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Transformation Capital Portfolio Partners

Merger: Ciox Health

FKA: Ginger

IPO: HCAT

Acquired: MMIT/Evaluate

Acquired: Bamboo Health

Acquired: ACCD

Merger: PatientPop & Kareo

23andme

23andMe (Mountain View, CA) is the leading personal genetics company dedicated to helping individuals understand their own genetic information through DNA analysis technologies and web-based interactive tools. The company is a web-based service that helps consumers understand what their DNA says about their health, traits and ancestry.

Sector

Status

Previous Partner Companies

Year Invested

2017

Team

Mike Dixon

Outcome

Active Investment

Ability network

ABILITY Network (Minneapolis, MN) connects thousands of hospitals, skilled nursing facilities, home health agencies, clinics, and tens of thousands of physicians across the country with each other, and with the nation's largest payer: Medicare. By earning the trust of their healthcare providers and the federal government each day, ABILITY has built a massive web-based secure healthcare network which now facilitates millions of transactions every day. Today, a majority of the large provider organizations across the country, including over 3,000 hospitals, as well as many leading healthcare technology companies, trust ABILITY to communicate with their healthcare partners.

Sector

Status

Previous Partner Companies

Year Invested

2011

Team

Jared Kesselheim

Outcome

Acquired by Summit Partners in 2014

Airstrip

AirStrip (San Antonio, TX) develops mobile healthcare application designed to make transformational and lasting improvements in worldwide healthcare delivery. The company's mobile healthcare application improves healthcare delivery with mobile interoperability services that unite clinicians and patients across geographic, technology and workflow boundaries, enabling physicians to access real-time, historical waveforms and other critical patient data using a mobile device.

Sector

Status

Previous Partner Companies

Year Invested

2011

Team

Todd Cozzens

Mike Dixon

Outcome

Active Investment

Aktana

Aktana is the pioneer in decision support for global life sciences sales and marketing teams. The company’s data-fueled suggestions and insights are delivered within a sales professional’s existing CRM workflow, serving as a critical ally in data leverage and better decision-making. Aktana serves the entire organization by helping to coordinate multichannel marketing initiatives and facilitate learning about which program elements are most successful for which customers. Nearly half of the world’s top 20 pharmaceutical companies rely on Aktana to drive more insightful marketing and sales programs. Aktana is headquartered in San Francisco, with offices in New York, Philadelphia, London, Tokyo, Osaka, and Shanghai.

Sector

Pharma IT & Services

Status

Transformation Capital Portfolio Partners

Year Invested

2018

Team

Jared Kesselheim

Vinay Shah

Outcome

Active Investment

Annexus health

As drug prices and other healthcare costs skyrocket, patients often face a heartbreaking double crisis of financial hardship on top of illness, especially those on specialty drugs. Patient financial assistance programs are plentiful and critical to accelerating patient access but are fragmented and enrollment is challenging. Annexus Health’s provider solutions reduce the administrative burden on physicians and health systems by streamlining the management of access services, including financial assistance, benefit eligibility, patient cost estimates, free drug, reimbursement services, and more. The company also offers life science companies and charitable foundations the opportunity to digitally integrate their patient support programs directly within the provider workflow. The result is a better healthcare experience for patients, more connectivity in patient support programs for life science companies, and increased revenue capture for provider groups. We are committed to reducing financial and administrative burdens across the patient access journey in order to improve access to care and combat financial toxicity at both the patient level and the provider level.

Sector

Pharma

Provider

Status

Transformation Capital Portfolio Partners

Year Invested

2022

Team

Scott Rosen

Jessie Wu

Outcome

Active Investment

Apixio

Apixio (San Mateo, CA) provides an analysis platform for patient data based on advanced natural language processing and machine learning technology. The company offers a platform designed to access medical records for optimal healthcare decision making. It brings advanced data to healthcare by analyzing previously trapped unstructured medical record data, giving healthcare payers and providers access to analytical insights.

