A New Chapter for RingMD

More than 4 years ago, we set out to create a platform with the mission to bring affordable healthcare to everyone who lacks access.

We believed that basic access to healthcare is a fundamental human right.

It is a bittersweet moment, as I officially announce that RingMD has officially entered the final stages of an acquisition by a US-based Private Equity Group.

During the transition period, we will temporarily suspend the RingMD service as we migrate operations alongside our new partner. We anticipate that this will take approximately another two weeks.

We had a big vision to empower people to take control of their healthcare. Accomplishing this vision as an independent company was a huge challenge, and we decided that the best path forward was with deeper integration with our strategic partners.

Many of our users shared incredible stories about RingMD helping them in moments of need, but in the process, we learned that working to help solve emerging-market healthcare problems is challenging to do alone. Up to this point, we have helped hundreds of thousands of people get access to healthcare — many for the first time ever. I am extremely appreciative of the diligent work of our amazing team, partners and investors who helped us along the way. And to our users, thank you for the opportunity to serve you and for trusting us with your healthcare needs. For that, we are eternally grateful.

RingMD’s story as an independent organization ends here as we proceed down the path of selling the company and becoming part of something bigger.

RingMD will live on and continue to operate from our new HQ in Boston.

Over the coming days, I will share more details as things continue to transpire.

Healthcare

I often think about how important affordable and prevalent access to healthcare is to our future.  More than 29,000 people die every day from treatable and preventable causes and more than 45,000 people from general lack of healthcare.  Many other issues, such as poverty, economic, and war stem from insufficient access to healthcare.  

Simply put, access to healthcare is the greatest challenge of our generation.

I believe that if you could choose one technological advancement to help the most people in the world, connecting every person on the planet to quality and affordable healthcare is probably it.  As history shows, societies and individual quality of life have dramatically improved in direct correlation to improved access to affordable healthcare.  

From the elucidation of human anatomy in 1543 to the invention of body imaging in 1895, and to recent advancements in pharmacotherapy, the effective treatment and prevention of disease has extended life expectancy, reduced disability and holistically increased public optimism beyond what anyone could imagine.  The overall improvements have been outstanding.

The 21st century is one of transition.  I am confident the 22nd century is going to be the century of complete democratization of healthcare.  How exactly this transition will unfold is a mystery, but the challenge is ours to make it happen.

Currently, most of the focus on improving healthcare is targeted at a political level.  In many countries, such as the United States, healthcare is systematically broken.  Governments, which tend to focus on solutions that increase complexity, cannot effectively solve the problem of providing access to quality and affordable healthcare across the globe.  

Although some may cite countries such as Sweden, Singapore and Switzerland (among others), which objectively are working quite well, these models have yet to be effectively proven at scale.

Moving forward, we must focus on instantly connecting every person on the planet to quality and affordable healthcare.

Our future depends on it.