Amazon, Berkshire, JPMorgan's healthcare venture names COO

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September 4, 2018 4:10 PM EDT

FILE PHOTO: Warren Buffett, CEO of Berkshire Hathaway Inc, pauses while playing bridge as part of the company annual meeting weekend in Omaha, Nebraska U.S. May 6, 2018. REUTERS/Rick Wilking/File Photo

(Reuters) - The newly formed healthcare venture of Amazon.com Inc, Berkshire Hathaway Inc and JPMorgan Chase & Co on Tuesday hired Jack Stoddard as chief operating officer.

Stoddard was previously general manager for digital health at Comcast Corp. His appointment is effective Tuesday, a spokeswoman for the venture said on Tuesday.

Amazon, Berkshire and JPMorgan announced the joint venture in January, saying U.S. healthcare costs were rising too fast and holding back economic growth.

The venture is being led by well-regarded surgeon, author and industry critic Atul Gawande, who was appointed as chief executive officer in June.

The joint venture will use big-data analysis and other high-tech tools to improve care and cut costs.

(Reporting by Sanjana Shivdas in Bengaluru; Editing by Anil D'Silva)


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