Sector

Status

Previous Partner Companies

Year Invested

2014

Team

Jared Kesselheim

Outcome

Active Investment

Capitalrx

Drug pricing is broken in the U.S., and Capital Rx realized that it could not be “fixed” without challenging the status quo. Our mission is to establish a competitive marketplace for drug pricing and to redefine the way prescriptions are priced and administered. That’s why we invented the Clearinghouse ModelTM, which lowers medication costs for employers and payers across the country and delivers true pricing transparency to patients. By creating the same price for the PBM, pharmacy and employer, we eliminate arbitrary price variability and ensure patients receive seamless access to their medications at the best prices.

Constructing an alternative drug pricing model is just one piece of our goal to provide better care at a lower cost. Technology is at the core of everything we do, and to help improve the patient experience, we built the industry’s first enterprise pharmacy platform: JUDI. JUDI electronically links providers, patients, pharmacies, and plans to achieve the highest standard of care. Our commitment to our clients, members and partners is why we’re the fastest-growing pharmacy benefit manager in America.

Sector

Payer/Employer IT & Services

Status

Transformation Capital Portfolio Partners

Year Invested

2020

Team

Jared Kesselheim

Scott Rosen

Outcome

Active Investment

Carerev

CareRev is a labor marketplace platform that reduces the inefficiency and challenges of traditional healthcare staffing. By connecting hospitals and health systems with local, vetted healthcare professionals on demand, we eliminate hours of manual work, reduce overal labor costs, and give healthcare professionals the flexibility to work when and where they want. Our vision is to transform the industry by creating a more flexible and resilient workforce that withstands uncertainty, especially after COVID-19. Through our technology, we empower both health systems and healthcare professionals to meet changing demands more efficiently so they can provide the highest quality of care.

Sector

Provider IT & Services

Status

Transformation Capital Portfolio Partners

Year Invested

2021

Team

Todd Cozzens

Jared Kesselheim

Akhi Samant

Outcome

Active Investment

Cleo

Cleo is reinventing how forward-thinking employers support families, control costs and attrition and build inclusive cultures. Serving working families in 55 countries and over 100 enterprise clients, Cleo is the leading family benefits platform supporting families from the planning stage through the teenage years.

The last twelve months have seen massive acceleration in a trend of companies of all sizes seeking ways to better support employees in a holistic manner. Employers see that when they proactively address their employee’s needs for support around mental health, pregnancy, and early childhood, they’re able to reduce healthcare spend while also improving retention rates, ultimately saving millions of dollars for large employers.

From fertility to parenthood and beyond, Cleo families are happier, healthier, and more engaged as they balance their roles at home and work, supported by proactive, expert guidance for every stage. Cleo is a strategic partner to top employers that actively seek to transform company culture surrounding employee retention, diversity and inclusion, and population health.

Sector

Payer/Employer IT & Services

Status

Transformation Capital Portfolio Partners

Year Invested

2021

Team

Mike Dixon

Jenna Ciotti

Akhi Samant

Outcome

Active Investment

Clover

Clover Health (Jersey City, NJ) is a unique health insurance plan focused on driving down costs and producing improved health outcomes. Clover uses sophisticated analytics and custom software to direct their own clinical staff to proactively fill in gaps in the care of their members. Clover has a proven model they're scaling out.

Clover is focusing on elderly and low-income patients that stand to benefit from their model the most. This puts them in a position to make a major dent in healthcare expenses in the United States and reverse an unsustainable, decades-long spending trend.

Sector

Status

Previous Partner Companies

Year Invested

2015

Team

Mike Dixon

Outcome

Active Investment

Datavant

Datavant’s mission is to connect the world’s health data to improve patient outcomes. Datavant works to reduce the friction of data sharing across the healthcare industry by building technology that protects the privacy of patients while supporting the linkage of de-identified patient records across datasets.

Sector

Pharma IT & Services

Status

Transformation Capital Portfolio Partners

Year Invested

2020

Team

Mike Dixon

Scott Rosen

Outcome

Merger with Ciox Health

Dexcare

Incubated at Providence, one of the nation’s largest and most innovative health systems, DexCare is a data-driven intelligence company focused on healthcare access. DexCare’s core offering is a Platform-as-a-Service (PaaS) that intelligently orchestrates health system capacity and digital demand across all lines of care. DexCare automatically allocates, flexes and optimizes health system resources to best meet consumer demand — expanding the reach of all service lines into a new, digital and on-demand consumer arena. DexCare enables leading health systems across the U.S. to attract 30% more new patients, capture 8x downstream revenue, generate over 20% per patient encounter in cost savings, and deliver a net promotor satisfaction score greater than 90.

