Kindbody is the Largest Women-founded,
Women-led Fertility Company Serving Employers and Families through
its National Clinic Network and Proprietary Technology
Platform
NEW YORK, June 11, 2024 /PRNewswire/ -- Kindbody, the
leading national fertility clinic network and global
family-building benefits provider for employers, today announced
its Founder and Executive Chairman, Gina
Bartasi, will return as the company's CEO during a time of
unprecedented growth. The Company recently shared that it expected
to deliver revenue in the range of $225-$250 million
for 2024 and is now profitable after years of significant
investment into new clinic locations and proprietary technology.
Bartasi succeeds Annbeth Eschbach
after months of succession planning, partnering to ensure the team
and business continues on its remarkable growth and profitability.
Eschbach will continue her support as an Operating Partner in the
coming months. Kindbody also announced that Gina Bruzzichesi, who joined the Company earlier
this year as Chief Operating Officer, has been promoted to
President, and Haleigh Tebben, has
been promoted from Chief Revenue Officer to Chief Commercial
Officer.
Bartasi founded Kindbody in late 2018 and opened its first
flagship location in Manhattan in
September 2019 to forever change the
face of family-building care, making it more equitable and
affordable. Bartasi is a well-respected leader in the fertility
industry having founded Progyny (NASDAQ: PGNY) and
FertilityAuthority. Bartasi subsequently founded Kindbody to serve
the demand from large, self-insured employers to purchase fertility
benefits directly from providers circumventing the intermediary and
saving millions.
Kindbody is the largest women-founded, women-led fertility
company providing family-building and women's healthcare benefits
to 121 employers covering more than 3.1M lives. The company provides women's
healthcare from menarche to menopause both virtually and in-clinic.
It saves employers 25%-30% through direct contracting, and
currently services all 50 states and 108 countries outside the U.S.
through a network of 35 owned and operated signature clinics.
Kindbody's model is highly differentiated in that it is the only
family-building benefits provider for employers that owns and
operates fertility clinics. As the direct provider of care,
Kindbody is uniquely positioned to decrease cost, improve the
patient experience, and deliver better health outcomes.
"I'm incredibly proud of our world class team and the hard work
and enthusiasm they've shown to build something industry leading
and game changing. There's more work to do and we're eager to
continue to lead the way. Our team and their dedication is
inspiring to any leader who wants to do more, so I'm honored to
return," said Kindbody's Founder and Chair and incoming CEO
Gina Bartasi. "Our mission, since
inception, has been to prioritize patient care by reducing the
friction and fragmentation in healthcare. In the last several
years, we've launched Kindlabs, our in-house PGT-A business,
Kind360, our holistic women's healthcare services treating mental
healthcare and nutrition, KindEOS, our embryo, oocyte and surrogacy
agency, KindRx, Kinddoula and Kindbaby".
As President, Gina Bruzzichesi
will oversee the company's day-to-day operations, ensuring
operational, people, and technology excellence, and driving the
execution of strategic initiatives. Bruzzichesi joined Kindbody
earlier this year and has deep leadership experience in human
resources and operations, having run a $2
billion division at Aspen Dental Management, where she
served as Chief Operating Officer, as well as at CLEAR, WeWork, and
Avis. Additionally, the company is promoting Haleigh Tebben from Chief Revenue to Chief
Commercial Officer. In this new role, Tebben will oversee employer
revenue and marketing. Tebben has 25 years of experience in
insurance, consulting, and healthcare, including serving as Chief
Commercial Officer at Brightline.
From its founding, Bartasi believed healthcare couldn't truly be
changed without first investing in technology, so its initial seed
capital acquired the foundational code for KindEMR. Fertility is
highly predictable and the objective was to replace anecdotal
decision-making with predictive technology.
Kindbody's proprietary technology is centered on its HIPAA
compliant electronic medical record (KindEMR) for increased
standardization of care, offering online scheduling for virtual and
in-person appointments and an intuitive patient portal.
The KindEMR supports the full spectrum of reproductive health
and family-building care including both female and male fertility,
fertility preservation, genetic testing, in vitro fertilization
(IVF), donor and surrogacy services, and adoption. Additionally,
Kindbody has invested heavily to improve artificial intelligence
(AI) in fertility treatment. The Company is working on several AI
products including: a more personalized, standardized decision
making tool allowing for more efficiency for the provider; an
improved prognosis tool so the patient knows what to expect and
predicts their likelihood of success; and AI in the lab to better
predict which embryo is best to transfer and which egg is best to
fertilize.
About Kindbody
Kindbody is the leading national
fertility clinic network and global family-building benefits
provider for employers offering the full spectrum of reproductive
care from preconception to postpartum through menopause. Kindbody
is the trusted fertility benefits provider for 121 leading
employers, covering 3.1 million lives. Many thousands more receive
their fertility care directly from Kindbody throughout the country
at signature clinics, mobile clinics, and partner clinics. As the
fertility benefits provider, technology platform, and direct
provider of care, Kindbody delivers a seamless, integrated
experience with superior health outcomes at lower cost, making
fertility care more affordable and accessible for all. Kindbody has
raised $315 million in debt and
equity funding from leading investors including Perceptive
Advisors, JP Morgan Chase's Morgan Health, GV (formerly Google
Ventures), RRE Ventures, Claritas Health Ventures, Rock Springs
Capital, Walleye Capital, Bramalea, Monashee Capital, and Whatif
Ventures. Visit www.kindbody.com. and follow us on Instagram, X,
and Linkedin.
Contact:
|
Margaret Ryan
Kindbody
press@kindbody.com
|
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SOURCE Kindbody