Sun Life invests in Pillway

Simpill Health Group under the name Pillwayannounced this Sun life invested $9.5 million in the company to expand its technology-enabled healthcare services.

This minority investment allows Pillway to advance its mission of integrating technology and personalized care. The company is the provider of the technology platform and pharmacy services behind the app Lumino Santé Pharmacy of Sun Life was recently launched in June 2023.

“The partnership between Pillway and Sun Life is helping to redefine the way people manage their health. The service is available to Sun Life group benefit plan customers across Canada,” the company said in a press release about this funding round. Sun Life’s investment follows $5 million in seed funding Sun Life received GOOD health in 2020.

“We strongly believe in the work Pillway is doing to improve pharmaceutical care across Canada,” said Alison ChicksSenior Vice President, Health Solutions Sun Life Health. “Today’s investment underlines this shared vision. »

In addition to the $9.5 million in financing, Sun Life may also invest an additional $1.5 million in the future.

The Lumino Pharmacy app allows Sun Life benefits plan members to discuss their medications with a live pharmacist via chat or phone. Medications are delivered, packaging is personalized, and customers can manage refills through the app. “This builds on the momentum created by our acquisition of dialog », specifies Sun Life.

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