Healthcare & Life Sciences

Earned Wealth is the first comprehensive, tech-enabled financial services firm purpose-built for the complex needs of healthcare professionals and medical practices. Offering wealth, tax, career advisory, insurance, and other services, Earned uses a doctor's unique career journey — from residency to buying into private practice to retirement — as a lens for the company's data-driven, evidence-based recommendations.

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Hallmark Health Care Solutions offers a SaaS-based workforce management platform designed to help health systems, hospitals, physician groups and other healthcare organizations address labor-related challenges. The company’s platform combines tools focused on talent sourcing and deployment with provider compensation and contracting to create an end-to-end solution that helps drive transparency, efficiency and cost savings.

LumaBridge is a specialty clinical research organization (CRO) focused on creating innovative clinical trial solutions for biopharma companies. Founded in 2014 as Cancer Insight, the company designs and executes outsourced clinical trials. LumaBridge offers strategic partnership and personalized attention to each sponsor, accelerating the development of potential therapies.

pigeon

U.S. Health Partners (“USHP”) is a national cardiovascular care platform that seeks to provide its network of physicians with resources to help maintain their clinical autonomy, grow their practices and improve the quality of patient care.

practice management, value-based care

TurningPoint Healthcare Solutions provides an innovative suite of specialty care management services and technologies focused on managing complex conditions including musculoskeletal (MSK), ENT, sleep, and cardiac care. The company engages constituents across the continuum of care to create transparency and alignment of patients, providers, and payors to drive high-quality, cost-effective patient care.

Veranex is a global provider of comprehensive, tech-enabled services to the medical technology industry. Offering expert guidance for each of its four concept-through-commercialization pillars — engineering and design, clinical, market access, and regulatory — Veranex is designed to enable accelerated speed to market, controlled development costs, development risk mitigation and accelerated market viability assessment.

VaxCare provides an end-to-end vaccine management platform designed to help independent physician practices and health systems outsource the vaccine management process via an integrated and technology-enabled service offering.

Fortis Life Sciences is a global platform that provides capital, expertise and operational resources to grow founder-led life sciences tools companies serving diagnostic, therapeutic and research customers.

Leon Medical Centers is the largest independent, integrated provider network serving Medicare Advantage members in Miami-Dade County, Florida. Leon’s care delivery network includes medical centers, healthy living centers, a network of exclusive specialists and a medical infrastructure of urgent care, home health services, on-site pharmacies and labs, transportation services and disease management.

value-based care

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CluePoints was founded in 2012 with a vision to provide pharmaceutical companies and CROs a better way of identifying, visualizing, managing and documenting risks that could impact the outcome of clinical trials. The company’s cloud-based Risk-Based Quality Management (“RBQM”) solutions help sponsors remotely monitor clinical and operational data in real-time to increase efficiency, improve patient safety, and reduce costs. By 2020, CluePoints was seen as an established leader in RBQM, and the Co-founders sought a partner with deep experience scaling healthcare software businesses to support the company’s continued growth and global expansion to meet accelerating customer demand worldwide.

eClinical Solutions is a leading global provider of cloud-based enterprise SaaS and software-driven clinical data services. The company’s elluminate® platform is designed to increase clinical trial efficiency and help accelerate the clinical development process by providing life sciences companies with greater control of their clinical trial data.

InnovaCare Health is one of the largest integrated, value-based payor and provider service organizations in the United States. Through an integrated portfolio of health plans, medical service organizations and clinical networks, InnovaCare works across the healthcare ecosystem – with patients, providers, payors and other partners – to increase access to high-quality, affordable care.

value-based care

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Abode is a leading provider of home health and hospice services throughout the United States. The company offers a full spectrum of palliative care and support services that are tailored to the individual needs and preferences of terminally ill patients and their families.

Viroclinics Biosciences is a leading provider of specialized clinical and non-clinical services to the global virology therapeutics and vaccine development market. The company offers a full range of services to support and accelerate the market entry of new drugs, vaccines and antivirals from discovery to launch.

RadioOnkologieNetzwerk (“RON”) is a leading provider of multi-specialist oncology treatment services, operating one of the largest radiotherapy and oncology networks in Germany. The company is committed to delivering the highest quality treatment and service levels to cancer patients throughout Germany.

practice management

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U.S. Renal Care works in partnership with nephrologists to develop, acquire, and operate outpatient treatment centers for persons suffering from End Stage Renal Disease (“ESRD”). The company serves approximately 25,000 patients in more than 330 dialysis facilities across more than 30 states.

