PORTFOLIO

ValueHealth

ValueHealth is privately-held, nationally trusted surgical healthcare partner and guide to value-based care. Since 1997, they have partnered with over 10,000 physician investors and 20 health system partners to develop lower-cost sites of service, expanding into more than 150 facilities, including physician-owned surgery centers, surgical hospitals and hyper specialty centers. Today, they operate in over 30 states, positioning their Ambulatory Centers of Excellence (ACE)™ to be national leaders in the transition to value-based care.

HQ: Leawood, KS
Leadership: Dan Tasset, CEO
Year Company Founded: 2017
Year of Investment: 2017

Homebase

Homebase works with property owners and managers of apartments or student housing to create the ultimate smart living resident experience. It enables building-wide Wi-Fi connectivity, smart access control, and other smart building systems as a managed service.

HQ: Kansas City, MO
Leadership:
Blake Miller, Founder and CEO
Year of Investment: 2020

Muve Health

Muve Health provides a focused collection of surgical and recovery services, including single-fee total joint replacement. With a focus on early mobilization, the start-to-finish outpatient program offers minimally invasive surgical techniques that reduce operation and recovery time for patients. Dedicated physical therapy teams work to ease the transition home and return patients to normal activity as soon as possible.

HQ: Leawood, KS
Leadership: Rod Carbonell, CEO
Year Company Founded: 2015
Year of Investment: 2015

Firebrand

Firebrand was built from the ground up to be the first tier-one seed fund between the coasts. They leverage their top-notch team, network, and approach to find and invest in exceptional founders in the Greater Midwest.

HQ: Kansas City, MO
Leadership:
John Fein, Founder and Managing Partner
Year of Investment: 2020

NueHealth

NueHealth is a global network of physicians and facilities that is dedicated to transforming healthcare around the world. Our goal is to create a model in which high-quality care becomes more accessible and more affordable while enabling industry professionals to connect directly with patients. We develop and manage innovations in three main areas, including: focused-care facilities, integrated provider networks and benefits administration.

HQ: Leawood, KS
Leadership: Dan Tasset, CEO
Year Company Founded: 1997
Year of Investment: 1997

Astoria Healthcare Properties

A national healthcare real estate development firm, Astoria transforms the way physicians do business, care for patients, and manage their property investments. As a wholly owned subsidiary of Nueterra Capital, a private equity firm that invests in early and growth-stage healthcare companies, Astoria creates investment opportunities through effectively designed, high-quality healthcare facilities that contribute to improved outcomes.

HQ: Leawood, KS
Leadership: Jon Dandurand, CEO
Year Company Founded: 2010
Year of Investment: 2010

Benefit Management

Benefit Management is a progressive third party administrator (TPA) empowering employers, associations, providers and payors with targeted coverage and tailored contracting services. Since 1995, they have built and administered countless health benefit programs and in 2016 began offering value-based administration (VBA) for new reimbursement models. They are responsible for covered lives in all 50 states and are well known for flexibility, innovative services and outstanding customer service.

HQ: Benefit Management
Leadership: Dallas Scrip, President
Year Company Founded: 1995
Year of Investment: 2016

Novel Growth Partners

Novel Growth Partners is a revenue-based financing venture fund that provides flexible capital solutions to early-stage software companies. Novel provides companies growth capital and leverages the operational expertise of its founders and partners to provide tactical sales and marketing support to entrepreneurs via its proprietary Revenue Acceleration Platform. Novel invests in entrepreneurs focused on growing revenue and building a near-term profitable company.

HQ: Overland Park, KS
Leadership:
Carlos Antequera, Cofounder
Keith Harrington, Cofounder
Year of Investment: 2021

Healthcare Re

Healthcare Re supports independent providers in the transition to value-based care delivery simply by giving them control. With an innovative approach to alternative risk financing, we identify and manage the total cost of a provider’s risk, and then help them build a custom and cost-effective reinsurance solution to meet their unique needs. And by giving control of healthcare-specific risk back to the provider, we pave the way for better coverage, lower premiums and quality outcomes.

