![FemTech: Midi Health secures $60 million to expand virtual clinic for perimenopause and menopause](https://hitconsultant.net/wp-content/uploads/2024/04/Midi-Health-Team-1500x1000.jpg)
What you should know:
– Midi Santéa virtual clinic for women going through perimenopause and menopause, secured $60 million in Series B funding led by Emerson Collectivebringing Midi Health’s total funding to $100 million.
– This investment highlights a growing national focus on women’s health, particularly during midlife transitions. With more than 1.2 billion women worldwide entering perimenopause or menopause by 2030, and 85% of them experiencing symptoms that could significantly impact their lives, the need for specialized care is undeniable. However, only 20% of obstetrician-gynecologists and even fewer primary care physicians receive training dedicated to menopause.
Filling a Huge Gap in Women's Health Care
Founded in 2021, Midi Santé is a pioneer in meeting this critical need. By offering virtual care focused on perimenopause and menopause, they have become the fastest growing clinic in this area. In just one year, they have served tens of thousands of patients nationwide, partnered with leading health systems and benefits platforms, and are even offered as employee benefits by Fortune 100 companies.
Investment fuels growth and impact
This new funding round positions Midi Health for exponential growth. The company plans to:
- Expand insurance coverage: Building on its existing national reach, Midi Health will increase insurance coverage options for patients.
- Clinical expertise at scale: By hiring and developing 150 additional clinicians by the end of the year, Midi Health will ensure efficient, personalized care to a broader patient base.
- Diversify services: Midi Health will expand its service offerings to address a broader range of health concerns for middle-aged women.
- Fueling public awareness: Midi Health will amplify the conversation about midlife women's health, ensuring they are empowered to seek the care they deserve.
- Reach 1 million women per year: By 2029, Midi Health aims to serve more than one million women annually, making a significant impact on their well-being.
Proven results and economic potential
Midi Santé's commitment to quality care is reflected in a recent survey of 2,200 patients. More than 90% of patients reported improvement in key symptoms within a few months of starting Midi Health. These improvements ranged from hot flashes and sleep disturbances to mood and cognitive problems.
The investment in Midi Health reflects a growing national recognition of health care gaps for women, particularly around menopause. With growing support for innovative solutions like Midi Health, including a recent executive order from President Biden promoting women's health research, Midi Health is poised to revolutionize midlife wellness for millions of women . The economic impact is also significant. A McKinsey report suggests that closing gaps in menopause care could boost the global economy by $1 trillion by 2040.
“We launched Midi with one specific goal: to help women access world-class, expert perimenopause and menopause care, covered by insurance, and we have been at the forefront of delivering on that promise said Joanna Strober, CEO and co-founder. from Midi Santé. “But what we also learned is that addressing the health concerns of midlife women is more complex than simply treating hot flashes and prescribing hormone replacement therapy. Midi takes a holistic, multi-symptom care approach designed to help women live their best, most productive and fulfilling lives, whether it's medications, lifestyle coaching, supplements natural or other supports. Our goal now is to expand services and reach to continue this comprehensive, personalized care well beyond menopause.