MemorialCare Innovation Fund

MemorialCare Innovation Fund, established in 1993, is a private equity firm based in Long Beach, California, affiliated with the MemorialCare Health System. It focuses on strategic investments in early to mid-stage companies within the healthcare sector, particularly medical devices, healthcare information technology, and healthcare services. The fund seeks innovative products and services that can synergize with the health system's five medical centers and affiliated physicians. By facilitating collaboration and providing access to MemorialCare's extensive healthcare talent and resources, the fund supports the system's leading position and offers investee companies a powerful platform for value creation.

Brant Heise

Managing Director and Board Member

33 past transactions

Centivo

Venture Round in 2024
Centivo Corporation is a health insurance provider that specializes in offering innovative health plans for self-funded employers, employees, and clinicians. Established in 2016 and headquartered in Stamford, Connecticut, with additional offices in New York and Buffalo, Centivo serves as an alternative to traditional insurance carriers and third-party administrators. The company integrates technology, network management, claims processing, and customer support to effectively administer health benefits. Centivo emphasizes collaboration between employees and their primary care teams to coordinate healthcare needs, encouraging members to engage in high-value care through personalized matching tools and a user-friendly app. By focusing on controlling costs and improving navigation through the healthcare system, Centivo positions itself as a dedicated partner to employers, ensuring accountability and minimizing waste in healthcare spending.

Lutheran Social Services of Southern California

Grant in 2024
Lutheran Social Services of Southern California is a non-profit agency that offers healthcare, wellness, and housing counseling services.

Amenities

Series A in 2023
Amenities is a prominent provider of a digital membership platform tailored for the healthcare industry. The company focuses on enhancing patient acquisition and loyalty through its all-in-one patient app, which integrates with most modern electronic medical records systems. This innovative platform enables healthcare providers to quickly register new patients with full identity verification, streamline appointment bookings, and offer essential services such as video visits, secure messaging, and access to test results and billing. Additionally, Amenities facilitates the transition of patients into members through customized experiences and service offerings, catering to various healthcare models, including Medicare Advantage and direct primary care. By leveraging its digital assets, Amenities empowers healthcare professionals to foster patient loyalty and address revenue challenges effectively.

TytoCare

Venture Round in 2023
TytoCare Ltd. is a healthcare technology company that specializes in developing handheld devices and mobile applications for remote medical examinations. Founded in 2011 and headquartered in Netanya, Israel, with an additional office in New York, TytoCare enables users to perform self-examinations and connect with healthcare professionals for on-demand diagnoses and prescriptions. The company's product offerings include TytoHome for consumers, TytoPro for healthcare professionals, and TytoClinic for remote care settings. These solutions encompass a modular examination tool that allows users to assess various health parameters, including heart and lung function, skin, throat, ears, and body temperature. TytoCare's platform also features a telehealth system for sharing examination data, conducting live video consultations, and utilizing a cloud-based repository with analytics. With built-in guidance technology and machine learning, TytoCare aims to enhance the accuracy and accessibility of healthcare services. The company maintains a strategic partnership with Novant Health to further its mission of facilitating remote healthcare.

Laudio

Series B in 2023
Laudio LLC is a Boston-based company that offers a software-as-a-service platform focused on healthcare leadership and staff relationship management. Established in 2017, Laudio's platform employs artificial intelligence and predictive analytics to enhance employee engagement and retention while minimizing burnout. It provides healthcare executives and managers with an integrated management system that facilitates timely interactions with staff, digitizes workflows, and suggests proactive interventions based on individual risk factors for turnover. By streamlining processes and improving communication, Laudio aims to help healthcare organizations reduce turnover costs and foster a more engaged workforce.

Censinet

Venture Round in 2023
Censinet, Inc. is a cloud-based platform provider focused on managing third-party risk for healthcare organizations. Established in 2017 and headquartered in Winchester, Massachusetts, Censinet's platform facilitates real-time assessments of risks associated with vendors and third-party providers. By connecting healthcare providers with their vendors, the platform streamlines workflows, automates manual processes, and eliminates reliance on inefficient spreadsheets. Censinet delivers continuous insights into the evolving risk profiles of vendors, enabling healthcare companies to effectively address challenges in managing third-party risks while enhancing overall cybersecurity measures.

