TreeHouse Health Lands Partnership With Accenture
TreeHouse Health has added Accenture, a global business services consulting firm, to its team of “anchor tenants.”
Its other two “anchor tenants”—Eagan-based Blue Cross and Blue Shield of Minnesota and Minneapolis-based Hennepin County Medical Center—have aided the company in providing guidance for the healthcare startups TreeHouse invests in. Accenture, which employs 1,600 Minnesotans, will operate much the same, offering services and advice by sending over consultants every month or two, a spokesperson said.
“This effort will provide an environment for our health clients to advance their innovation agenda with connections to a broader ecosystem of digital health startups,” said Brian Kalis, managing director of digital health at Dublin-based Accenture. He added that the company estimates funding for digital healthcare startups, such as wearables and virtual care, could be as much as $6.5 billion by the end of 2018.
Since TreeHouse Health’s founding in October 2013, the “innovation center” has invested in 12 startups, or “portfolio companies.” Each portfolio company has the opportunity to work at the TreeHouse Health headquarters, which is located in the Loring Corners building at the edge of downtown Minneapolis. So far this year, TreeHouse Health has invested in three companies—POPS! Diabetes Care, Sansoro Health, and Reemo.
TreeHouse Health managing director J.D. Blank told TCB last June that the company’s core goal is “to provide all of the resources that growth-stage health care companies need to grow.” According to a statement Blank gave on Monday, he felt “confident that this effort [with Accenture] will help advance the mission of TreeHouse Health and the innovative companies” it works with.