K. Lance Anderson Quoted in Modern Healthcare on Cone Health Digital Diabetes Venture

Lance Anderson (Member, Austin) was recently quoted in Modern Healthcare’s recent article, “Cone Health Shutter Pricey Digital Diabetes Venture.” Cone Health is abandoning their $10.7 million digital diabetes monitoring venture after citing a highly competitive market for the tools. According to Allied Market Research, the market for digital diabetes management products is highly saturated and is expected to hit $17 billion in global spending by 2026, from just $3.4 billion in 2018. In structuring ventures like this one, health systems must have contingencies in the event of failure, said Lance. That means ensuring the ability to unwind the deal if it’s not working out, whether because of changes in market conditions, the regulatory environment or leadership. Click here to read the full article.