Asimily

Venture Round in 2022
Asimily, Inc. is a technology company that specializes in developing a risk remediation platform tailored for the healthcare sector. Established in 2017 and based in Sunnyvale, California, Asimily focuses on securing critical medical devices that are essential for delivering safe and reliable patient care. The company offers a comprehensive management platform that employs distributed analytics to monitor and assess the security posture of both connected and standalone medical devices across healthcare organizations. By leveraging a robust knowledge base of medical devices and protocols, Asimily identifies and prioritizes vulnerabilities, providing actionable intelligence for remediation. Their platform utilizes big data and machine learning to deliver continuous insights and alerts, enabling healthcare providers to detect anomalous behavior and enhance the security of their IT assets while ensuring the safety of patients and resources.

Xealth

Series B in 2021
Xealth Inc. is a digital health company that has developed a comprehensive platform enabling clinicians to integrate, prescribe, and monitor various digital health tools and programs directly from electronic health record (EHR) workflows. Founded in 2016 and based in Seattle, Washington, Xealth's platform allows care teams to efficiently order digital health solutions for patients, facilitating seamless communication through email or patient portals. The platform also provides functionality for monitoring patient engagement and analyzing the impact of these tools on patient outcomes. Additionally, Xealth supports non-clinical services, such as ride-sharing and food delivery, enhancing the overall patient experience and promoting greater utilization of digital health resources.

Babyscripts

Series B in 2021
Babyscripts is a developer of a virtual maternity care platform aimed at enhancing prenatal and postpartum care for pregnant mothers. The company's three-tiered approach allows healthcare providers to deliver tailored, risk-specific care anytime and anywhere. The first tier features a mobile app that offers daily educational content and resources throughout pregnancy and the postpartum period. The second tier incorporates remote monitoring through medical devices, enabling patients to track health metrics like blood pressure and alerting providers to potential risks. This system facilitates the transition of care beyond traditional clinical settings, enabling providers to focus on higher-risk patients while automating routine care. The third tier fosters collaboration between care teams and insurers, addressing challenges in care coordination and access, ultimately improving health outcomes and reducing costs. Through its innovative platform, Babyscripts aims to eliminate maternal mortality and enhance access to quality care for all mothers.

Protenus

Series D in 2021
Protenus, Inc. is a healthcare compliance analytics company based in Baltimore, Maryland, which was founded in 2014. The company specializes in an AI-driven platform designed to audit access to patient records across health systems in the United States. Protenus' technology identifies risks such as inappropriate access to patient data and the misuse of controlled substances by healthcare staff. By automating the detection of policy violations and other anomalous behaviors, the platform supports healthcare organizations in protecting patient privacy and reducing operational risks. Protenus is recognized for its innovation and commitment to fostering safe patient outcomes while enhancing the reputation of healthcare providers. The company has received accolades such as being named one of America's Best Startup Employers by Forbes and recognized as a Great Place to Work.

Foldax

Series D in 2020
Foldax, Inc., established in 2013 and headquartered in Salt Lake City, Utah, specializes in the design and manufacture of synthetic heart valves. The company's primary product is the Tria biopolymer heart valve, which can be implanted percutaneously or surgically to treat aortic, mitral, or tricuspid valve disease. Foldax aims to provide non-thrombogenic valves at a significantly lower cost compared to existing artificial or tissue valves, reducing the need for lifelong anticoagulant drugs and their associated risks. The company operates in the manufacturing sector, focusing on life polymer technology to create durable and effective heart valve replacements.

SilverCloud Health

Series B in 2020
SilverCloud Health, established in 2011, is a digital health company that develops and provides online therapeutic solutions via tailored clinical programs. Headquartered in Boston, Massachusetts, with offices in Dublin, Ireland, and London, UK, the company's SilverCloud platform offers evidence-based, supported digital therapies to various healthcare sectors. It aims to increase client/patient engagement and reduce program dropout rates, as demonstrated by a three-fold improvement in these metrics compared to leading online therapeutic products.

AristaMD

Series B in 2020
AristaMD is a digital health company based in La Jolla, California, founded in 2013. It specializes in enhancing the specialty referral process through its eConsult platform. This platform equips primary care providers with clinical workup checklists and enables electronic consultations with specialists. AristaMD's solution allows payers and providers to initiate specialist eConsults using their own specialists or those from AristaMD’s board-certified panel. The platform facilitates the transmission of patient clinical notes, history, lab results, and images, fostering collaboration on care plans within hours. This approach aims to improve patient outcomes by providing timely access to specialty care and reducing referral wait times.

Laudio

Series A in 2019
Laudio LLC is a Boston-based company that offers a software-as-a-service platform focused on healthcare leadership and staff relationship management. Established in 2017, Laudio's platform employs artificial intelligence and predictive analytics to enhance employee engagement and retention while minimizing burnout. It provides healthcare executives and managers with an integrated management system that facilitates timely interactions with staff, digitizes workflows, and suggests proactive interventions based on individual risk factors for turnover. By streamlining processes and improving communication, Laudio aims to help healthcare organizations reduce turnover costs and foster a more engaged workforce.