Sector

Provider IT & Services

Status

Transformation Capital Portfolio Partners

Year Invested

2021

Team

Todd Cozzens

Vinay Shah

Jessie Wu

Outcome

Active Investment

Epic systems

Epic Systems Corporation (Verona, WI) is a healthcare-focused technology company with a leading Electronic Medical Record platform. The company’s products are used across the healthcare ecosystem from community hospitals and academic medical centers to retail clinics and multispecialty groups.

Sector

Status

Previous Partner Companies

Year Invested

2014

Team

Todd Cozzens

Mike Dixon

Outcome

Active Investment

Groups

We founded Groups: Recover Together to make treatment for opiate addiction respectful, accessible, and affordable. We empower our members to regain control of their lives through a proven, evidence-based model of group therapy and medication-assisted treatment (MAT). We are focused on bringing outpatient services to rural communities that have been hardest hit by the epidemic, yet have the least access to high-quality treatment.

Sector

Novel Care Delivery & Insurance

Status

Transformation Capital Portfolio Partners

Year Invested

2019

Team

Jared Kesselheim

Outcome

Active Investment

H1

H1 creates a healthier future by connecting the healthcare ecosystem. Offering the largest platform in the healthcare industry, the H1 platform includes 9 million healthcare professionals covering all therapeutic area and 16,000 institutions in 70-plus countries, all of which are kept up to date weekly.

Sector

Pharma IT & Services

Status

Transformation Capital Portfolio Partners

Year Invested

2020

Team

Mike Dixon

Vinay Shah

Outcome

Active Investment

Headspace health

At Headspace Health, we believe that everyone deserves access to incredible mental healthcare. To solve for the mental healthcare supply-demand imbalance, we’re reinventing mental healthcare by coupling data science and virtual delivery to provide immediate, personal support for anyone. The Headspace Health app provides members with access to unlimited self-guided care and 24/7 on-demand and scheduled text-based coaching, as well as video-based therapy and psychiatry support. Headspace Health's care providers work as a team to deliver high-quality care in a value-based model that helps members get better faster, and reduces costs for everyone. Over 25 million people in over 50 countries around the world have access to Headspace Health through leading employers, health plans, and partners.

Sector

Payer/Employer IT & Services

Status

Transformation Capital Portfolio Partners

Year Invested

2021

Team

Todd Cozzens

Akhi Samant

Outcome

Active Investment

Health catalyst

Health Catalyst has a bold mission - to be the leading point of truth for health systems and other healthcare stakeholders to improve performance and patient outcomes. Health Catalyst starts by organizing all the health system's data from thousands of sources in a nimble data store that allows fast processing of this massive data. On top of this rich data platform Health Catalyst provides performance improvement applications across all of the financial, administrative and clinical needs of the modern healthcare provider. This information is also hugely valuable to payers. The company has well over 100 documented outcomes improvement case studies from health systems like Partners Healthcare, Kaiser, Allina and many others.

Sector

Provider IT & Services

Status

Transformation Capital Portfolio Partners

Year Invested

2016

Team

Todd Cozzens

Mike Dixon

Outcome

IPO: HCAT

Implantable provider group

IPG (Alpharetta, GA) collaborates with health plans in partnership with providers, physicians, manufacturers and patients to develop market-based solutions that deliver tangible value in the implantable Device Benefit Management space.

IPG's solutions lower cost, add transparency, deliver powerful data analytics and alleviate complexities of Device Benefit Management.

Sector

Status

Previous Partner Companies

Year Invested

2010

Team

Mike Dixon

Outcome

Active Investment

Jeenie

More than 20% of the US population does not speak English at home and underserved communities are disproportionately comprised of limited-English speakers. Language discordance is a leading cause of healthcare inequity and miscommunication between caregivers and patients contributes to 55% of malpractice cases. If a caregiver cannot understand a patient’s symptoms, they are exponentially more likely to misdiagnose and, correspondingly, mistreat them.

