SAN FRANCISCO, Nov. 17, 2014 /PRNewswire/ -- Laurence Girard, Founder and CEO of Fruit Street Health (Fruit Street), along with Fruit Street's Advisory Board, today announced that it has been and is continuing to offer free shares in its company to previous investors in Prevently, Inc., a failed telehealth company previously founded by Girard. Girard was ousted as Prevently's Chief Executive Officer earlier in 2014.
In an effort to help Prevently investors, Girard has offered free shares in his latest venture, Fruit Street Health, a digital wellness and telemedicine platform which helps patients live a healthier lifestyle while enabling healthcare providers to connect with patients using telemedicine and wearable mobile technologies. The free shares, which have been offered for the last nine months, are available to each Prevently investor who made their investment prior to its closing and Girard's subsequent termination.
"The situation at Prevently was unfortunate, and I and Fruit Street, believe it is important to show any investors that we are committed to helping them by offering free shares in Fruit Street Health, which we believe will become one of the most innovative and transformational technology platforms in the digital health and wellness space," said Laurence Girard, Founder and CEO of Fruit Street Health. "Despite the fact that we had no obligation to take this action, we simply felt this was the right thing to do as we go above and beyond to show Prevently investors how committed we are to giving them a return on their investment."
This news comes on the heels of last month's announcement that Fruit Street had raised a $500,000 round of seed investment, led by a series of individual investors, the majority of whom are prominent physicians. Additionally, Fruit Street recently announced the appointment of leading physicians to its Advisory Board and the opening of its headquarters in the San Francisco East Bay. Fruit Street has also partnered with one of the leading telemedicine software companies in the world. More details are expected to be announced in the coming months as the Fruit Street Health platform is launched to the public.
For more information on Fruit Street Health, and to sign-up for updates in advance of the company's launch, please visit www.fruitstreet.com.
ABOUT FRUIT STREET HEALTH:
Fruit Street Health is a new digital wellness and telemedicine platform which helps patients live a healthier lifestyle while enabling healthcare providers to connect with patients using telemedicine and wearable mobile technologies. Fruit Street Health's platform is expected to launch in late 2014. For more details, please visit www.fruitstreet.com.
SOURCE Fruit Street Health