HQ: Centerville, UT
Leadership: Charles Kano, CEO
Year Company Founded: 2015
Year of Investment: 2015

Open Prairie Ventures

Open Prairie, based in the heartland of America with headquarters in Effingham, Illinois, is a multi-faceted private equity fund management firm with deep roots in agriculture and rural America. The Open Prairie team has consistently focused on facilitating capital accessibility in underserved markets and has managed investment portfolios ranging from technology-based venture capital to farmland.

HQ: Effingham, IL
Leadership:
J.M. “Jim” Schultz, Founder and Managing Partner
Patrick Morand, President
Year of Investment: 2010

HealthJoy

HealthJoy is an all-in-one cost containment and guidance platform that helps employees make better healthcare decisions. The platform brings together medical professionals, advocates, Rx savings, an artificial intelligence-powered virtual assistant, and more into an easy-to-use app that employees love. HealthJoy works for companies of all size, from 50 to 50,000 employees, both self-funded and fully-insured.

HQ: Chicago, IL
Leadership:
Justin Holland, Co-Founder and CEO
Doug Morse-Schindler, Co-Founder and President
Year Company Founded: 2014
Year of Investment: 2018

IVX Health

IVX Health is a rapidly growing provider of low-cost, consumer-centric infusion centers serving patients on high-cost specialty biologics with diseases such as Rheumatoid Arthritis, Psoriasis, Crohn’s Disease, Ulcerative Colitis, Multiple Sclerosis, severe Asthma, Lupus, and others. The company’s facilities are located in Class A retail settings near where patients live and work, have a medical spa/concierge look and feel, and provide best in class, retail-like administrative services to support patients and referring physicians.

HQ: Brentwood, TN
Leadership:
Doug Ghertner, CEO
William Seibels, CFO
Year Company Founded: 2012
Year of Investment: 2017

in2itive Business Solutions

Acquired by Konza Valley Capital, Inc. in 2017

PT Partners

Acquired by Peak Sport and Spine in 2017

Kill Busy Season

Kill Busy Season is a next-generation talent marketplace. It is hyper-focused on matchmaking (a) high-caliber finance and accounting professionals with (b) high-growth employers.

HQ: Kansas City
Year Company Founded: 2020
Year of Investment: 2021

Casetabs

Acquired by HST Pathways in 2020

Spinal Simplicity

Spinal Simplicity is a revenue stage medical device company focused on the design, development, and commercialization of innovative spinal and orthopedic implants. Spinal Simplicity is dedicated to providing minimally invasive spinal and orthopedic tools that significantly improve patient outcomes.

HQ: Overland Park, KS
Leadership: Todd Moseley, CEO
Year Company Founded: 2008
Year of Investment: 2018

Triggr Health

Acquired by SonarMD in 2019

kēlaHealth

KēlaHealth is a software platform that combines predictive algorithms with high-impact interventions to reduce surgical complications. We use millions of data points to inform each patient’s comprehensive risk profile, then recommend the best interventions to mitigate those risks. By following every surgical journey end-to-end, from prediction and action to outcomes, we continuously improve and inform the surgical quality ecosystem.

HQ: San Francisco, CA
Leadership: Bora Chang, MD
Year Company Founded: 2016
Year of Investment: 2019

Healium

Healium by StoryUP is the world’s first virtual and augmented reality channel powered by brainwaves and heart rate. It allows the user to see their emotions control virtual worlds with their smart watch or brain-sensing headband. In peer-reviewed journals, StoryUP’s patented technology has been shown to reduce anxiety and increase feelings of positivity in as little as four minutes. Healium kits are used worldwide in areas of situational stress.

WellBrain

WellBrain enables physicians and hospital systems to use evidence based non-opiate modalities such as mindfulness and other solutions in a B2B2C software-as-a-service model. Providers use iPads for tracking various inputs on patient’s health, movement, depression and anxiety and other factors to provide custom treatments or guided meditations in a physician tracked app for patients to use at home on smartphones.

MedZero

MedZero is a new employee benefit providing instant 0% loans for families throughout the U.S. who are struggling to pay their healthcare bills. Employees can make payments ranging from $100 to $5,000 for medical, dental, vision, and pharmaceutical needs. MedZERO loans are repaid over 6 to 12 months through payroll deductions, and savings of up to 30% are achieved by maximizing the use of health savings accounts.

