BlackRock has announced it has invested $500 million into a new network of providers to help people with health issues like diabetes and hypertension manage their health, including in the US.
The investment, which the online investment firm said would begin in 2019, will see BlackRock open a new health care network in the United States.
BlackRock said in a statement: “We’re excited about this new venture.
We believe that we have the right combination of technology and services to enable our customers to access the care they need at a competitive price.”
Blackrock has previously opened a medical research network in Australia, while in 2015 it opened a new healthcare technology company in the UK.
In 2018, BlackRock said it would also be investing in another network of health services in Canada, with a target of having 1 million providers by 2020.
Currently, the majority of health insurance and health insurance-related spending is funded by individuals, but it is also used by employers and other organisations.