According to publicly available data compiled by ProPublica, Startup Health was approved for a $340,290 loan through the Paycheck Protection Program in April 2020.
Startup Health seemed to have had a clean bill of fiscal health before the pandemic.
When the company closed its second round of funding in September 2018, industry journal MedCity News reported that Startup Health had amassed $31 million in investments backed by the likes of Swiss pharmaceutical giant Novartis, California-based medical technology company Masimo, and notably the venture capital arm of the Chinese insurance company Ping An. Part of an effort dubbed "Health Transformers Fund II," Startup Health announced that the money would focus on medical innovations to fight cancer, expand access to health care for women, and improve overall nutrition and fitness and brain health.
Like so many other companies affected by the pandemic, Startup Health applied for PPP funding two years later in 2020.
Startup Health did not return RealClearPolitics' request for comment, but there is no evidence the allocations were improper or that the president knew that his son-in-law was taking advantage of the program that candidate Biden criticized.
As vice president, Biden helped put Startup Health in contact with the White House.
The White House directed RCP to a spokesperson, Carol Wilkerson, for the Small Business Administration, who declined to offer specific details on the Startup Health funding, citing the Privacy Act.
It's becoming increasingly difficult to discern fact from fiction, and unfortunately the media has a strong bias. They spin stories to make conservatives look bad and will go to great lengths to avoid reporting on the good that comes from conservative policies. There are a few shining lights in the media landscape-brave conservative outlets that report the truth and offer a different perspective. We must support conservative outlets like this one and ensure that our voices are heard.
Thursday, April 22, 2021
Son-in-Law Benefited From Loan Program Biden Ripped
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