Debevoise & Plimpton LLP is advising funds managed by Blackstone Growth as co-investors in the formation of Hydrogen Health, LLC, alongside K Health. The joint venture is also backed by an investment from Anthem, Inc. (ANTM) and is an important step in seeking to help increase access to healthcare services and make healthcare more affordable for millions of people in the U.S. For more information, please see the press release announcing the joint venture.

Hydrogen Health will seek to lower healthcare costs by leveraging K Health’s cutting-edge Artificial Intelligence technology to bring digital-first healthcare to the employer and consumer markets.

The Debevoise team is led by M&A partners Jennifer Chu and Kevin Rinker and includes counsel David Iozzi, associates Jason Auman, Spencer Gilbert, Sarah Jacobson and Joel Salomon, benefits partner Meir Katz and associate Wendy Widman, tax partner Peter Furci, counsel Sam Duncan and associate Erasmo Perez and intellectual property partner Henry Lebowitz and associate Ben Sundholm.