Health Velocity Capital Raises More Than $185 Million for Inaugural Fund

San Francisco, CA and Nashville, TN – Health Velocity Capital (“Health Velocity”) announced today the final close of Health Velocity Capital I and affiliated funds with more than $185 million in committed capital.  The fund will be invested to further Health Velocity’s mission of generating outstanding returns while helping to build innovative healthcare software and services businesses that contribute to a more affordable, sustainable, consumer-friendly US healthcare system.  This fund represents one of the largest inaugural funds ever raised exclusively for this sector and stage of investment.

Clearlake Capital Leads Strategic Investment in OnShift

CLEVELAND, OH and SANTA MONICA, CA – October 24, 2018 – OnShift, Inc., a cloud-based human capital management (“HCM”) software provider for the long-term post-acute care (“LTPAC”) market, today announced that it has received a strategic equity investment from Clearlake Capital Group, L.P. (together with its affiliates, “Clearlake”), a leading private investment firm, with participation from the Ziegler Link•Age Fund II, L.P., a private equity fund focused on the post-acute and aging marketplace, and existing investor Health Velocity Capital. Financial terms of the transaction were not disclosed.

Spero Health Opens New Treatment Center in Madisonville, KY to Fight Opioid Epidemic

Brentwood, Tenn. – Spero Health, a CARF-accredited organization and leader in outpatient addiction treatment, has announced the expansion of its integrated care recovery and medical services with the launch of the company’s 21st clinic. The Madisonville Spero Health Center, located at 436 N. Main St., opened October 1 to start seeing new patients.

Health Velocity Invests in Spero Health to Fight Opioid Epidemic

Brentwood, Tennessee – Spero Health, Inc., a newly formed healthcare organization specializing in local, affordable, outpatient care for individuals suffering from substance use disorder, announced that it has acquired investment growth capital to meet the demand in communities across the country for high-quality, comprehensive and integrated addiction treatment services.

MDLIVE Closes $50 Million Strategic Financing to Support Continued Expansion of Industry’s Most Comprehensive Virtual Health Platform

SUNRISE, Fla. (August 1, 2018) –  MDLIVE Inc., one of the nation’s largest and leading telehealth platforms which is focused on delivering high-quality, convenient, cost-effective, multi-specialty virtual access to care, today announced the closing of a $50 million growth investment led by experienced telehealth investor, Health Velocity Capital; by existing partners Cigna Corporation and Health Care Service Corporation (HCSC); and with participation from Novo Holdings A/S and Industry Ventures.

Contessa Secures Financing to Continue Deployment of Inpatient-Level Care at Home Models

NASHVILLE, TN, April 19, 2018–  Contessa Health Inc., a leader and pioneer of Home Recovery Care, a risk-based model that combines all the essential elements of inpatient hospital care in the comfort of patients’ homes, announced today that they have secured additional financing. The round was led by Health Velocity Capital, with participation from existing investors: BlueCross BlueShield Venture Partners, Noro-Moseley Partners, and Sandbox Advantage Fund.

GRANT BLEVINS JOINS HEALTH VELOCITY CAPITAL AS SENIOR ASSOCIATE

JAN 2, 2018 - Health Velocity Capital is excited to announce that Grant Blevins has joined the firm as a Senior Associate and will be based in the firm’s Nashville office.

Grant joins the firm from FCA Venture Partners, one of Nashville’s most established healthcare venture capital firms.  During his time at FCA (and the seed fund of FCA, Dioko Ventures), he co-sourced investments in HealthiPASS, MediQuire, Vericred, and RubiconMD and was involved with notable investments in Saferide Health, One Medical Passport, ShiftWizard, Healthy Bytes, and others.  At FCA, Grant played a lead role in all deal sourcing and also led research efforts for the firm which helped to develop investment theses. Grant received his Bachelor of Business Administration in Entrepreneurship from Belmont University. 

Infusion Express Appoints Douglas Ghertner as Chief Executive Officer

Infusion Express, Inc., a leading national operator of ambulatory infusion centers serving patients with complex chronic conditions, and a portfolio company of Health Velocity Capital (HVC) and McKesson Ventures, today announced the appointment of Douglas Ghertner as Chief Executive Officer (CEO). Ghertner brings over 20 years of healthcare experience to Infusion Express, including senior leadership positions at CVS Health, Change Healthcare and Emdeon. Most recently, Ghertner served as CEO of Change Healthcare, prior to its sale to Emdeon. Following the sale of Change Healthcare, Ghertner assumed the role of Executive Vice President and Chief Sales Officer, overseeing all sales and channel partner activity for the $1.5 billion healthcare technology and services provider.

