Welcome!

News Feed Item

Spring Mountain Capital Leads Investment in Activate Healthcare

NEW YORK, Sept. 3, 2014 /PRNewswire/ -- Spring Mountain Capital, LP, a New York-based investment management firm, announced today that its private equity group structured and led a multimillion dollar growth equity investment in Activate Healthcare, LLC. 

Activate Healthcare is transforming the primary care delivery model by developing and managing the next generation of workplace health clinics. On average, Activate clients see a $2 - $4 return for every dollar they invest in a clinic, and employee participation is often in excess of 90%. Unlike other models, Activate dedicates a full-time physician to each clinic, so employees receive proactive, preventative, relationship-based primary care.   

"Over the past five years, we have built a strong regional network of primary care health clinics located within or near a workplace. Spring Mountain Capital's investment will allow us to amplify those successes and take Activate Healthcare to the next level as we expand into new markets," said Activate principal and co-founder Peter Dunn. "The on-site model represents the future of healthcare in America, and our clients routinely see their employees' health improve while their insurance costs decrease. It's a win-win for everyone involved."

In today's healthcare system, payors have systematically cut the reimbursement rate to physicians for primary care visits. As an offset, doctors have been required to increase the number of patients seen each day, significantly decreasing the time spent with each patient. As a consequence, primary care has evolved into a reactive, episodic, acute care-oriented model that is less able to manage chronic diseases and less effective in providing preventative care. 

"The overall experience of having a dedicated primary care physician and health coach creates a quality and continuity of care that improves the overall health of the patient and their quality of life," said Activate principal and co-founder Debra Geihsler, a former healthcare CEO. "Not only does the patient appreciate this type of care, but the providers enjoy practicing medicine in a way that they were trained to practice. This benefits the patient, the provider, and the employer."

Dunn and Geihsler founded Activate Healthcare in 2009. The Company has 20 clinics throughout Indiana and the Midwest. Activate recently announced an expansion into Wisconsin.

"We look forward to our new partnership with Activate Healthcare and working closely with Debra and Peter as they look to execute on their innovative approach to reducing healthcare costs for employers while providing high quality care for employees," said Jamie Weston, Managing Director in Spring Mountain Capital's private equity group. "Our private equity group looks to invest in growth equity opportunities like Activate Healthcare that are leading a paradigm shift in their industry."

ABOUT SPRING MOUNTAIN CAPITAL, LP

Founded in 2001 and located in New York City, Spring Mountain Capital, LP ("SMC") is a private investment management firm that focuses on alternative asset investing and offers investors a wide range of strategies designed to produce attractive risk adjusted returns. SMC has a dynamic and opportunistic mindset with a client-oriented focus that drives it toward providing investors with intelligent and sophisticated investment opportunities. The private equity group at SMC makes growth equity investments in small capitalization companies.  Its "investing in the gaps" philosophy capitalizes on market dislocations, information asymmetry, illiquidity and complexity. It seeks to invest in opportunities that benefit from break-through innovations, paradigm shifts, or fundamental market or behavioral changes.

ABOUT ACTIVATE HEALTHCARE, LLC

Headquartered in Indianapolis, IN, Activate Healthcare was formed in 2009 by Debra Geihsler and Peter Dunn with the goal of transforming healthcare by delivering primary care that engages the patient, supports a culture of health, guides the healthcare continuum to lower costs, and enables employers of all sizes to benefit from dedicated care. The company currently serves approximately 40 to 50 employers through 20 clinics. For further information, please visit the Company's website (www.activatehealthcare.com).

For further information:
Raymond L.M. Wong (212-292-8334)
Jamie Weston (212-292-7056)
www.springmountaincapital.com