Jeenie is an industry-transforming virtual interpreting platform that virtually connects caregivers and patients to a live, HUMAN interpreter for on-demand or scheduled language assistance in over 300 languages within 30 seconds…over video or audio…24/7. The first true gig-economy marketplace in the industry, Jeenie’s vision is to make live language and culture assistance available for enterprise and individual users at the tap of a button from any device-- phones, tablets or computers – on any operating system…wherever… whenever. Our more than 11,000 vetted and qualified interpreters support effective and accurate communication between caregivers and their limited-English proficient and Deaf patients to reduce poor health outcomes resulting from language discordance. Our ability to provide mobile, video remote AND over-the-phone interpreting at the point of care and in the moment of need positions Jeenie to seamlessly serve the needs of the largest healthcare systems as well as the most disenfranchised members of society; Jeenie leaves no one behind.

Sector

Provider IT & Services

Status

Transformation Capital Portfolio Partners

Year Invested

2022

Team

Jared Kesselheim

Akanksha Mehta

Outcome

Active Investment

Kyruus

Kyruus brings automation and organization to one of the most important transactions in healthcare - patient referrals. Before Kyruus, the referral process was slow, manual and uncoordinated. Kyruus is the first solution provider to automate the referral process and then through machine learning and artificial intelligence match the right care provider with the right patient at the right time. The result is huge savings and revenue optimization for providers and a vastly improved experience for patients as they navigate the health system to get connected to the best provider for their needs.

Sector

Provider IT & Services

Status

Transformation Capital Portfolio Partners

Year Invested

2016

Team

Todd Cozzens

Vinay Shah

Outcome

Active Investment

Letsgetchecked

LetsGetChecked (LGC) is making diagnostics open and accessible to everyone. We are a fully integrated technology and logistics platform that facilitates convenient, at-home laboratory testing for consumers. We have partnered with world-class, highly accredited laboratories and developed global manufacturing and logistical capabilities to make this a reality.

Clinical expertise is also at the core of what we do. Our technology and logistical capabilities are supported by an in-house clinical team, so all customers have access to board certified physicians and nurse practitioners throughout the testing process.

We are guided by science, empowered by technology and passionate about caring for people. Our purpose is to empower people to live longer, happier lives.

Sector

Payer/Employer IT & Services

Consumer IT & Services

Status

Transformation Capital Portfolio Partners

Year Invested

2019

Team

Todd Cozzens

Outcome

Active Investment

Liazon

Liazon (New York City, NY) that operates web-based private benefits exchanges for large and small businesses. Its flagship product, the Bright Choices Exchange, helps employers manage their health care costs by setting predictable budgets through a defined contribution funding strategy while guiding employees to purchase better coverage of health, dental, vision, life, disability, and other benefits.

Sector

Status

Previous Partner Companies

Year Invested

2011

Team

Jared Kesselheim

Outcome

Acquired by Towers Watson in 2013

Medexpress

MedExpress (Morgantown, WV) operates full-service, walk-in urgent care facilities offering timely medical treatment to non-life threatening injuries and illnesses.

Sector

Novel Care Delivery & Insurance

Status

Previous Partner Companies

Year Invested

2010

Team

Todd Cozzens

Mike Dixon

Outcome

Acquired by UnitedHealth Group in 2015

Medhok

MedHOK (Tampa, FL) was created to bring a new approach to integrated actionable healthcare by utilizing a single platform for Care, Quality and Compliance. It improves clinical outcomes, quality measures and links reimbursement to improved quality outcomes for health plans, accountable care organizations, patient centered medical homes, PBMs and Rx Specialty organizations.

Sector

Status

Previous Partner Companies

Year Invested

2013

Team

Jared Kesselheim

Outcome

Acquired by Hearst in 2016

Medhok 2

MedHOK (Tampa, FL) was created to bring a new approach to integrated actionable healthcare by utilizing a single platform for Care, Quality and Compliance. It improves clinical outcomes, quality measures and links reimbursement to improved quality outcomes for health plans, accountable care organizations, patient centered medical homes, PBMs and Rx Specialty organizations.

