Quantum Health CEO led $18.5B merger
Was a Silicon Valley health care executive
With an eye toward taking the company she founded to the next level, Quantum Health CEO Kara Trott is turning her chief executive role over to a Silicon Valley health care executive who led his company to an $18.5 billion acquisition in 2020.
Former Livongo Health CEO Zane Burke, 55, will become Quantum’s next executive leader Sept. 27, joining its board, which Trott will continue to lead.
Burke was CEO of Silicon Valley-based Livongo until it was bought by the Purchase, Harrison New York-based Teladoc, a provider of virtual doctor visits, in the biggest health care acquisition of 2020, a hot year for deals. Livongo provides coaching services that help people manage chronic conditions, not unlike the services Quantum provides to companies in managing employee health plan interactions.
Burke also previously worked at health care technology company Cerner, most recently as president.
Quantum says his technology and big data expertise will expand what it can offer to clients and their workers.
Trott, 60, said the move shouldn’t be interpreted as her stepping away from the business she founded in 1999.
“My job is to make sure an organization has everything it needs for the next step,” Trott said.
The decision to hire Burke is a reflection that the company needs a new kind of leader to take the company to the next level as the business continues to grow 25% to 30% a year, she said. As a private company, Quantum doesn’t publicly disclose its financial results.
“We don’t see that growth rate slowing down,” she said. “Actually, we see it revving up faster.”
Trott founded Quantum Health to address the growing complexity of health care and with the belief that no one should have to navigate the health care experience alone.
Companies such as Allstate and Honda hire Quantum to manage their health plans.
Health care workers called warriors talk on the phone, chat online and provide support to help employees of their clients, whether it is selecting a doctor, getting clinical support or connecting with community resources.
Trott said her strength has been