Infusion Express recently announced they will be expanding their patient-focused alternative to hospital-based infusion centers into three new markets in the Philadelphia area. The Malvern, PA infusion center offers infusion therapy and injections for a wide range of pharmaceutical drugs. Infusion and IV therapy centers will open in Bensalem, PA the week of May 13 and in Montgomeryville, PA later this summer. You can read the full press release here.
We want to congratulate HealthJoy on their Series B round of funding. HealthJoy uses artificial intelligence to help employees navigate their healthcare benefit options, and we’re proud to have been part of the Series A round. You can read more about the Series B round on TechCrunch and Built in Chicago.
We’re proud that our investment in Casetabs helped create a cloud-based surgery coordination platform for surgery centers, hospitals, physician offices and medical device companies for real-time medical updates, scheduling and alerts. You can read more about the latest fundraising round in the Los Angeles Business Journal.
Orlando, FL (December 21, 2018) – CAREstream America, a premier product and services distributor for pain management, regenerative and aesthetic specialties, announces the acquisition of Catalyst Sales & Marketing, a regenerative medicine solutions provider based in Houston, TX. Effective December 21, 2018, this acquisition significantly expands CAREstream America’s product portfolio and related offerings to its customers, particularly those focused on regenerative medicine.
CAREstream America plans to merge Catalyst’s comprehensive regenerative medicine portfolio with its existing product lines and revolutionize its vast physician support network under another newly acquired endeavor called Axiom Therapies. The transition to CAREstream America’s corporate office in Altamonte Springs, FL is to be determined.
Catalyst CEO, Bill Cramer remarked, “This is a pivotal moment for the regenerative landscape and this opportunity establishes our position at the forefront of this advancing healthcare evolution.”
CAREstream America acquired majority ownership of Axiom Therapies, formerly a wholly-owned subsidiary of Nueterra Capital, on November 30, 2018. Axiom Therapies empowers clinicians to provide next-generation, cell-enhanced treatments founded on the principles of evidence-based regenerative medicine. Axiom Therapies will focus on Orthopedics, Pain and Rheumatology, with a full complement of regenerative therapy solutions including: APIC-A2M, PRP, PRFM, Exosomes, Amniotic Fluid, Bone Marrow- and Adipose-Derived Stem Cell Therapies, and VitalityRED for ED.
The enhanced Axiom Therapies will be led by President, Blake Petrunick, with most of the senior leadership from Catalyst joining him. “We are focused in the MSK space with an extensive roster of Regenerative Therapy solutions to bring solid, proven clinical outcomes to this evolving healthcare market,” commented Mr. Petrunick.
Regarding the industry-shaping merger, Chairman of the Board, Dr. Allen Sperry said, “documenting clinical outcomes of our therapies to ensure the optimum therapeutic regimen and protocols is our mandate.” He further mentioned, “Blake Petrunick, Bill Cramer, Jordan Jozwick and Brandon Cusick are as experienced and knowledgeable as any leadership team in this business today.”
This transformational merger will create pathways for accelerated growth, while ensuring FDA compliance with premium products and outcome measurements to make Axiom Therapies the leader in regenerative medicine in the MSK world.
About CAREstream America
CAREstream America is a division of CAREstream Medical Ltd, which has been serving customer’s respiratory and anesthesia needs for over 20 years. CAREstream America began in 2013 and distributes; pain management and aesthetic products from helping to shape and image the body to relieving the pain and anxiety of procedures. CAREstream America carry human med, Whale Imaging, Chemometec, Christie Medical and CMI – ranging from water-jet assisted technology to cell counting, ultrasound and vascular access imaging to nitrous oxide analgesia. With the Gentec and Westmed product lines offering a variety of medical products for patient care from suction products, adaptors, flowmeters and regulators to anesthesia, respiratory and critical care. Visit www.carestreamamerica.com for more.
About Nueterra Capital
Nueterra Capital is a healthcare-focused private equity firm that invests in companies on the leading edge of healthcare reform. Nueterra Capital invests in healthcare providers, services, and technology companies whose business model reshapes the healthcare industry through advanced payment methods, innovative risk transfer models, data analysis, and advocating patient consumerism. Nueterra Capital has offices in Leawood, KS and Nashville, TN. To learn more, visit www.nueterra.com.
