Insurer nib takes 50% stake in medtech startup Midnight Health in $4 million deal

Digital health startup Midnight Health has partnered health insurer nib, in a $4 million deal for a 50% equity stake in the business. 

The healthtech venture launched its first platform, Youly, in February this year, offering delivery of the Morning After Pill along with additional women’s healthcare needs, such as the contraceptive pill, thrush, sleep and HSV-2 treatments.

Youly is complemented by Midnight Health’s men’s vertical, Stagger, which launched in August.

The two platforms offer a network of Australian doctors, pharmacies and healthcare partners to provide an online patient experience with treatments through to delivery.

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