Tag: Investment
MediWound raises $25M
July 16, 2024HME News Staff
YAVNE, Israel – MediWound has entered into a definitive purchase agreement with several new and existing investors, including Mölnlycke Health Care, a medtech company specializing in solutions for wound care and surgical procedures. MediWound plans to use the $25 million in gross proceeds from the private investment in public equity (PIPE) to advance EscharEx pre-commercial activities and support general corporate purposes. “We are proud to have the strong support of Mölnlycke,...
Investor buys BioMatrix
June 25, 2024HME News Staff
SEATTLE – Frazier Healthcare Partners, a Seattle-based, health care-focused investment firm, has closed on its acquisition of BioMatrix Holdings, a Plantation, Fla.-based national provider of home infusion services.
Frazier is partnering with Ted and Kathee Kramm, two highly experienced industry executives in the home infusion market, to lead BioMatrix with Ted as CEO and Kathee as president. The Kramms began their careers as clinicians (pharmacist and nurse, respectively) and have...
Better Health secures new funding round
June 13, 2024HME News Staff
SAN FRANCISCO – Better Health, a medical supply provider, has received $14 million in strategic funding, including investments from Healthworx, the innovation and investment arm of CareFirst Inc., UHealth - University of Miami Health System, and Mosaic General Partnership.
Better Health will use the funding to bring a more comprehensive solution to payers and providers, while also expanding into new categories to better serve members with chronic conditions. The company is also...
SeaFort helps fund rollout of nat’l platform for orthotics
June 4, 2024HME News Staff
HALIFAX, Nova Scotia – SeaFort Capital has made a majority investment in The Médicus Group which represents Mable Health’s first investment in the orthotics, prosthetics and mobility aids industry. Mable Health acquired Médicus from Metro and the Bleau family. “We are very excited to be partnered with SeaFort Capital and to support the growth of the Mable Health business,” said Michel Lanctôt, a general manager at Medicus who will now serve as president...
Float follows ‘North Star’ to growth
May 22, 2024Theresa Flaherty, Managing Editor
SAN FRANCISCO – With its latest round of funding, Float, a provider of on-demand home infusion staffing and technology, is poised to expand its “frictionless” solutions, says CEO Ryan Johnson.
The $10 million in Series A funding, announced in April, has allowed the company to quickly scale its solutions and expand into Arizona.
“Each month, we’re staffing over 1,800 visits and this month we were up 15% month on month, so we continue to grow quite quickly,”...
Balance Point Capital backs SG Homecare acquisition
May 21, 2024HME News Staff
WESTPORT, Conn. – Balance Point Capital, an alternative investment manager focused on the lower-middle market, has announced its investment in SG Homecare. Balance Point, in conjunction with affiliate funds Balance Point Capital Partners V and Balance Point Capital Partners VI, arranged debt financing to support SG Homecare’s recent acquisition of Western Drug, retire existing debt and provide capital for future working capital needs. “Balance Point is excited to support SG’s...
Swift Medical secures AI-related funding
March 18, 2024HME News Staff
TORONTO – Swift Medical has announced a strategic co-investment from DIGITAL, Canada’s Global Innovation Cluster for digital technologies, to expedite the adoption and commercialization of the company’s AI technologies. The total project investment stands at $9 million, with DIGITAL co-investing $4.5 million, alongside project partners. “DIGITAL is excited to build upon the over five years of investments we’ve made in applied AI with this latest announcement,”...
Seven Hills Capital doubles down on Reliable Medical
December 18, 2023HME News Staff
NASHVILLE and FRANKLIN, Tenn. - Seven Hills Capital has announced its reinvestment in Franklin, Tenn.-based Reliable Medical to support the company's growth strategy into new and existing markets.
“It’s been a privilege to work hand-in-hand with (CEO Katie Stevens) and the Reliable team to-date,” said Matt Pettit, founding partner of Seven Hills Capital. “We couldn’t be more proud to support RM’s mission and look forward to embarking on our next phase...
Philips gets new long-term investor
August 14, 2023HME News Staff
AMSTERDAM – Royal Philips has announced that Exor, a diversified holding company based in the Netherlands, has bought a 15% shareholding in the company.
As a result, Exor, which has a net asset value of about EUR 33 billion, will nominate one member to the company's Supervisory Board.
“Exor’s investment in Philips, their long-term outlook and increased focus on healthcare and technology, fit well with our strategy and substantial value creation potential,”...
KabaFusion receives investment from health system
April 24, 2023HME News Staff
LEXINGTON, Mass., and Houston – KabaFusion, which provides a broad range of essential chronic and acute infusion therapies in 44 states through its nationwide network of home infusion pharmacies, alternative infusion sites and home health agencies, has received an investment from Houston-based Memorial Hermann Health System. “We are thrilled to have Memorial Hermann join our investor group,” said Dr. Sohail Masood, founder and CEO of KabaFusion. “We share a similar focus in...