We’re proud that our investment in Casetabs helped create an expanded platform that includes patient engagement. You can read more about this important development in Casetabs’ press release.
Hosted by Travis Tasset, the Value Talks podcast explores a range of topics that matter to people, including healthcare, leadership, and culture. In the inaugural edition, Travis talks with Nueterra Capital Chairman Dan Tasset about living and working with purpose.
Leawood, KS – May 18, 2018 – The Chairman of Nueterra Capital would like to announce the hiring of Scott C. Palecki as General Counsel and Ms. Alex Knudson as Legal Project Manager for Nueterra Capital and its affiliates and subsidiaries which include ValueHealth, NueHealth, Muve Health, the ValueHealth Transformation Center, Healthcare RE, ValueHealth Specialty Group, and Benefit Management.
Palecki is a veteran healthcare attorney with over 20 years of proven and steadfast private practice experience. Scott has participated in hundreds of healthcare and corporate transactions including the development, management and syndication of over 100 hospitals and ambulatory surgical centers throughout the United States.
“We are very fortunate Mr. Palecki has joined the Nueterra team. He brings vast experience in business and healthcare, and his knowledge and leadership will be invaluable in helping us achieve our mission of implementing value-based care to the United States healthcare delivery system,” said Chairman Daniel R. Tasset. “We admire his success in facing difficult adversaries, tackling tough issues, and achieving changes in healthcare.”
Knudson has 15 years of executive business and project management experience in the legal healthcare field, real estate, land development, and finance industries. Alex has participated in numerous contract negotiations, managed a land portfolio of several hundred acres in excess of $165 million and delivered new projects across targeted markets.
“We are excited to add Ms. Knudson to our team. Her proven and diligent track record of analytics, project management and tenacity will help keep us on target to achieve our sizable goals to implement value-based care to the United States healthcare delivery system,” said Chairman Daniel R. Tasset.
About Nueterra Capital
Nueterra Capital is a private equity investment and advisory firm with an exclusive focus on healthcare. Leveraging a deep understanding of key industry drivers, Nueterra Capital invests in entrepreneurs with innovative minds, while providing professional expertise and back office resources to improve their bottom line performance and drive growth. Nueterra Capital has invested in hundreds of new ventures and continuously delivers the resources and strategic direction that allow our partners to advance and improve every aspect of healthcare.
Surgery Coordination Technology Receives Investment From Nueterra Capital
Santa Monica, CA – April 16, 2018 – Casetabs, the pioneer of cloud-based surgery coordination technology, today announced it has received $6M in Series A financing to scale its surgery coordination application. The funding will be used to expand market awareness and increase product value through new electronic medical record (EMR) integrations and deeper patient engagement. The company will also look to expand its presence within the hospital market.
The Series A was led by Nueterra Capital, a leading healthcare VC firm specializing in technology and services that improve the delivery of surgical care, and Evolution Financial Group, a global investment firm with deep roots in technological interconnectivity.
According to Casetabs Founder and CEO, Gavin Fabian, Casetabs was created to solve a very real communication problem that many on the company’s leadership team had direct experience with. Fabian notes, “Together with our team and customers, we have built a proven solution that breaks down traditional communication barriers between surgery centers, physician offices, hospitals, anesthesiologist groups and medical vendors. With Nueterra Capital’s investment and strategic value, we will greatly expand our reach as we work to completely eradicate surgery communication issues.”
Launched in 2016, Casetabs’ award-winning surgery coordination application is changing how surgeries are coordinated by ensuring everyone involved in a case is continuously and instantly on the same page. In just two years, Casetabs has grown exponentially from five centers to 100 centers and 500 physician practices, almost entirely through referrals.
“We invested in Casetabs because we have confidence in the team and believe their product can transform the way surgical care is coordinated. Today, healthcare providers operate in silos, using a confounding variety of systems that don’t talk to each other, which ultimately leaves physicians and patients frustrated and burdened with unnecessary costs. Casetabs has an opportunity to be the central hub,” said Jeremy Tasset, CEO, Nueterra Capital.
For additional information on Casetabs, please visit www.casetabs.com.
Today, over 100 million surgeries are coordinated in the US every year with fragmented chains of emails, text messages, phone calls, and faxes. Casetabs replaces these ineffective and error-prone methods with an intuitive central coordination hub, which delivers real-time case information and updates to facility staff, physician office staff, physicians, and vendor reps. Casetabs is based in Santa Monica, CA. For more information, visit www.casetabs.com.