Spoke Health

Spoke Health helps healthcare organizations deploy and scale new care and payment models to tackle high cost care episodes from “ouch” to “outcome.” The Spoke technology platform powers a healthcare marketplace for high quality, low cost care that significantly reduces medical and administrative costs, enables cost transparency and improves consumer health, satisfaction and peace of mind.

BrainCheck

BrainCheck is modernizing and democratizing neurocognitive testing to help people of all ages understand what’s happening in their brain. The company offers tablet and web-based cognitive diagnostic aids to physicians and health systems, allowing physicians, including PCPs, to provide highest quality, reliable cognitive care with favorable reimbursement.

TheraWe Connect

Acquired by Rethink First in 2020

CareSignal

CareSignal provides patient engagement and monitoring tools to identify patients whose health is worsening in the community. Their standardized, evidence-based SMS text messages and IVR phone calls collect patient symptoms for 24 chronic and behavioral health conditions, while advanced algorithms risk stratify patient-reported data to identify at-risk patients. Clinical teams receive alerts for at-risk patients, providing actionable data that enables proactive care to improve health outcomes and prevent avoidable emergency department visits.

Acquired by Lightbeam Health Solutions, Inc. in 2021

Moving Analytics

Cardiovascular disease is one of the leading causes of death in the country yet participation and completion rates in cardiac rehab is low. Lack of participation is proven to result in increased hospitalizations and early death. Moving Analytics is an evidence-based, structured, digital cardiac rehab program that is proven to show the same outcomes as traditional facilities at 3x higher participation rates.

Sickweather

Sickweather knows where sick people are and where they will be up to 15 weeks in advance. Their patented social listening technology detects illness trends in real-time at a hyper local level, in over 120 countries. That data is then modeled into 15-week forecasts and a threat level index call the SickScore.

Patheous Health

Patheous Health is building a new direction in feeding healthcare. Their growth is based on diagnostic and therapeutic innovations that improve outcomes, lower cost and ensure that providers and patients have access to care.

HQ: Leawood, KS
Leadership:
Michael Peck, Founder and CEO
Correy Trupp, COO
Year Company Founded: 2019
Year of Investment: 2020

Noble Health

Noble Health’s mission is to provide high-quality medical care that addresses the needs of the communities they serve. Their goal is to serve the community and its residents with comprehensive medical services delivered at reasonable prices and with the highest integrity. They will work diligently and forthrightly with local, state and federal governments towards a sustainable model that provides medical services for all.

HQ: Leawood, KS
Leadership:
Don Peterson, Executive Chairman of the Board
Tom Carter, President Noble Health Corporation
Drew Solomon, President Noble Health Real Estate
Year Company Founded: 2019
Year of Investment: 2019

SonarMD

SonarMD is a care coordination and therapeutic optimization solution for high-beta conditions. SonarMD’s clinical staff and technology make it easier for patients and specialists to work together to detect and address worsening symptoms sooner and make the right treatment decisions.

HQ: Chicago, IL
Leadership:
Lawrence R. Kosinski, MD, MBA, Founder and CMO
A.R. Weiler, CEO
Year of Investment: 2019

Abstraction Capital

Abstraction Capital provides early-stage capital for technical founders building technical tools.

HQ: Kansas City, MO
Leadership: Taylor Clauson, Founder and Managing Partner
Year of Investment: 2021

Lightbeam Health Solutions

Lightbeam Health Solutions delivers a revolutionary model for managing patient populations and associated risk. Lightbeam’s vision is to bring health data into the light through the use of analytics, and to provide the insight and capabilities healthcare clients need to ensure patients receive the right care at the right time. Lightbeam’s platform facilitates end-to-end population health management for ACOs, payers, provider groups, health systems, and other healthcare organizations aspiring to provide superior care at a lower cost.

HQ: Irving, TX
Leadership: Pat Cline, CEO
Year of Investment: 2021

October Impact Fund

The October Minority Impact Fund is dedicated to investing in early-stage businesses founded by members of underserved and underrepresented communities, with a focus on Black and other founders of color.

HQ: Leawood, KS
Leadership:
Reggie Jackson, Chairman
Emmanuel Emah-Emeni, Managing Director
Year of Investment: 2022