SOURCE Spring Mountain Capital, LP

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
You know you need the cloud, but you’re hesitant to simply dump everything at Amazon since you know that not all workloads are suitable for cloud. You know that you want the kind of ease of use and scalability that you get with public cloud, but your applications are architected in a way that makes the public cloud a non-starter. You’re looking at private cloud solutions based on hyperconverged infrastructure, but you’re concerned with the limits inherent in those technologies.
With major technology companies and startups seriously embracing Cloud strategies, now is the perfect time to attend 21st Cloud Expo October 31 - November 2, 2017, at the Santa Clara Convention Center, CA, and June 12-14, 2018, at the Javits Center in New York City, NY, and learn what is going on, contribute to the discussions, and ensure that your enterprise is on the right path to Digital Transformation.
Cloud applications are seeing a deluge of requests to support the exploding advanced analytics market. “Open analytics” is the emerging strategy to deliver that data through an open data access layer, in the cloud, to be directly consumed by external analytics tools and popular programming languages. An increasing number of data engineers and data scientists use a variety of platforms and advanced analytics languages such as SAS, R, Python and Java, as well as frameworks such as Hadoop and Spark...
Cloud-based disaster recovery is critical to any production environment and is a high priority for many enterprise organizations today. Nearly 40% of organizations have had to execute their BCDR plan due to a service disruption in the past two years. Zerto on IBM Cloud offer VMware and Microsoft customers simple, automated recovery of on-premise VMware and Microsoft workloads to IBM Cloud data centers.
SYS-CON Events announced today that MIRAI Inc. will exhibit at the Japan External Trade Organization (JETRO) Pavilion at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. MIRAI Inc. are IT consultants from the public sector whose mission is to solve social issues by technology and innovation and to create a meaningful future for people.
While some developers care passionately about how data centers and clouds are architected, for most, it is only the end result that matters. To the majority of companies, technology exists to solve a business problem, and only delivers value when it is solving that problem. 2017 brings the mainstream adoption of containers for production workloads. In his session at 21st Cloud Expo, Ben McCormack, VP of Operations at Evernote, will discuss how data centers of the future will be managed, how th...
SYS-CON Events announced today that Enroute Lab will exhibit at the Japan External Trade Organization (JETRO) Pavilion at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Enroute Lab is an industrial design, research and development company of unmanned robotic vehicle system. For more information, please visit http://elab.co.jp/.
Today companies are looking to achieve cloud-first digital agility to reduce time-to-market, optimize utilization of resources, and rapidly deliver disruptive business solutions. However, leveraging the benefits of cloud deployments can be complicated for companies with extensive legacy computing environments. In his session at 21st Cloud Expo, Craig Sproule, founder and CEO of Metavine, will outline the challenges enterprises face in migrating legacy solutions to the cloud. He will also prese...
Enterprises are moving to the cloud faster than most of us in security expected. CIOs are going from 0 to 100 in cloud adoption and leaving security teams in the dust. Once cloud is part of an enterprise stack, it’s unclear who has responsibility for the protection of applications, services, and data. When cloud breaches occur, whether active compromise or a publicly accessible database, the blame must fall on both service providers and users. In his session at 21st Cloud Expo, Ben Johnson, C...
Agile has finally jumped the technology shark, expanding outside the software world. Enterprises are now increasingly adopting Agile practices across their organizations in order to successfully navigate the disruptive waters that threaten to drown them. In our quest for establishing change as a core competency in our organizations, this business-centric notion of Agile is an essential component of Agile Digital Transformation. In the years since the publication of the Agile Manifesto, the conn...
DevOps is being widely accepted (if not fully adopted) as essential in enterprise IT. But as Enterprise DevOps gains maturity, expands scope, and increases velocity, the need for data-driven decisions across teams becomes more acute. DevOps teams in any modern business must wrangle the ‘digital exhaust’ from the delivery toolchain, "pervasive" and "cognitive" computing, APIs and services, mobile devices and applications, the Internet of Things, and now even blockchain.
As DevOps methodologies expand their reach across the enterprise, organizations face the daunting challenge of adapting related cloud strategies to ensure optimal alignment, from managing complexity to ensuring proper governance. How can culture, automation, legacy apps and even budget be reexamined to enable this ongoing shift within the modern software factory?
The Internet giants are fully embracing AI. All the services they offer to their customers are aimed at drawing a map of the world with the data they get. The AIs from these companies are used to build disruptive approaches that cannot be used by established enterprises, which are threatened by these disruptions. However, most leaders underestimate the effect this will have on their businesses. In his session at 21st Cloud Expo, Rene Buest, Director Market Research & Technology Evangelism at Ara...
WebRTC is great technology to build your own communication tools. It will be even more exciting experience it with advanced devices, such as a 360 Camera, 360 microphone, and a depth sensor camera. In his session at @ThingsExpo, Masashi Ganeko, a manager at INFOCOM Corporation, will introduce two experimental projects from his team and what they learned from them. "Shotoku Tamago" uses the robot audition software HARK to track speakers in 360 video of a remote party. "Virtual Teleport" uses a mu...
Trying to improve density, lower costs and run applications faster than before? Today, enterprises looking for a secure cloud strategy are increasingly turning to container-based Platform as a Service solutions for on-premises hosted DevOps. In her session at 21st Cloud Expo, Alise Cashman Spence, Offering Manager, Power Systems Cloud Solutions at IBM, will discuss the driving factors behind these cloud trends and how IBM customers are realizing exceptional performance, security and control for ...