Healthcare investment firm Patient Square Capital launched a new portfolio company: Elevage Medical Technologies. The company will support growth-stage medical device companies by providing capital, as well as operational and clinical expertise — it received an initial investment of $300 million from Patient Square.
Co-founded by former CMS administrator Andy Slavitt, the investment firm, which is focused on vulnerable populations covered by Medicare and Medicaid, also made new investments in three companies: Landmark Health, Bright Health and Strive Health.
The future looks bright for the integrated specialty pharmacy model – for health systems, providers, and most importantly, for patients.
The management team departures follow cuts affecting half of Safeguard's staff earlier this year.