Sound Physicians is a leading provider of hospitalist, intensivist, emergency medicine, telehealth and physician advisor services with a proven track record of improving clinical quality, patient satisfaction, and financial performance for its hospital partners nationwide. Sound’s high-performance clinical model leverages best-in-class physicians and a proprietary technology platform to drive strong clinical results across the acute episode of care.

Blended Health is a behavioral healthcare company focused on expanding access to outpatient behavioral healthcare services for adolescents and adults struggling with acute mental health challenges. Operating several outpatient clinics across the U.S. under the Connections Wellness Group brand, Blended Health offers partial hospitalization programs (PHP) and intensive outpatient programs (IOP) that provide a strong continuity of care through convenient, innovative, and high touch individual and group services.

Advance Medical is a global provider of second opinion and other telemedicine services to large employers and insurers. With offices in Barcelona, Boston, Lisbon, Shanghai, Sao Paulo, Santiago de Chile and the UK, Advance Medical employs more than 800 dedicated health professionals worldwide and offers expert medical opinions, 24/7 medical advice, triage and a range of other telehealth services.

LakePharma is a leading biologics company specializing in antibody engineering, antibody discovery, molecular engineering, protein chemistry, bioexpression, biofunction, bioprocessing and bioanalytics. Its services and technology enable clients to accelerate product development from discovery to Phase 1 clinical trials.

zahneins was created by bringing together several leading dental clinics and practitioners to form one of the largest private dental networks in Germany. Partnering with local dentists, zahneins provides comprehensive practice management support that enables dentists to focus on providing the highest quality care to patients.

LifeStance Health is a behavioral healthcare company focused on providing evidence-based, medically driven treatment services for children, adolescents and adults suffering from a variety of mental health issues in an outpatient care setting, both in-person and through its digital health telemedicine offering.

practice management

MRIoA is a leading provider of tech-enabled clinical review services for healthcare organizations designed to help patients receive the right care at the right time and in the right place, thereby improving the value equation in healthcare. The company provides independent clinical and utilization reviews, evidence-based clinical opinions and appropriate utilization analytics for many of the largest health plans, pharmacy benefit managers, third party administrators, government entities and self-insured employers in the United States.

Founded in 2005, HealthSun operates one of the largest and fastest-growing integrated Medicare Advantage health plan and care delivery networks focused primarily on the dual-eligible population in Florida’s Miami-Dade and Broward counties. In 2015, during a phase of rapid membership growth, HealthSun owners and management considered a recapitalization of the business to fuel continued expansion, provide shareholder liquidity and consolidate the business with wholly-owned medical clinic operator, Wellmax, and captive clinic operator, Pasteur Medical Centers. Summit’s extensive domain expertise in health insurance and coordinated care delivery models helped to support our conviction in the business and its opportunities for continued growth.

value-based care

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Thrive Skilled Pediatric Care (Thrive SPC) is one of the largest independent providers of pediatric home care in the United States. Offering skilled private duty nursing services, pediatric therapy, licensed health aide services and certified nurse assistant services, Thrive SPC focuses on supporting children with complex medical needs in the comfort of their homes.

PharmScript is a leading pharmacy provider to long-term care and post-acute care facilities, serving more than 500 facilities across 18 states. The company provides rigorous quality assurance, innovative technology and high-quality service to help healthcare facilities administer medications safely.

EHE Health offers a managed healthcare service focused on prevention that drives validated clinical outcomes while delivering enterprise-wide value. EHE partners with employers to create a healthier, happier, and more engaged workforce through a nationwide network of physicians and digital tools.

Healthline Media provides health and wellness information to consumers through its media properties Healthline.com, MedicalNewsToday.com and Greatist.com. The company’s mission is to be its users’ most trusted ally in their pursuit of health and well-being by offering medically reviewed clinical content that is authoritative, approachable and actionable.