Sector

Status

Previous Partner Companies

Year Invested

2013

Team

Jared Kesselheim

Outcome

Acquired by Hearst in 2016

Memora health

Memora helps healthcare organizations manage complex care journeys that often extend care beyond the four walls of the clinic and into settings like the home, where patients spend most of their time. The company’s platform integrates seamlessly into EHRs, CRMs, and existing clinical and administrative workflows. By training artificial intelligence technology on the massive clinical data that is generated in the course of routine care, Memora is able to supercharge care teams with proactive, anticipatory care workflows, as well as smart triage to appropriate care team members. The end result is that clinicians are able to initiate care pathways in a repeatable fashion which interact with the patients for their follow-up and self-reported outcomes.

Memora helps care teams create consistent and connected experiences for patients through even the most complex care journeys by partnering with health systems, health plans, life science companies and employers. Memora’s vision is to make care more actionable, accessible and always-on while both simultaneously keeping both the clinician and patient informed about progress and needed action.

Sector

Provider IT & Services

Status

Transformation Capital Portfolio Partners

Year Invested

2021

Team

Todd Cozzens

Akhi Samant

Vinay Shah

Outcome

Active Investment

Natera

Natera (San Carlos, CA) is a genomic diagnostics company offering advanced prenatal testing. The company is focused on technology to deliver improved accuracy and reliability in preconception and prenatal genetic testing services. The company offers a range of tests, from pre-implantation genetic diagnosis (PGD) for in-vitro fertilization (IVF) to advances in the field of non-invasive prenatal testing (NIPT).

Sector

Status

Previous Partner Companies

Year Invested

2007

Team

Todd Cozzens

Outcome

IPO in 2015

National cardiovascular partners

National Cardiovascular Partners (Houston, TX) is an operator of endovascular, vascular and cardiovascular services in the comfort and convenience of the outpatient setting.

Sector

Novel Care Delivery & Insurance

Status

Previous Partner Companies

Year Invested

2012

Team

Jared Kesselheim

Outcome

Acquired by Fresenius in 2014

Nayya

We believe there’s a better way to choose and use benefits. A more transparent, less confusing way for employees to control their health and financial potential in the face of skyrocketing medical, student loan, housing, and other debts. Powered by billions of data points and machine learning, our benefits experience platform delivers proactive and personalized decision support and guidance during open enrollment, new employee onboarding, qualifying life events, and in the moments that matter all year round. For the first time ever, employees have a solution to the complexity of open enrollment and ongoing utilization, one of the most stressful and challenging situations consumers face. Join the millions of consumers and their employers that are now living with more peace and confidence at Nayya.com.

Sector

Payer/Employer IT & Services

Status

Transformation Capital Portfolio Partners

Year Invested

2022

Team

Mike Dixon

Vinay Shah

Akhi Samant

Outcome

Active Investment

Olive

Olive’s AI workforce is built to fix our broken healthcare system by addressing healthcare’s most burdensome issues — delivering hospitals and health systems and payers increased revenue, reduced costs, and increased capacity. People feel lost in the system today and healthcare employees are essentially working in the dark due to outdated technology that creates a lack of shared knowledge and siloed data. Olive is designed to drive connections, shining a new light on the broken healthcare processes that stand between providers delivering patient care and payers. She uses AI to reveal life-changing insights that make healthcare more efficient, affordable and effective. Olive’s vision is to unleash a trillion dollars of hidden potential within healthcare by connecting its disconnected systems. Olive is improving healthcare operations today, so everyone can benefit from a healthier industry tomorrow.

Sector

Provider IT & Services

Status

Transformation Capital Portfolio Partners

Year Invested

2020

Team

Mike Dixon

Outcome

Active Investment

Panalgo

Panalgo is an innovative healthcare analytics company with over two decades of experience providing novel solutions to better understand the clinical outcomes and value of various patient care strategies. Panalgo is transforming the way analysts from diverse disciplines answer critical questions and make insightful predictions from large, complex databases using the market-leading Instant Health Data (IHD) platform. IHD is a fast, flexible and intuitive SaaS platform that empowers teams within life science companies, health plans and provider groups to implement deep analytics with little-to-no programming required.

