A new $75 million investment fund has been created by Connecticut-based HealthInvest Equity Partners, according to a filing with the SEC.
The investment firm, formed in 2013, focuses on a wide range of areas within healthcare, from woman’s health companies to urgent care providers to medical imaging.
The company was formed when Wilf Jaeger, M.D., a founding partner of Three Arch Partners, joined CHL Medical Partners. Tim Howe is the fund’s CEO. Currently, the firm is looking to invest in companies in a number of areas, including those that are:
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— increasing consumer convenience
— improving elder care
— providing specialized or alternate site care
— increasing access to care
— responding to legislative and regulatory changes
— utilizing new technology to improve care delivery
With regard to technology, the firm seems to favor device and pharma companies.
“The continued development of new technology, drugs and medical devices creates change in the standard of care in treating many illness and injuries,” according to its website, which MedCity News was referred to upon inquiring. “The advent of such new treatments can allow for the development of service businesses, and product businesses, specializing in the efficient delivery of these higher quality or more cost-effective therapies, and such companies are potentially attractive to us.”
Consumer convenience also stands out, with the firm noting that more cost is being shouldered by consumers in an effort to drive costs down.
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“As a result, the opportunity for companies delivering convenience and value to the healthcare consumer is substantial,” it says.
Companies that are currently backed by the firm include Ella Health, CareWell Urgent Care, Dicom Grid, SUN Behavioral Health, MedMark Services and Fidelis Senior Care.
The fund has also supported a number of companies that have since been sold to other investors, payers and health systems. They include Arcadian, which was purchased by Humana, and U.S Health Works, which was purchased by Dignity Health.
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