About Nueterra Capital
Nueterra Capital is a healthcare-focused private equity firm that invests in companies on the leading edge of healthcare reform. Nueterra invests in healthcare providers, services and technology companies whose business model reshapes the healthcare industry through advanced payment methods, innovative risk transfer models, data analysis, and advocating patient consumerism. Nueterra Capital has offices in Leawood, KS and Nashville, TN. To learn more, visit www.nueterra.com.
FOR IMMEDIATE RELEASE
Leawood, KS, February 5, 2018 – One5, through the partnerships with Hope Faith Ministries, Global Orphan Project, Destiny House, Solventas Surgical Alliance, as well as other partner charities, is able to reach and serve our intended audience: men, women and children. Hope Faith Ministries provides outreach services to the homeless, and it had rented the building located at 705 Virginia Avenue in the Paseo West neighborhood of Kansas City, Missouri for the past 5 years. With this donation, Hope Faith Ministries will be ensured a permanent home at no additional cost. “We are pleased to be able to support this incredible ministry to serve the homeless of the Kansas City area,” said Dan Tasset, Chairman of NueHealth and Nueterra Capital.
One5 through the partnerships with Hope Faith Ministries, Global Orphan Project, Destiny House, Solventas Surgical Alliance, as well as other partner charities, we are able to reach and serve our intended audience: men, women and children. Hope Faith Ministries is a Christian ministry located in downtown Kansas City that serves as an equipping day center for the homeless. Global Orphan Project is a nonprofit organization that cares for children and families in crisis on an international scale. Destiny House is a twelve month, faith-based program founded to help women who are looking for an opportunity to escape from and reestablish their lives outside of the sex industry. Solventas Surgical Alliance is a U.S. based nonprofit that provides capital to local surgeons who are struggling to earn a living in their home country or who are currently practicing abroad and wish to return. Various other partner charities, similarly, look to provide mental, emotional, physical, spiritual and social support for those in need.
NueHealth, LLC, is a privately held nationally trusted healthcare partner with more than 10,000 physicians and 25 health systems delivering approximately $776 million of consolidated revenue annually in 28 states. Our core business is comprehensive outpatient surgical care. Our market development is concentrated in four major regions, Mid-Atlantic, Florida, Texas and Mid-West. Since 1997, we have been successfully developing joint ventures with more than 150 high-value sites of service supported by over 2500 associates, including ASCs, MUVE™ hyper specialty joint replacement centers and specialty surgical hospitals. Our efforts have helped stabilize provider independence through wealth creation, ownership, and increased referral volume while successfully guiding them through the transition from fee for service to value based risk contracting. NueHealth has developed the industry’s most comprehensive Ambulatory Center of Excellence™(ACE) platform that assists payors, health systems and providers in delivering an appropriate alternative to fee for service, high-cost care for fully insured members and self-insured covered lives.
About Nueterra Capital
Nueterra Capital was founded to empower entrepreneurs — to equip innovative minds with the capital, resources and expertise to help drive change in the healthcare industry. Dedicated to investing in the advancement of healthcare reform, Nueterra Capital is a private equity firm that offers advisory services to our portfolio companies and partners.
As a private foundation, One5 hopes to make an exponential difference beyond our own resources. Our heartfelt desire is to help others, one person at a time by primarily supporting charities who believe in these five domains of life: mental, physical, emotional, spiritual and social. By strictly focusing on under-resourced men, women and children who are either homeless, battered or orphaned, we will have a greater impact.
We hold these goals to be specific, measurable, attainable, relevant and time-sensitive
- To heal the underprivileged to a functional and healthy state of mind, body
- To educate local communities on the impoverished populations
- To equip individuals with the means to thrive independently
- To build up the integrity and confidence of those in need
- To empower individuals to care for themselves and others
About Hope Faith Ministries
Hope Faith Ministries is a Christian ministry dedicated to meeting the physical, emotional and spiritual needs of homeless and impoverished men, women and children in Kansas City. The mission of Hope Faith Ministries is to equip and empower the homeless and less fortunate to be self-sufficient and independent. Their comprehensive approach is designed to not only provide for the critical needs of people in crisis, but to offer the services, resources and encouragement needed to make the difficult journey from dependence to independence.