BCBS Kansas invests in Mark Cuban-backed methadone management startup

Blue Cross Blue Shield of Kansas is backing Sonara Health, a startup methadone medication management system. 

Sonara Health raised $3 million in seed round funding from the insurer and First Trust Capital Partners, an investment firm whose portfolio includes several healthcare startups, according to an Oct. 4 news release. 

Mark Cuban, billionaire entrepreneur and owner of the NBA's Dallas Mavericks, was one of the first investors in the platform. 

The startup, founded in 2020, is building a remote methadone treatment management platform to allow patients to take the medication at home. Methadone, used to treat opioid use disorder, is typically administered in a clinic, the release said. 

Copyright © 2022 Becker's Healthcare. All Rights Reserved. Privacy Policy. Cookie Policy. Linking and Reprinting Policy.

 

Featured Webinars

Featured Whitepapers

Featured Podcast

Top 40 articles from the past 6 months