|By PR Newswire||
|September 3, 2014 11:00 AM EDT|
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)
SOURCE Spring Mountain Capital, LP
With the Apple Watch making its way onto wrists all over the world, it’s only a matter of time before it becomes a staple in the workplace. In fact, Forrester reported that 68 percent of technology and business decision-makers characterize wearables as a top priority for 2015. Recognizing their business value early on, FinancialForce.com was the first to bring ERP to wearables, helping streamline communication across front and back office functions. In his session at @ThingsExpo, Kevin Roberts...
Feb. 14, 2016 02:00 AM EST Reads: 433
Let’s face it, embracing new storage technologies, capabilities and upgrading to new hardware often adds complexity and increases costs. In his session at 18th Cloud Expo, Seth Oxenhorn, Vice President of Business Development & Alliances at FalconStor, will discuss how a truly heterogeneous software-defined storage approach can add value to legacy platforms and heterogeneous environments. The result reduces complexity, significantly lowers cost, and provides IT organizations with improved effi...
Feb. 14, 2016 01:15 AM EST Reads: 291
Cognitive Computing is becoming the foundation for a new generation of solutions that have the potential to transform business. Unlike traditional approaches to building solutions, a cognitive computing approach allows the data to help determine the way applications are designed. This contrasts with conventional software development that begins with defining logic based on the current way a business operates. In her session at 18th Cloud Expo, Judith S. Hurwitz, President and CEO of Hurwitz & ...
Feb. 13, 2016 11:15 PM EST Reads: 314
It's easy to assume that your app will run on a fast and reliable network. The reality for your app's users, though, is often a slow, unreliable network with spotty coverage. What happens when the network doesn't work, or when the device is in airplane mode? You get unhappy, frustrated users. An offline-first app is an app that works, without error, when there is no network connection.
Feb. 13, 2016 09:00 PM EST Reads: 258
Data-as-a-Service is the complete package for the transformation of raw data into meaningful data assets and the delivery of those data assets. In her session at 18th Cloud Expo, Lakshmi Randall, an industry expert, analyst and strategist, will address: What is DaaS (Data-as-a-Service)? Challenges addressed by DaaS Vendors that are enabling DaaS Architecture options for DaaS
Feb. 13, 2016 08:45 PM EST Reads: 400
One of the bewildering things about DevOps is integrating the massive toolchain including the dozens of new tools that seem to crop up every year. Part of DevOps is Continuous Delivery and having a complex toolchain can add additional integration and setup to your developer environment. In his session at @DevOpsSummit at 18th Cloud Expo, Miko Matsumura, Chief Marketing Officer of Gradle Inc., will discuss which tools to use in a developer stack, how to provision the toolchain to minimize onboa...
Feb. 13, 2016 08:00 PM EST Reads: 150
SYS-CON Events announced today that Catchpoint Systems, Inc., a provider of innovative web and infrastructure monitoring solutions, has been named “Silver Sponsor” of SYS-CON's DevOps Summit at 18th Cloud Expo New York, which will take place June 7-9, 2016, at the Javits Center in New York City, NY. Catchpoint is a leading Digital Performance Analytics company that provides unparalleled insight into customer-critical services to help consistently deliver an amazing customer experience. Designed...
Feb. 13, 2016 07:00 PM EST Reads: 420
With the proliferation of both SQL and NoSQL databases, organizations can now target specific fit-for-purpose database tools for their different application needs regarding scalability, ease of use, ACID support, etc. Platform as a Service offerings make this even easier now, enabling developers to roll out their own database infrastructure in minutes with minimal management overhead. However, this same amount of flexibility also comes with the challenges of picking the right tool, on the right ...
Feb. 13, 2016 04:45 PM EST Reads: 207
CIOs and those charged with running IT Operations are challenged to deliver secure, audited, and reliable compute environments for the applications and data for the business. Behind the scenes these tasks are often accomplished by following onerous time-consuming processes and often the management of these environments and processes will be outsourced to multiple IT service providers. In addition, the division of work is often siloed into traditional "towers" that are not well integrated for cro...
Feb. 13, 2016 04:00 PM EST Reads: 513
SYS-CON Events announced today that FalconStor Software® Inc., a 15-year innovator of software-defined storage solutions, will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. FalconStor Software®, Inc. (NASDAQ: FALC) is a leading software-defined storage company offering a converged, hardware-agnostic, software-defined storage and data services platform. Its flagship solution FreeStor®, utilizes a horizonta...
Feb. 13, 2016 02:30 PM EST
With an estimated 50 billion devices connected to the Internet by 2020, several industries will begin to expand their capabilities for retaining end point data at the edge to better utilize the range of data types and sheer volume of M2M data generated by the Internet of Things. In his session at @ThingsExpo, Don DeLoach, CEO and President of Infobright, will discuss the infrastructures businesses will need to implement to handle this explosion of data by providing specific use cases for filte...
Feb. 13, 2016 02:00 PM EST Reads: 259
SYS-CON Events announced today that Avere Systems, a leading provider of enterprise storage for the hybrid cloud, will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. Avere delivers a more modern architectural approach to storage that doesn’t require the overprovisioning of storage capacity to achieve performance, overspending on expensive storage media for inactive data or the overbuilding of data centers ...
Feb. 13, 2016 01:30 PM EST Reads: 148
SYS-CON Events announced today that Pythian, a global IT services company specializing in helping companies adopt disruptive technologies to optimize revenue-generating systems, has been named “Bronze Sponsor” of SYS-CON's 18th Cloud Expo, which will take place on June 7-9, 2015 at the Javits Center in New York, New York. Founded in 1997, Pythian is a global IT services company that helps companies compete by adopting disruptive technologies such as cloud, Big Data, advanced analytics, and DevO...
Feb. 13, 2016 01:30 PM EST Reads: 291
SYS-CON Events announced today that Commvault, a global leader in enterprise data protection and information management, has been named “Bronze Sponsor” of SYS-CON's 18th International Cloud Expo, which will take place on June 7–9, 2016, at the Javits Center in New York City, NY, and the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Commvault is a leading provider of data protection and information management...
Feb. 13, 2016 12:45 PM EST Reads: 479
SYS-CON Events announced today that Column Technologies will exhibit at SYS-CON's @DevOpsSummit at Cloud Expo, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. Established in 1998, Column Technologies is a global technology solutions provider with over 400 employees, headquartered in the United States with offices in Canada, India, and the United Kingdom. Column Technologies provides “Best of Breed” technology solutions that automate the key DevOps principal...
Feb. 13, 2016 12:00 PM EST