How much more can we achieve when we choose our partners wisely?
However far we can progress alone, we’ll usually get further with the right partners alongside us. Today’s announcement that Babylon Health, the digital healthcare subscription provider, has raised $550 million to fuel expansion across the USA and Asia underlines that point not just for them but also for the businesses that helped them make it happen.
Babylon Health is already a model of cross-border cooperation, with a team drawn from sixty different countries seeking to deliver wide access to healthcare through a combination human ingenuity and agile artificial intelligence. This AI can assimilate knowledge from the medical community, matching symptoms with existing information and known outcomes.
The latest round of investment values Babylon Health at over $2 billion. It’s a significant moment for them, and not only for them. Leading UK law firm Taylor Wessing was the legal adviser on the investment round, and it marked the first major tech project completed since they entered a formal alliance with California-based Wilson Sonsini Goodrich & Rosati. Six months ago the two firms agreed to work in partnership on transactional work for tech and life sciences clients. The benefits are clear; Taylor Wessing is a powerhouse in Europe but despite having a presence in Silicon Valley and New York, they don’t practice US law. Similarly, Wilson Sonsini have a London office but don’t practice UK law. Now, teams of American and European lawyers have come together to pool their expertise on behalf of Babylon Health, and all parties have come out winners.
It’s Babylon Health’s ambition to deliver unparalleled access to personalised health assessments, treatment advice and face-to-face appointments with doctors around the clock. Teams of general practitioners, specialist clinicians and therapists are on hand for swift and convenient video conferencing, ready to deliver informed advice. One service review tell us of a sick child being connected to a video chat with a doctor within ten minutes of their initial enquiry, with their parents able to pick up medicine from a pharmacist within half an hour. Not all medical problems are so quickly solved, of course but Babylon Health are committed to bringing speedy and efficient care to a global audience.
That’s a lofty goal, but Babylon Health, Taylor Wessing and Wilson Sonsini have already shown us what can be achieved when you choose your partners wisely. We look forward to seeing where they go next.