Hoy Health Secures Multi-Million Dollar Seed Funding to Build Primary Care Platform Targeting Underserved Hispanic Communities

VCBeat (WeChat Official Account: vcbeat) has learned that on April 10, local time, Hoy Health, headquartered in New Jersey, USA, announced the completion of a multi-million-dollar seed funding round. This round was jointly invested by 3Rios Ltd, RAAD Broadcasting Corp, and Rios Commercial Corp.

This round of funding will be used to build the Hoy healthcare service platform. Even consumers without health insurance can purchase affordable, price-transparent primary care services on the platform. Notably, the platform focuses on serving Hispanic users.

Hoy Health, founded in 2017, specializes in providing primary care services and has established the HoyMEDS program. HoyMEDS is a free prescription drug discount program that allows any consumer to purchase all FDA-approved medications at significant discounts at more than 62,000 participating pharmacies nationwide. Consumers can save up to 80% on prescription drug costs, with an average savings of 54%. Hoy Health has developed an innovative chronic disease management program that provides patients with 24/7 support. Additionally, Hoy Health offers telemedicine and wellness services suitable for the entire family. Its telemedicine platform features hundreds of bilingual (English and Spanish) healthcare professionals, delivering high-quality, culturally competent care without language barriers to the 65 million Hispanic residents in the United States.

“The offerings from Hoy Health are highly meaningful, providing affordable healthcare services to populations whose medical needs are underserved,” said Roberto Davila Rios, President of 3Rios Ltd. “We are impressed by Hoy Health’s approach to prescription drug purchasing, chronic disease management, and telemedicine services, which will reduce costs for those in greatest need of care.”

Mario Anglada, CEO of Hoy Health, stated, “Following an extensive due diligence process, 3Rios has proven to be an ideal partner. Roberto Davila Rios, President of 3Rios, is an investor in multiple media and real estate ventures in Puerto Rico and possesses profound insights into both the U.S. Hispanic community and Latin American communities. As a strategic partner, RAAD Broadcasting Corp will also promote Hoy Health through its media platforms.”

3Rios Ltd, established in 1944, is a real estate developer. It develops and constructs properties for U.S.-based companies, including Procter & Gamble, National Biscuit, and Honeywell. Today, it manages over 350,000 square feet of office and warehouse properties.

Raad Broadcasting Corporation, established in 1972, primarily provides radio broadcasting services to the public.

Rios Commercial Corporation, established in 2003, provides professional and personalized services, including asset acquisition and disposition, tenant representation, investment analysis, advisory services, market analysis, and site selection.

Reference link:

https://www.hoyhealth.com/

lhttp://www.finsmes.com/2019/04/hoy-health-completes-multi-million-dollar-first-seed-funding.html

(Compiled by Liu Na）