Sarah Pringle
Areas of the healthcare industry will likely be triggered into action, spurring innovation, as bottlenecks in the system become increasingly clear amid covid-19, says the venture and growth-equity investor.
HealthQuest Capital, a Belmont, California-based growth capital firm that invests exclusively in healthcare, has closed its third fund at its $440 million hard cap. Fund III was targeting $300 million, HealthQuest Founder and Managing Partner Garheng Kong said. The firm’s second fund collected $225 million in March 2016. HealthQuest has raised more than $785 million […]
Andrew Adams, co-founder and general partner of Oak HC/FT, leads the Greenwich, Connecticut, firm’s healthcare team. Adams formed Oak HC/FT alongside Annie Lamont and Patricia Kemp in 2014 as a spinout from Oak Investment Partners. The venture firm backs entrepreneurs, investing in early- to growth-stage tech-enabled companies in healthcare and fintech. Recent healthcare bets include […]
Tonic Health, a Silicon Valley startup that helps healthcare providers collect payments and data from patients digitally and more efficiently, is evaluating a sale, VCJ publisher Buyouts Insider has learned. Keval Health has been engaged to provide financial advice to Tonic, according to a person with knowledge of the situation. The patient-engagement company in 2018 […]
Celmatix, the health-tech startup that uses big data to improve reproductive medicine, is seeking a round of financing, Buyouts has learned. The women’s-health startup has turned to Jefferies for financial advice on the capital raise, people familiar with the matter said. The process is expected to launch imminently, one of the people said. Celmatix works […]
Evolve BioSystems is gearing up to take its infant probiotic global and create new products that fight malnutrition, having scored a $40 million Series C financing led by the Bill and Melinda Gates Foundation and Horizon Ventures, Li Ka Shing Foundation’s venture arm. The latest financing round brings the Davis, California, startup’s total funding to date to $70 million, […]
Venture-capital-backed Aspire Health, which manages in-home end-of-life care for individuals facing serious illness, is exploring strategic alternatives, four sources said. Goldman Sachs is financial adviser to the Nashville palliative-care provider, the sources said. Aspire as early as January engaged in on-and-off discussions with strategic buyers, including health insurers, one source said. One possible outcome of the process […]
Frazier Healthcare Partners has raised its second pool of capital focused exclusively on growth buyouts of profitable lower-mid-market healthcare companies. Frazier Healthcare Growth Buyout Fund IX collected $780 million, surpassing its $700 million target. Investors included existing and new limited partners, including endowments, public/private pension funds and financial institutions. The GP commitment will represent 4 percent […]
Watermill Group has sent a letter to its portfolio companies, advocating for a culture of safety and calling on its management teams to update their codes of conduct and launch sexual-harassment training throughout their organizations. The letter, which comes in the wake of the #MeToo movement, appears to be one of the first instances in which […]
Virgin Pulse, the employee-health-engagement firm backed by Richard Branson’s Virgin Group and Insight Venture Partners, is exploring a sale, VCJ’s sister publication, Buyouts, has learned. Evercore is providing financial advice to Virgin Pulse, two sources said. The Providence, Rhode Island, company, previously known as Virgin HealthMiles, generates revenue of $100 million to $125 million and is profitable, they said. A third […]