Sector

Pharma IT & Services

Status

Transformation Capital Portfolio Partners

Year Invested

2019

Team

Jared Kesselheim

Outcome

Acquired by MMIT/Evaluate

Patientping

PatientPing solves a major problem in healthcare that has been plaguing the system for decades. We're deep into the 21st century yet hospitals and doctor's offices and clinics still don't know where their patients come from before they're admitted and where they go after their discharged. This leads to huge fragmentation and uncoordinated care which is costly, wasteful and harmful to outcomes. PatientPing has built the most comprehensive network of patient flow notifications and accompanying workflow tools to finally solve this problem and bring integrated and coordinated care to the healthcare ecosystem.

Sector

Provider IT & Services

Status

Transformation Capital Portfolio Partners

Year Invested

2016

Team

Todd Cozzens

Vinay Shah

Scott Rosen

Outcome

Acquired by Bamboo Health

Outcome health

PatientPoint Health Technologies provides the most intuitive, modern and interactive educational content to patients at the point of care where delivering this information is critical to adherence, compliance and improved outcomes. Deployed in more than 40,000 physician offices, clinics and hospitals, PatientPoint Health Technologies cloud-based content informs and guides patients to understand their condition better and helps them engage better in their own care.

Sector

Pharma IT & Services

Status

Transformation Capital Portfolio Partners

Year Invested

2017

Team

Todd Cozzens

Sasha K. Said

Outcome

Active Investment

Perfectserve

PerfectServe (Knoxville, TN) offers intelligent voice and online and mobile clinical communication solutions for the healthcare industry.

Sector

Status

Previous Partner Companies

Year Invested

2012

Team

Todd Cozzens

Outcome

Active Investment

Plushcare

PlushCare is a virtual primary care platform that offers doctors appointments via a computer or smartphone to consumers nationwide. Leading the industry in providing high quality and affordable concierge care, PlushCare only hires medical doctors from a top 50 U.S. medical school with an average of 15 years of experience, provides high-touch patient management with an exceptional online clinical care team and a dedicated primary care doctor, and offers same day appointments. PlushCare accepts most major insurance plans, and patients can get diagnosed and treated by a top doctor from home, and prescribed medication sent directly to their pharmacy of choice.

Sector

Novel Care Delivery & Insurance

Consumer IT & Services

Status

Transformation Capital Portfolio Partners

Year Invested

2020

Team

Mike Dixon

Scott Rosen

Outcome

Acquired by Accolade (ACCD)

Protenus

The Protenus healthcare compliance analytics platform uses artificial intelligence to audit every access to patient records for the nation’s leading health systems. These analytics provide healthcare leaders full insight into how health data is being used, and alerting privacy, security and compliance teams to inappropriate activity. Protenus helps our partner hospitals make decisions about how to better protect their data, their patients, and their institutions. Protenus was named the 2019 KLAS Category Leader in Patient Privacy Monitoring.

Sector

Provider IT & Services

Status

Transformation Capital Portfolio Partners

Year Invested

2019

Team

Jared Kesselheim

Vinay Shah

Outcome

Active Investment

Rapidsos

911 relies on the limited information a phone call can provide and the result is often delays in dispatching and emergency responders arriving on scene, under-informed. But today, data that can save lives exists.

In partnership with Public Safety, RapidSOS has created the world’s first emergency response data platform that securely links life-saving data from 350M+ connected devices directly to 911 and first responders in an emergency. Through the platform, RapidSOS is providing intelligent data that supports over 4,700 Emergency Communications Centers, protecting 90%+ of people in the US, across 150 million emergencies annually.

Sector

Provider IT & Services

Status

Transformation Capital Portfolio Partners

Year Invested

2020

Team

Todd Cozzens

Jared Kesselheim

Scott Rosen

Outcome

Active Investment

Remedy partners

Remedy Partners (Darien, CT) develops and manage episode of care bundled payment programs with hospitals and health systems, commercial health insurers, and Accountable Care Organizations.

Sector

Status

Previous Partner Companies

Year Invested

2015

Team

Jared Kesselheim

Outcome

Active Investment

Scientist com

Scientist.com is the world's largest and fastest growing marketplace for outsourced research services. The company's e-commerce marketplace makes it easy for scientists to connect with thousands of contract research organizations (CROs) around the world. Scientist.com works with both large and small biopharmaceutical companies and helps them promote innovation, save time, reduce cost, and improve compliance.

