Case Study: WithMe Health saves $150K+ winding down with SimpleClosure

WithMe Health saves $150K+ winding down with SimpleClosure

WithMe Health, a venture-backed healthcare technology company that had raised $70 million, faced the immense challenge of an orderly wind-down. Operating in 39 jurisdictions with a complex structure of pharmacy licenses and employees across 20 states, the process was exceptionally complicated. After the board's decision to dissolve the company, fractional CFO Kent Elmer was left to manage the entire shutdown and turned to the vendor SimpleClosure for their dissolution service.

SimpleClosure provided a programmatic process and expert knowledge to navigate the wind-down, which included managing communications with numerous government agencies. The platform also offered valuable visibility into the progress of the dissolution. By using SimpleClosure, WithMe Health saved an estimated $150,000 to $200,000 compared to managing the process internally, making the complex dissolution efficient and cost-effective.

WithMe Health