Founded in 1999, DMG Practice Management Solutions is a subsidiary of DuPage Medical Group (DMG), which had grown to become the largest independent, multi-specialty physician group in the Chicago area by 2015. DMG provided integrated physician-directed health care focused on quality, efficiency and access. Led by a strong executive team, the company was well positioned to benefit from the industry-wide shift to value-based care. When DMG explored outside growth capital opportunities in 2015, it was critical to their mission to maintain a patient-focused, doctor-directed culture. We believe Summit’s commitment to accommodate this need, together with our deep experience with physician practice management and value-based care models, helped position us as a desirable growth equity partner.

Founded in 2006, Advanced Cell Diagnostics (ACD) quickly established itself as a leader in the field of molecular pathology, developing cell- and tissue-based diagnostic tests for personalized medicine and life science research. With a rapidly growing product portfolio based on its proprietary RNAscope® technology, ACD sought an experienced life sciences investor to help expand the company’s go-to-market capability with a focus on international expansion and eCommerce enablement.

Paradigm is an accountable specialty care management organization focused on improving the lives of people with complex and catastrophic injuries and diagnoses. The company has been a pioneer in value-based care since 1991 and has an exceptional track record of generating the very best outcomes for patients, payers, and providers. Deep clinical expertise is the foundation for every part of Paradigm’s business, including its risk-based clinical solutions, case management services, high-value specialty networks, home health, and payment integrity programs.

value-based care

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Founded in 2010, DentalPro owns and operates full-service dental clinics across Italy, most of which are conveniently located in shopping malls. By partnering with local dentists and providing comprehensive practice management support and training, DentalPro enables practitioners to focus on providing accessible and high-quality care to their patients. In 2015, DentalPro sought a financial partner to support its acquisition strategy and help accelerate the opening of new clinic locations. We believe Summit’s experience in healthcare services – and in the dental sector more specifically – combined with our demonstrated expertise in acquisition integration positioned us well.

Advance Health provides in-home health risk assessments and chronic care management services and solutions through its extensive provider network and a proprietary mobile workflow technology.

Run by and for vets, IVC was formed in 2011 through the merger of several large independent veterinary hospitals across the United Kingdom. With a vet-focused business model that enables local practices to retain their independence while centralizing administrative functions and support services at the group level, IVC quickly grew to more than 100 veterinary hospitals. Seeing continued opportunity for growth, IVC’s management sought an experienced healthcare investor with the resources and expertise to accelerate the company’s acquisition pace and increase organic growth – and chose to partner with Summit in 2014.

practice management

MDVIP was founded in 2000 with a vision for a better way to practice medicine and to provide level of care that patients deserve. Since its founding, the company has been at the forefront of affordable, personalized healthcare; MDVIP-affiliated physicians limit the size of their practices, allowing each physician to spend more time with patients than in a traditional practice model. Summit first invested in MDVIP in 2004 and held a minority interest in the company until its acquisition by Proctor & Gamble (“P&G”) in 2009. By 2014, P&G sought to divest the business. Summit’s familiarity with the company and the market created an opportunity to partner again with MDVIP to help the company accelerate its growth and further establish its leadership position in the concierge medicine market.

practice management

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BluePearl Veterinary Partners was formed in 2008 by brothers Darryl Shaw and Dr. Neil Shaw after merging their Tampa- and New York-based specialty veterinary hospitals with an existing specialty and emergency hospital in Kansas. Over the next several years, BluePearl continued to expand its operations, acquiring independent veterinarian-led specialty and emergency practices while maintaining a strong standard of care and great service to their referral base of primary care veterinarians. As rising pet ownership presented an opportunity for further growth, we believe BluePearl’s management chose Summit to help increase referral volume, accelerate the company's acquisition pace and provide liquidity to existing shareholders.

practice management

ABILITY Network is a national leader in providing innovative, web-based connectivity and workflow solutions that simplify clinical and administrative tasks for healthcare providers. Providers use the myABILITY platform daily to help them manage their administrative and clinical processes.

Founded in 2005, Wellcentive was built from the ground up to help physicians and health organizations transition to value-based care. The company’s cloud-based, scalable population health management solutions were designed to simplify complex data from all points of care to advance comprehensive care management and payer collaboration, while improving clinical, financial and human outcomes. After seasoned healthcare executive Tom Zajac became CEO in 2013, Wellcentive sought a financial partner to provide partial liquidity to the cofounders, as well as growth capital and strategic support for expansion initiatives. In 2014, Summit led a financing round with existing investors Noro-Moseley Partners and Harbert Venture Partners.

