News Feed Item
Spring Mountain Capital Leads Investment in Activate Healthcare
|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
When it comes to cloud computing, the ability to turn massive amounts of compute cores on and off on demand sounds attractive to IT staff, who need to manage peaks and valleys in user activity. With cloud bursting, the majority of the data can stay on premises while tapping into compute from public cloud providers, reducing risk and minimizing need to move large files.
In his session at 18th Cloud Expo, Scott Jeschonek, Director of Product Management at Avere Systems, discussed the IT and busin...
Jul. 28, 2016 06:45 AM EDT Reads: 1,846
There will be new vendors providing applications, middleware, and connected devices to support the thriving IoT ecosystem. This essentially means that electronic device manufacturers will also be in the software business. Many will be new to building embedded software or robust software. This creates an increased importance on software quality, particularly within the Industrial Internet of Things where business-critical applications are becoming dependent on products controlled by software. Qua...
Jul. 28, 2016 06:45 AM EDT Reads: 1,528
In addition to all the benefits, IoT is also bringing new kind of customer experience challenges - cars that unlock themselves, thermostats turning houses into saunas and baby video monitors broadcasting over the internet. This list can only increase because while IoT services should be intuitive and simple to use, the delivery ecosystem is a myriad of potential problems as IoT explodes complexity. So finding a performance issue is like finding the proverbial needle in the haystack.
Jul. 28, 2016 05:45 AM EDT Reads: 2,317
"We host and fully manage cloud data services, whether we store, the data, move the data, or run analytics on the data," stated Kamal Shannak, Senior Development Manager, Cloud Data Services, IBM, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
Jul. 28, 2016 04:45 AM EDT Reads: 1,363
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 ...
Jul. 28, 2016 04:15 AM EDT Reads: 1,280
DevOps at Cloud Expo – being held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA – announces that its Call for Papers is open.
Born out of proven success in agile development, cloud computing, and process automation, DevOps is a macro trend you cannot afford to miss. From showcase success stories from early adopters and web-scale businesses, DevOps is expanding to organizations of all sizes, including the world's largest enterprises – and delivering real results. Am...
Jul. 28, 2016 03:45 AM EDT Reads: 2,319
"This week we're really focusing on scalability, asset preservation and how do you back up to the cloud and in the cloud with object storage, which is really a new way of attacking dealing with your file, your blocked data, where you put it and how you access it," stated Jeff Greenwald, Senior Director of Market Development at HGST, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
Jul. 28, 2016 03:30 AM EDT Reads: 1,592
The 19th International Cloud Expo has announced that its Call for Papers is open. Cloud Expo, to be held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, brings together Cloud Computing, Big Data, Internet of Things, DevOps, Digital Transformation, Microservices and WebRTC to one location.
With cloud computing driving a higher percentage of enterprise IT budgets every year, it becomes increasingly important to plant your flag in this fast-expanding business opportuni...
Jul. 28, 2016 03:15 AM EDT Reads: 2,638
Large scale deployments present unique planning challenges, system commissioning hurdles between IT and OT and demand careful system hand-off orchestration.
In his session at @ThingsExpo, Jeff Smith, Senior Director and a founding member of Incenergy, will discuss some of the key tactics to ensure delivery success based on his experience of the last two years deploying Industrial IoT systems across four continents.
Jul. 28, 2016 03:00 AM EDT Reads: 1,625
“We're a global managed hosting provider. Our core customer set is a U.S.-based customer that is looking to go global,” explained Adam Rogers, Managing Director at ANEXIA, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
Jul. 28, 2016 02:30 AM EDT Reads: 1,798
The Internet of Things will challenge the status quo of how IT and development organizations operate. Or will it? Certainly the fog layer of IoT requires special insights about data ontology, security and transactional integrity. But the developmental challenges are the same: People, Process and Platform.
In his session at @ThingsExpo, Craig Sproule, CEO of Metavine, demonstrated how to move beyond today's coding paradigm and shared the must-have mindsets for removing complexity from the develo...
Jul. 28, 2016 02:30 AM EDT Reads: 1,548
SYS-CON Events announced today that MangoApps will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
MangoApps provides modern company intranets and team collaboration software, allowing workers to stay connected and productive from anywhere in the world and from any device.
Jul. 28, 2016 02:15 AM EDT Reads: 1,404
IoT is rapidly changing the way enterprises are using data to improve business decision-making. In order to derive business value, organizations must unlock insights from the data gathered and then act on these.
In their session at @ThingsExpo, Eric Hoffman, Vice President at EastBanc Technologies, and Peter Shashkin, Head of Development Department at EastBanc Technologies, discussed how one organization leveraged IoT, cloud technology and data analysis to improve customer experiences and effi...
Jul. 28, 2016 02:00 AM EDT Reads: 2,058
The IETF draft standard for M2M certificates is a security solution specifically designed for the demanding needs of IoT/M2M applications. In his session at @ThingsExpo, Brian Romansky, VP of Strategic Technology at TrustPoint Innovation, explained how M2M certificates can efficiently enable confidentiality, integrity, and authenticity on highly constrained devices.
Jul. 28, 2016 01:45 AM EDT Reads: 1,111
In today's uber-connected, consumer-centric, cloud-enabled, insights-driven, multi-device, global world, the focus of solutions has shifted from the product that is sold to the person who is buying the product or service. Enterprises have rebranded their business around the consumers of their products. The buyer is the person and the focus is not on the offering. The person is connected through multiple devices, wearables, at home, on the road, and in multiple locations, sometimes simultaneously...
Jul. 28, 2016 01:15 AM EDT Reads: 859