[2] Shah developed a business plan for ContextMedia at Northwestern with classmates Derek Moeller and Shradha Agarwal in 2006 to distribute health educational content to doctors' offices and waiting rooms monetized by ad revenue from pharmaceutical companies.
[7] In May 2017, Outcome Health raised over $500 million from investors led by Goldman Sachs, CapitalG, and Pritzker Group at a $5.6 billion valuation.
[8] This followed a Wall Street Journal investigation published in October 2017 alleging that Outcome Health misled advertisers with manipulated information.
[11] In November 2019, Shah and coworkers were charged for their alleged roles in a fraud scheme that targeted the company’s clients, lenders and investors, and involved approximately $1 billion in fraudulently obtained funds.
Alongside Shah, Outcome Health co-founder Shradha Agarwal and former COO Brad Purdy were also found guilty, with their sentencing scheduled for later in the same week.