Jan 04, 2021
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About this Deal
The Haven healthcare venture created by Amazon, Warren Buffett’s Berkshire Hathaway and JPMorgan Chase is shutting down.
The end of the venture, which launched with great fanfare three years ago in a press release from the three business titans, never really got off the ground with steady leadership and included several executives who came and left after short stints. One key hire, Dr. Atul Gawande, stepped down as CEO after a short time but remained on the board.
A year ago, one Haven executive departed after less than a year in a key operations role, further adding to the often rocky rollout and execution of a healthcare company that many touted as a watershed moment in employer efforts to reign in healthcare costs and improve quality.
But Haven said it did launch some pilot programs and those efforts would now be continued at Amazon, Berkshire and JPMorgan. Haven didn’t mention those efforts in a website announcement that it “will end its independent operations” at the end of February, the company’s website says.