Nueterra Capital portfolio company IVX Health announced it has completed a $100 million Series F minority investment from private equity firm Great Hill Partners. IVX Health’s patient-focused centers offer guaranteed private suits, amenities like large flat screen TVs and high-speed WiFi, and the ability to schedule appointments for evenings and weekends. IVX Health currently operates 50 infusion centers across 16 markets; according to a company press release, IVX Health plans to use the Series F funds to accelerate further growth across the country.
Firebrand Ventures announced it has closed a $40 million seed fund, as reported by Startland News and the Kansas City Business Journal. In a press release, the firm said it plans to continue its investment focus on “authentic leaders based in emerging startup communities” and has already invested in startups in Detroit, Seattle, and Toronto. The firm also announced the opening of its new Austin office, led by principal Claire Hansen, and the addition of Leo Morton, former University of Missouri Kansas City Chancellor and current President and COO of DeBruce Companies, to its advisory board.
Nueterra Capital portfolio company HealthJoy has launched Virtual MSK Care, a low-cost exercise therapy program for people with chronic musculoskeletal (MSK) pain. Approximately 126.6 million Americans are affected by MSK, resulting in $213 billion spent on MSK care annually. Employee benefits platform HealthJoy has created the Virtual MSK Care program to “help significantly reduce pain levels without resorting to addictive medications, costly surgeries, or inconvenient in-person PT.” Virtual MSK Care was borne out of HealthJoy’s acquisition of Rekinetics, a neuroscience-based virtual exercise therapy program.
Congratulations to Nueterra Capital portfolio company HealthJoy, which earned the #142 spot on the “Inc. 5000 2021,” Inc.’s list of the 5000 fastest-growing private companies in America. With a three-year growth rate of 2,907%, HealthJoy ranks 25th in the healthcare industry on the Inc. 5000 list. You can read the full Inc. 5000 2021 list here.
Nueterra Capital portfolio company KelaHealth has been named to Best Startup‘s “101 Top San Francisco Information Services Companies and Startups of 2021” list. Companies were evaluated on a combination of innovation, growth, management, and societal impact. KelaHealth’s proprietary algorithms assess patient risk across nine major complication categories to predict the likelihood of a patient developing surgical complications.
The FDA announced that it has granted accelerated approval for Aduhelm, a drug that purports to slow the development of Alzheimer’s disease.
In Alzheimer’s patients, abnormal levels of a naturally occurring but potentially toxic protein form amyloid beta plaque between neurons and disrupts cell function. According to the FDA release and the Alzheimer’s Association, Aduhelm works by reducing the amount of amyloid beta plaque, thereby slowing progression of mild cognitive impairment (MCI) due to Alzheimer’s disease and early Alzheimer’s dementia.
This significant development was hailed by Nueterra Capital portfolio company BrainCheck, whose CORTEXTM technology platform helps clinicians detect cognitive impairment earlier so patients can receive a diagnosis and begin the appropriate treatments.
Nueterra Capital portfolio company Moving Analytics has been named to Best Startup‘s “101 Top Los Angeles Medical Companies and Startups of 2021” list. Companies were evaluated on a combination of innovation, growth, management, and societal impact. Moving Analytics offers virtual cardiac rehabilitation through its progam Movn. The company recently announced a partnership with health insurance plan CDPHP to provide access to Movn to CDPHP members in need of cardiac rehabilitation services.
Nueterra Capital portfolio company Noble Health will invest in the renovation of Callaway Community Hospital in Fulton, Missouri, and Audrain Community Hospital in Mexico, Missouri. Since acquiring Callaway (formerly Fulton Medical Center) in 2020 and Audrain in 2021, Noble Health has added staff and broadened the facilities’ services. Noble Health will now focus on renovating existing structures and building new ones to meet community demand. You can read more about Noble Health’s work on KOMU 8.
The peer-reviewed medical journal Surgery has published a study of the effectiveness of Nueterra Capital portfolio company CareSignal‘s deviceless remote patient monitoring in post-operative opioid stewardship. During the study over 80% of patients engaged with more than half of all messages and at the end of the study, only 3.2% of the patients requested a refill of their initial opioid prescription. The study’s authors concluded that platforms like CareSignal can reliably track patients’ opioid use post-discharge and can be effective in developing standardized prescription practices.
Justin Holland, the founder and CEO of Nueterra Capital portfolio company HealthJoy, was recently interviewed for Human Resource Executive’s article “What new EEOC vaccine incentive guidance means for HR leaders.” Holland, along with employment attorneys and a senior research analyst from the Institute for Corporate Productivity (i4cp), weighed in on the variety and effectiveness of incentives. “It’s pretty clear that there is no scenario for most companies where employees are returning unvaccinated to the office in 2021,” said Holland, whose benefit company works with about 700 employers.