DST is teaming up with Frost Data Capital, a California-based incubator and venture capital firm, to create two to four startups over the next year.
Their focus will be on innovation in health care, especially when it comes to Big Data. The startups will be focusing on decision-making, risk assessment and consumer engagement.
“Our priority on health outcomes optimization requires delivering higher value insights from the pharmacy and medical data we manage for our clients every day,” said Teri Mullaney, president of DST Health Solutions.
“As a preeminent provider of pharmacy and health care solutions, we believe having a team whose sole focus is on improving the future of healthcare management will benefit our customers greatly.”
Frost has helped launch more than 20 companies. Its specialties include health care, industrial Internet of Things, security and manufacturing.
“Our alliance with DST further strengthens and validates our combined expertise in health care and IoT,” said Tom Giles, a general partner at Frost Data Capital. We’re excited to be working with DST to extend their already significant presence in the healthcare market.”