What's Happening?
Ashley Tyrner-Dolce, founder of FarmboxRx, has joined HLM Investment Partners to support new healthcare startups. FarmboxRx, which started as a direct-to-consumer produce box company, shifted to working with insurers to provide fresh food as a benefit
to members. The company grew to $55 million in annual revenue and partnered with over 90 national health plans, impacting more than 2 million individuals. After becoming profitable, FarmboxRx was acquired by Pyx Health for nearly $50 million. Tyrner-Dolce's experience in bootstrapping and growing FarmboxRx positions her to guide new startups in navigating the healthcare market.
Why It's Important?
Tyrner-Dolce's move to HLM Investment Partners highlights the growing interest in innovative healthcare solutions that address social determinants of health, such as food insecurity. Her experience with FarmboxRx demonstrates the potential for startups to create impactful business models that integrate health and wellness. By supporting new ventures, Tyrner-Dolce can help drive innovation in the healthcare sector, potentially leading to more comprehensive and accessible health solutions for underserved populations.
Beyond the Headlines
The acquisition of FarmboxRx by Pyx Health underscores the increasing value placed on addressing social determinants of health within the healthcare industry. By integrating food as a component of healthcare engagement, companies can improve patient outcomes and reduce healthcare costs. This trend may encourage more healthcare providers and insurers to explore similar models, fostering a more holistic approach to health and wellness.