Integrated DNA Technologies (IDT) is the world’s largest manufacturer of custom nucleic acids (i.e., building blocks of DNA and RNA) and assists researchers in advancing genomics technology, including synthetic biology and Next-Generation Sequencing. The company serves more than 90,000 customers across a diverse set of end markets including academic research, biotechnology, clinical diagnostics and pharmaceuticals.

ModMed provides a powerful, cloud- and tablet-based electronic medical record (EMR) system to accommodate the specific needs of healthcare specialties. The company’s product, Electronic Medical Assistant (EMA), offers a touch-based interface that adapts to providers’ preferences, reduces documentation time, and contextualizes treatment patterns at the point-of-care.

COMS Interactive offers software solutions that help healthcare facilities more effectively treat and monitor their patient population. The company’s software dramatically reduces hospital readmissions, improves patient quality of life, enhances communication among providers, and reduces payer costs.

SAMGI is a provider of general, orthopedic and trauma surgical hospitalist programs to acute-care hospitals. The company delivers comprehensive surgical care and administrative services to hospitals including 24/7 coverage, physician recruiting and performance management.

Solutionreach is a leading patient engagement and communication platform for medical, dental and vision practices. The company’s solutions empower healthcare practices to save time and generate more revenue while transforming the patient experience.

CareCentrix provides specialty benefit management services to health plans, improving quality and reducing costs in several areas of home-based healthcare such as home nursing, home medical equipment, home drug infusion, sleep diagnostic tests and hospital readmissions.

MedSpring Urgent Care was formed to build and operate a network of urgent care centers throughout the United States. Each walk-in facility is staffed by skilled physicians and medical professionals, has on-site X-ray and lab equipment, and offers convenient and reliable care.

practice management

My Dentist Holdings is a retail dental practice management company that owns and operates more than 20 free-standing office locations in the United States. The company provides general dentistry, cosmetic dentistry, dentures, implants and orthodontics.

Ob Hospitalist Group develops and manages in-house Ob/Gyn hospitalist programs. The company delivers comprehensive Ob/Gyn clinical solutions and administrative services including 24/7 coverage, physician recruiting, billing support and performance management.

ApoCell is a specialized molecular diagnostics laboratory that is developing proprietary technology to analyze the effectiveness of oncology compounds for large pharmaceutical and biotech companies.

Immco Diagnostics provides high-quality diagnostic test kits and lab testing services worldwide for the screening of autoimmune disorders.

With origins dating back to the 1970s, Fermentas produced molecular biology products for scientific research. Fermentas grew to be the dominant player in Europe, and sought an experienced life sciences partner to solidify this leading position while helping expand geographically into North America and Asia.

National Veterinary Associates (NVA) was founded by Dr. Stanley Creighton, DVM, with an emphasis on supporting local medical standards as established by individual hospitals and practitioners. He had a vision to consolidate the fragmented veterinary practice market through an acquisition model that would provide practice management support services while allowing veterinarians to focus on delivering outstanding patient care.

In the late 1990s, Drs. Steve Gottlieb and Tushar Ramani built an anesthesiology department at a community hospital and quickly established a reputation for quality medical care and customer-focused service. Their model was well-received, and other hospitals sought their help in organizing their own internal anesthesiology departments. The founders established Anesthetix to provide comprehensive anesthesiology and pain management solutions to hospitals and surgery centers. Although the company was growing well, Drs. Gottlieb and Ramani believed they could scale the business more quickly with the help of an experienced partner, and they chose to work with Summit.

Aurora Diagnostics is a specialized anatomic pathology laboratory company, partnering with medical professionals across the United States to provide the highest quality diagnostics and patient care.

Sparta Systems provides enterprise quality and compliance management software for the life sciences, manufacturing and regulatory affairs industries.

Founded and led by Dr. Robert Margolis, HealthCare Partners (HCP) is a leading integrated healthcare delivery system and is a role model for integrated and coordinated care, leading the transformation of the national healthcare delivery system to assure quality, access and affordable care for all. Although HCP was profitable, growing well and had a strong balance sheet, its physician owners sought an experienced healthcare investor to help them plan and execute a growth strategy.

value-based care

Originally incubated by Ohio University, Diagnostic Hybrids (DHI) had built a profitable growth business whose diagnostic products were highly valued by customers around the world. But the company’s core technology strength was in a mature category and the company was concerned about market headroom. Summit embraced management’s vision of a new wave of technological innovation to access new markets and to continue DHI’s strong growth.