Sector

Pharma IT & Services

Status

Transformation Capital Portfolio Partners

Year Invested

2017

Team

Jared Kesselheim

Vinay Shah

Outcome

Active Investment

Scio health analytics

SCIO (West Hartford, CT) provides health analytic services designed to drive positive change in healthcare by delivering actionable insights to solve complicated problems simply and efficiently. The company's health analytic services offer business services and insights in the areas of payment integrity, risk and care management, value based benefit design, consumer engagement and consumer segmentation, enabling health-care industry to meet the critical business and analytical needs.

Sector

Status

Previous Partner Companies

Year Invested

2009

Team

Todd Cozzens

Outcome

Active Investment

Stemcentrx

StemCentrx (San Francisco, CA) provides therapies to eliminate cancer stem cells, which initiate and perpetuate tumors. It is investigating a number of the largest and most lethal cancers through its proprietary platforms that identify cancer stem cells and discover novel targets. The company engineers and manufactures antibodies and antibody drug conjugates for those targets.

Sector

Status

Previous Partner Companies

Year Invested

2011

Team

Todd Cozzens

Outcome

Acquired by AbbVie in 2016

Sword health

SWORD Health is the world’s fastest growing virtual musculoskeletal (MSK) care provider, on a mission to free two billion people from chronic and post-surgical pain. It is the first virtual solution to pair its members with a licensed physical therapist and the SWORD Health Digital Therapist, an FDA-listed device with a tablet and motion sensors, to deliver a clinically proven, personalized treatment plan that is more effective, easier and less expensive than the traditional gold standard of care.

SWORD Health believes in the power of people to recover at home, without resorting to imaging, surgeries or opioids. Since launching in 2015, SWORD Health has worked with insurers, health systems and employers in the U.S., Europe and Australia to make quality physical therapy more accessible to everyone.

Sector

Payer/Employer IT & Services

Status

Transformation Capital Portfolio Partners

Year Invested

2020

Team

Todd Cozzens

Scott Rosen

Outcome

Active Investment

Patientpop

In 2021, with a combined mission to unlock better healthcare, Kareo and PatientPop joined forces to form Tebra — the operating system for the connected practice of the future. With an all-in-one, purpose-built platform to drive practice success and modernize every step of the patient journey, Tebra provides digital tools and support to attract new patients, deliver modern care, get paid quickly, and operate efficiently.

Sector

Status

Transformation Capital Portfolio Partners

Year Invested

2018

Team

Todd Cozzens

Vinay Shah

Outcome

Active Investment

Thriveworks

On a mission to help people live happy and successful lives, Thriveworks is focused on providing the best mental healthcare and service to clients nationwide. This includes the ability to book and attend appointments virtually, in-person care at more than 300 locations, phone & email access to providers, 24/7 text support, extended hour scheduling assistance, and top-tier clinicians that are in-network with major insurance providers. Clients can receive counseling and psychiatry services for depression, anxiety, trauma, stress, relationship issues, and more on their time and their terms. Getting mental health help shouldn’t be a hassle—at Thriveworks, it’s never been easier or more convenient.

Sector

Novel Care Delivery & Insurance

Status

Transformation Capital Portfolio Partners

Year Invested

2021

Team

Jared Kesselheim

Jenna Ciotti

Jessie Wu

Outcome

Active Investment

Tmrw

With increasing demand for IVF, there’s been an exponential growth in the number of frozen eggs and embryos stored in fertility clinics. The number of fertility cells under clinic management has gone from around 1 million to hundreds of millions in just a decade. We’ve reached an inflection point: The existing infrastructure for egg and embryo storage originates from livestock breeding; it’s simply incapable of safely managing the influx of the millions of humans seeking IVF. Innovative technology is needed to take us away from “good enough” Band-Aid solutions and elevate the standard of care for irreplaceable eggs and embryos.

