Amazon, Berkshire Hathaway, JPMorgan End Health-Care Venture

Amazon chief executive Jeff Bezos.

Photo: AFP via Getty Images

Jan. 4, 2021 1:19 pm ET

The high-profile health-care venture launched by Amazon. AMZN -2.25% com Inc., Berkshire Hathaway Inc. BRK.B -1.69% and JPMorgan Chase JPM -1.07% & Co. will cease its independent operations in February, it said on its website Monday.

Haven, which was first unveiled in January 2018 and incorporated in Delaware as a limited liability company, had aimed to develop new ways to ease access to primary care, simplify insurance coverage and make prescription drugs more affordable, the company said.

“Moving forward, Amazon, Berkshire Hathaway, and JPMorgan Chase & Co. will leverage these insights and continue to collaborate informally to design programs tailored to address the specific needs of their own employee populations.”

Tech giants like Amazon and Apple are expanding their businesses to include electronic health records — which contain data on diagnoses, prescriptions and other medical information. That’s creating both opportunities and spurring privacy concerns. Here’s what to know. Photo Composite: Heather Seidel/ The Wall Street Journal (Originally Published January 9, 2019)

Write to Kimberly Chin at [email protected]

This post first appeared on wsj.com