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Cone Health shutters pricey digital diabetes venture Print After years of hyping its new digital diabetes monitoring company, Cone Health is scrapping the venture it poured millions of dollars into, citing a highly saturated market for such tools. A few years ago, the Greensboro, N.C.-based health system gave media interviews and fired off press releases promoting the smartphone app it said would revamp diabetes care. But the deal didn t work out as planned. Tucked in a clause of its latest financial statement, Cone said it s winding down the company this year. Not-for-profit Cone, which is in the throes of merging with Sentara Healthcare, declined an interview. Chief Financial Officer Jeff Jones said in a statement that when Cone started the joint venture with Wellsmith, an Austin, Texas, technology company, there were no comparable solutions on the market. Cone s financial statement said the venture was formed in late 2015.

Christopher whaleyJeff jonesDickinson wright andersonDickinson wrightJeanne teshlerK lance andersonBayer agRand corpCone healthSentara healthcareFinancial officer jeff jonesAllied marketsModern healthcare coneTerry akinகிறிஸ்டோபர் வேலீஜெஃப் ஜோன்ஸ்