Transformation Capital Launches $500 Million Digital Health Fund to Support Entrepreneurs Transforming Healthcare
January 07, 2021 at 04:01 pm
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Transformation Capital Partners, L.P announced the launch of its oversubscribed growth equity fund, Transformation Capital Fund II, L.P. ("TCF II"), which has $500 million in limited partner capital commitments and is focused on investing in commercial-stage digital health companies that serve stakeholders across the healthcare system. TCF II will invest growth equity to support entrepreneurs building game-changing digital health and technology-enabled service businesses that are improving the healthcare system. Transformation Capital sees enormous opportunity to attack waste and drive efficiencies, leverage patient-specific information to deliver data-driven, tailored care with better outcomes, and give the consumer what they need to select and pay for healthcare more proactively. Transformation Capital manages over $800 million across the investment funds it advises and was founded on the premise that healthcare requires a highly-focused investment approach combining deep industry expertise and vast connections. The investment team, led by Todd Cozzens, Dr. Jared Kesselheim and Mike Dixon, has more than 50 years of combined experience in founding and operating digital health companies like Picis, practicing as frontline clinicians at Massachusetts General Hospital, and investing with Sequoia Capital and Bain Capital Ventures. Julie Murchinson, former CEO of Health Evolution, joined the firm recently as a Partner to help extend the firm's healthcare network and provide additional operational and go-to-market services for portfolio companies.
Health Catalyst, Inc. is a provider of data and analytics technology and services to healthcare organizations. The Companyâs solution comprises its cloud-based data and analytics platform, software applications, and professional services expertise. The Company operates through two segments: Technology and Professional Services. The Technology segment includes its data platform, analytics applications and support services and is focused primarily on contracts that are cloud-based subscription arrangements, time-based license arrangements, and maintenance and support fees. The Professional Services segment is generally the combination of analytics, implementation, strategic advisory, outsourcing, and improvement services to deliver capabilities to its customers to fully configure and utilize the benefits of its technology offerings. Its clients include academic medical centers, integrated delivery networks, community hospitals, physician practices, health insurers, and others.