit, June 15, 2009.PatientsLikeMe, a health-tech start-up that was forced by the Trump administration to seek out a buyer because its majority owner is Chinese, has found a landing spot:According to an email sent to customers that was obtained by CNBC, PatientsLikeMe joined the insurer's research and development group last Wednesday.
"As always, we are committed to using your data for good, protecting your data, and advancing our understanding of diseases through your partnership," the email said. "There are no changes to the PatientsLikeMe name or your PatientsLikeMe membership. Our community and site remain a place where you can connect, track, and share with others as you've always done."
PatientsLikeMe founder Jamie Heywood confirmed the contents of the email to CNBC. He said that patients were the first to be informed. The news was reported earlier by
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
China says both U.S., China should make compromises in trade talksBoth China and the United States should make compromises in trade talks, Chinese...
Read more »
Trump announces 'hard-hitting' new sanctions on Iran as tensions simmerPresident Donald Trump may have called off the airstrikes — for now — but tensions between the United States and Iran looked set to ramp up elsewhere.
Read more »
#CloseTheCamps trends in response to revelations of inhumane conditions in border facilitiesCloseTheCamps is trending on social media, with users largely rebuking the Trump administration's treatment of migrants, refugees and asylum-seekers in the United States.
Read more »
U.S. set to announce 'significant' sanctions on Iran as tensions simmerPresident Donald Trump may have called off the airstrikes — for now — but tensions between the United States and Iran looked set to ramp up elsewhere.
Read more »
Biden blasts Trump’s ‘racist invective’ in immigration plan roll-out“At a time when the challenges we face demand a united, regional response, Trump repeatedly invokes racist invective to describe anyone south of the Rio Grande.”
Read more »