LogistiCare provides non-emergency medical transportation services to U.S. governmental healthcare agencies and human services organizations.

NightHawk Radiology provides off-hours tele-radiology services for radiology groups, hospitals, and clinics across the United States.

Medical Information Technology, or MEDITECH, provides integrated software solutions to meet the information needs of health care organizations worldwide.

Senior Home Care provides a full range of Medicare home health services to senior citizens, including skilled nursing, physical and occupational therapy, and personal care services, allowing them to provide and coordinate all aspects of healthcare within the home.

IntelliChem is a provider of intelligent electronic lab notebooks (iELN), which improve productivity and quality while ensuring regulatory compliance in the pharmaceutical and biotech industry.

Clinical Pathology Laboratories performs comprehensive clinical and anatomical testing for physicians, hospitals, and managed-care organizations.

Freedom Scientific provides technology products for people with blindness or vision impairment, speech impairment, hearing loss, and learning disabilities.

Hemophilia Resources of America provides coagulation products used for self-infusion and related services for the treatment and management of hemophilia.

ISH delivers business improvement solutions and information technology implementations to prominent healthcare providers throughout the United States.

The Galtney Group is an insurance and reinsurance broker and advisor that specializes in medical malpractice and professional liability insurance policies for medical professionals.

Benesight and Harrington Benefit Services, subsidiaries of Trewit, Inc., administer health and other benefit plans for self-funded and managed care companies that outsource benefit plan design, administration, and claims processing services through their subsidiaries.

Clontech Laboratories provides reagents and testing material for the molecular and cellular biological research markets.

Elumen Solutions provides a range of IT consulting and implementation services to healthcare providers.

IMPAC Medical Systems provides integrated clinical and administrative management systems for cancer specialists.

Cardiovascular Provider Resource Holdings Inc. is a provider of practice management services to physicians specializing in cardiology and cardio vascular care.

Paragon Vision Sciences is a manufacturer of the polymer materials used in the manufacture of rigid gas permeable contact lenses.

Rehab Management Services is a rehabilitation services company offering physical and occupational therapy in the Southeastern United States.

MECON Associates provides operations benchmarking data, decision support software, and other value-added information services to hospitals.

Founded by physicians, AmeriPath specialized in dermatopathalogy, the review and interpretation of human tissue biopsies. While the company had developed a strong and loyal referring physician customer base in the southeastern United States, the founders aspired to expand the business to a national scale through the consolidation of the fragmented industry. The company turned to Summit for financing and strategic guidance.

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United Dental Care is a managed care company which operates prepaid dental plans in Kansas, Missouri, Ohio, Pennsylvania, and Texas through its affiliation with more than 650 dentists.

SteriGenics International designs, operates, and manages facilities that provide contract gamma sterilization services to large medical supplies companies.

Founded as Pediatrix Medical Group, MEDNAX provides neonatology and pediatric services to hospitals on a management contract basis.

Home Health Corporation of America provides home healthcare services that include personal care, nursing, specialized therapies, durable medical equipment, and supplies.

Prompt Associates provides cost-containment services that allow insurance companies and self-insured entities to reduce spending on outpatient facility charges.

InterCommunity Cancer Centers of America is engaged in the development and operations of outpatient cancer treatment centers.

Originally a part of Union Carbide, Lincare—a provider of home medical care—became an independent company in 1990. The market for home respiratory services and equipment was fragmented, and Lincare’s management believed that there was significant potential for expansion through internal growth and acquisition. Under the leadership of founding CEO Jim Kelly, the team sought financial partners to fund not just current operations, but also future growth.

ImageAmerica, which became MedAlliance, is a developer and manager of freestanding, multi-modality, outpatient diagnostic imaging centers.

Renal Treatment Centers is an independent provider of outpatient kidney dialysis services to patients suffering from chronic kidney failure.

Pharmaco Dynamics Research is a provider of clinical research services to large pharmaceutical companies.

AdvaCare Inc is a network of companies that manage physician offices and provide ancillary medical services.

Employee Benefit Plans provides health and accident insurance services to self-funded entities.