INFUSION EXPRESS FINANCES NEXT PHASE OF GROWTH

Kansas City, MO, October 19 2017 Infusion Express, one of the fastest growing intravenous drug therapy providers in the country, today announced that it has raised $13.5 million of growth capital in order to expand its offering for chronically ill patients, insurance payers, and self-insured employers seeking the highest-quality intravenous drug therapy in the most consumer friendly setting at the lowest possible cost. The round was led by McKesson Ventures and Health Velocity Capital, and included Nueterra Capital of Leawood, Kansas.

OnShift Ranked Number 376 Fastest Growing Company in North America on Deloitte’s 2017 Technology Fast 500™

CLEVELAND, Nov. 09, 2017 (GLOBE NEWSWIRE) -- OnShift, a leader in human capital management software for post-acute care and senior living, today announced it ranked 376 on Deloitte’s Technology Fast 500™, a ranking of the 500 fastest growing technology, media, telecommunications, life sciences and energy tech companies in North America. OnShift grew 214 percent during this period.

SAURABH BHANSALI JOINS HEALTH VELOCITY CAPITAL AS PARTNER

JULY 31 - Health Velocity Capital today announced that Saurabh Bhansali has joined the firm as a Partner and will be based in the firm’s San Francisco office.

Saurabh joins the firm from Humana (NYSE: HUM), one the nation’s leading healthcare companies and the second largest Medicare Advantage insurer in the country, where he helped build and lead Humana Health Ventures.  At Humana, Saurabh led an investment in Aspire Health, an important and leading provider of palliative and end-of-life care management, and was also actively involved with investments in Omada Health and Livongo Health, both first-movers in digital health management in pre-diabetes and Type II Diabetes respectively. 

Teladoc Announces Sale of Shares of Common Stock

Teladoc (NYSE: TDOC) announced the closing of the previously announced offering of 8,250,000 shares of its common stock at a price to the public of $16.75 per share, as well as the exercise in full by the underwriters of their option to purchase an additional 1,237,500 shares of common stock from Teladoc. As a result, the total offering size was 9,487,500 shares of Teladoc’s common stock. Teladoc received net proceeds from the offering of approximately $124.1 million. 

OnShift Ranked on Deloitte's 2016 Technology Fast 500

Cleveland, OH – November 16, 2016, — OnShift, a leader in human capital management software for post-acute care and senior living, today announced it ranked 326 on Deloitte’s Technology Fast 500™, a ranking of the 500 fastest growing technology, media, telecommunications, life sciences and energy tech companies in North America.

Teladoc Appoints Former Pfizer Vice Chairman and CFO David Shedlarz to Board of Directors

Teledoc, Inc. (NYSE: TDOC), the nation’s leading provider of telehealth services, today announced that David Shedlarz, former vice chairman, executive vice president and chief financial officer of Pfizer, Inc., has been appointed to its board of directors. This appointment comes on the heels of last quarter's board addition, Helen Darling, with both appointments responding to the need to support the rapidly expanding foothold Teledoc has secured in the evolving telemedicine industry.

Senior Business Executive Pat Cathey Joins ClearDATA as Chief Revenue Officer

Austin, Texas (August 23, 2016) – ClearDATA, a healthcare exclusive, HITRUST CSF-certified managed cloud company, announced today that accomplished business executive Pat Cathey has joined the company as Chief Revenue Officer. Cathey is a veteran business leader with a proven track record of consistently exceeding business targets while building high-value relationships with customers and business partners.

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ClearDATA Achieves AWS Healthcare Competency Partner Status

Phoenix, Ariz. (July 20, 2016) – ClearDATA, a leading healthcare cloud platform and managed services company, has achieved AWS Healthcare Competency, a credential reserved for companies that pass a stringent healthcare competency audit. AWS introduced the AWS Partner Network (APN) Healthcare Competency in April 2015 to highlight partners with demonstrated success in building solutions for healthcare payers and providers that can securely store, process, transmit and analyze clinical information.

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McKesson And Change Healthcare To Form New Healthcare Information Technology Company

SAN FRANCISCO & NASHVILLE, June 28, 2016 – McKesson Corporation (NYSE:MCK), a leading global healthcare services and information technology company, and Change Healthcare Holdings, Inc., a leading provider of software and analytics, network solutions and technology-enabled services, today announced the creation of a new healthcare information technology company. The entity will combine substantially all of Change Healthcare’s business and the majority of McKesson Technology Solutions (MTS) into a new company with fiscal year end March 31, 2016 pro forma combined total annual revenues of $3.4 billion.

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Helen Darling joins Teladoc Board of Directors

Past president and CEO of National Business Group on Health will serve on Teladoc, Inc.’s Quality of Care and Patient Safety Committee.

LEWISVILLE, Texas (June 27, 2016) – Teladoc, Inc. (NYSE: TDOC), the nation’s leading provider of telehealth services, today announced that Helen Darling, past president and CEO of the National Business Group on Health (NBGH) and current interim president and CEO of the National Quality Forum, has joined its board of directors. Darling will serve on the board’s Quality of Care and Patient Safety Committee.

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