TMRW has done just that: We’ve brought 21st century technology to IVF and built the world’s first and only automated solution for how frozen eggs and embryos are stored, tracked, and monitored. Through the use of RFID technology, 24/7 remote monitoring, and fully integrated robotic hardware and software, our platform helps clinics safely scale to meet the growing demand for family planning and IVF. With TMRW’s platform, both physicians and patients can have peace of mind regarding the safety of eggs and embryos as they navigate the fertility journey. We built TMRW to usher in a new standard of care for eggs and embryos and ultimately help millions of people start and grow their families.

Sector

Provider IT & Services

Status

Transformation Capital Portfolio Partners

Year Invested

2021

Team

Jared Kesselheim

Akhi Samant

Vinay Shah

Outcome

Active Investment

Trialspark

TrialSpark (New York, NY) offers a new and innovative model for managing and operating clinical trials. TrialSpark partners with doctors to build a network of clinical trial sites within the provider’s practices. The Trialspark team then runs trials out of these sites using a roaming cohort of certified research coordinators and optimized by software, data, and technology.

By creating trial sites with doctors, TrialSpark unlocks the 98% of patients who have never been exposed to trials, boosting recruitment and enrollment rates and democratizing access.

Sector

Status

Previous Partner Companies

Year Invested

2017

Team

Mike Dixon

Outcome

Active Investment

Unite us

Unite Us provides a platform to coordinate services that address the social determinants of health (SDoH) among vulnerable populations, including housing, nutrition, transportation, and other non-clinical services.

The combined efforts of healthcare, government, and social services providers all contribute to a person’s health, but are often disconnected. With Unite Us, these organizations can send and receive secure electronic referrals and track every person’s care journey.

The Unite Us business has clear network effects – the value of the business grows exponentially as more and more healthcare, government, and social services stakeholders use the company’s platform in order to collaborate and measure impact at scale. The coordination enabled by Unite Us drives significant improvement in in outcomes for both individuals and populations, especially those in underserved communities.

Sector

Provider IT & Services

Payer/Employer IT & Services

Status

Transformation Capital Portfolio Partners

Year Invested

2021

Team

Todd Cozzens

Vinay Shah

Outcome

Active Investment

Vera whole health

Vera provides a scalable on-site medical management network that has proven abilities to drive meaningful healthcare cost savings for employers and improve overall employee health. The Company's differentiated care model is rooted in a revolutionary whole health program for employees and includes on-site health clinics, face-to-face health coaching and active patient management that results in industry-leading patient engagement and employee satisfaction.

Sector

Novel Care Delivery & Insurance

Status

Transformation Capital Portfolio Partners

Year Invested

2017

Team

Jared Kesselheim

Outcome

Active Investment

Vital software

After founding Mint.com and its acquisition by Intuit, Aaron was intrigued to bring super user-friendly software to the patient-clinician experience. Vital is the layer of elegant, modern UI & AI on top of any existing hospital EHR. Starting with the emergency department, Vital's product suite improves patient experience, reduces clinical burden, and increases post-emergency follow-up visits. Our "ER Advisor" product guides patients with AI-powered wait times, next-steps and sharing status with family members. It is now used by hundreds of thousands of patients at nearly 70 hospitals across 13 health systems, including CommonSpirit, Tenet, Emory, Ascension and Adventist. Two other products, built on the same underlying data platform, further increase hospital ROI to $1-2m per ED.

Vital has created the largest partner network of hospital data feeds, covering 60% of US hospitals with a no-IT-work-needed deployment. This allows ultra-fast deployment and quick pilots. Vital was founded by Aaron Patzer (Founder of Mint.com, VP of Product at Intuit), and Dr. Justin Schrager, MD MPH (Emergency Physician and Assoc. Professor at Emory School of Medicine).

Sector

Provider IT & Services

Status

Transformation Capital Portfolio Partners

Year Invested

2021

Team

Todd Cozzens

Jenna Ciotti

Outcome

Active Investment

Zirmed

ZirMed, Inc. (Louisville, KY) provides Web-based revenue cycle management solutions for the healthcare business. Its solutions include eligibility verification, credit/debit card processing, check processing, claims management, coding compliancy and reimbursement management, electronic remittance advice, patient statements, patient e-commerce solutions, and lock box services.

Sector

Status

Previous Partner Companies

Year Invested

2010

Team

Todd Cozzens

Outcome

Active Investment

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