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OpenAI acquires health data startup Torch for $60M

OpenAI has acquired Torch, a healthcare startup focused on unifying lab results, medication data and visit recordings.

The company announced the deal in a post on X.

“Bringing this together with ChatGPT Health opens up a new way to understand and manage your health,” OpenAI wrote in the post.

CNBC, citing sources familiar with the matter, reported that OpenAI purchased Torch for approximately $60 million. Torch employees will join OpenAI as part of the acquisition, according to the report.

Torch CEO Ilya Abyzov said in a separate post on X that the team will help “build ChatGPT Health into the best AI tool in the world for health and wellness.”

The acquisition comes shortly after OpenAI unveiled OpenAI for Healthcare, a suite of AI products designed to support clinical and administrative work at hospitals and health systems. The company also introduced ChatGPT Health, a feature that allows users to securely integrate personal health information with ChatGPT to better understand and manage health-related questions.

The post OpenAI acquires health data startup Torch for $60M appeared first on Becker's Hospital Review | Healthcare News & Analysis.

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