Hearst’s New Health Division Is a Departure from Magazines and TV
Posted in: UncategorizedHearst Corporation, whose holdings include Cosmopolitan magazine and a stake in ESPN, is continuing its push into healthcare and creating a division called Hearst Health.
The unit consists of five healthcare-information companies, as well as an innovation lab and venture fund with a commitment to invest $75 million in startups in the space and a second round of $75 million planned for the future, according to the company.
Hearst already owns or holds a majority stake in the division’s companies, but their lack of a unified brand until now had created challenges when explaining Hearst’s healthcare initiatives to potential clients and employees, executives said..
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