Twistle

Series A in 2019
Twistle, Inc. is a healthcare technology company that specializes in patient engagement through its innovative platform designed to enhance communication between healthcare providers and patients. Founded in 2011 and headquartered in Seattle, Washington, Twistle's platform automates proactive patient interactions, facilitating timely follow-ups and monitoring care pathways to reduce morbidity and readmission rates. The platform includes features such as secure messaging, photo and lab sharing, surveys, and integration with electronic health records and smart devices. By streamlining care processes and personalizing patient engagement, Twistle aims to improve health outcomes while lowering costs for healthcare providers.

AVIA

Venture Round in 2019
AVIA Inc. is a digital transformation partner for healthcare organizations, founded in 2012 and based in Chicago, Illinois. The company specializes in developing a knowledge-sharing and collaboration platform that offers market intelligence, collaborative tools, and results-based consulting services. AVIA aims to address the strategic challenges faced by healthcare providers by facilitating access to a network of health systems and strategic partners. Their platform allows healthcare leaders to research, evaluate, and select digital health solutions, while also engaging with expert consultants to guide them through the digital transformation process. This comprehensive approach enables healthcare enterprises to innovate and achieve digital success effectively.

Xealth

Series A in 2019
Xealth Inc. is a digital health company that has developed a comprehensive platform enabling clinicians to integrate, prescribe, and monitor various digital health tools and programs directly from electronic health record (EHR) workflows. Founded in 2016 and based in Seattle, Washington, Xealth's platform allows care teams to efficiently order digital health solutions for patients, facilitating seamless communication through email or patient portals. The platform also provides functionality for monitoring patient engagement and analyzing the impact of these tools on patient outcomes. Additionally, Xealth supports non-clinical services, such as ride-sharing and food delivery, enhancing the overall patient experience and promoting greater utilization of digital health resources.

Phynd Technologies

Series B in 2019
Phynd Technologies Inc. is a healthcare technology company based in Dallas, Texas, founded in 2012. It offers a Software-as-a-Service data management platform designed to simplify the management of healthcare provider data for organizations across the United States. The platform, known as Unified Provider Management (UPM), serves as a central hub for managing critical provider information, including billing addresses, communication preferences, licensing details, and exclusionary lists. Additionally, the platform includes tools for provider enrollment, management, outreach, and search, ensuring that healthcare systems can efficiently maintain and utilize provider data across electronic health records, marketing, and claims systems. Phynd Technologies has gained traction in the healthcare industry, with over 350 hospitals and more than 20,000 locations utilizing its solutions to enhance financial outcomes and clinical results while minimizing compliance risks. The company also offers verification services to further support its clients.

Silversheet

Series A in 2017
Silversheet is a healthcare administration software platform designed to improve the collaboration and connection between medical facilities and practitioners. It focuses on streamlining the complex process of physician credentialing by reducing the cumbersome paperwork and administrative burden faced by healthcare facilities. With Silversheet's innovative tools, healthcare administrators can add new physicians quickly, verify their credentials automatically, and invite them to join their facilities seamlessly. This not only simplifies the credential renewal process for physicians but also empowers them to maintain their qualifications and ensures that medical facilities remain compliant with regulations. By transforming how healthcare professionals manage their careers and how facilities handle workforce management, Silversheet enhances overall efficiency in the healthcare industry.

Syllable

Seed Round in 2017
Syllable is a technology company that develops a platform designed to enhance communication between patients and healthcare providers through text and voice interactions. The platform enables patients to access vital healthcare information regarding primary care, specialty referrals, vaccinations, and general practice, facilitating guidance outside of traditional clinical settings. Additionally, Syllable focuses on building AI agents and managing AI operations, integrating tools and services from third-party providers of large language models and AI technologies, which further supports its mission to improve patient-provider communication.

Oculus Health

Series A in 2017
Oculus Health, Inc. operates a chronic care management platform designed to enhance the connection between healthcare providers and patients. Founded in 2014 and based in Irving, Texas, the company offers a comprehensive suite of services that includes shared care plans, access to medical assistants via online and phone support, and real-time monitoring of enrolled patients. Oculus Health integrates data from various healthcare sources, such as hospitals and laboratories, to facilitate seamless information exchange among care teams. The platform also features user-friendly web and mobile applications, remote monitoring capabilities, and patient engagement solutions. By providing transparent care plans, personalized health coaching, and a reminder system, Oculus Health aims to empower individuals in managing their health proactively and improving overall patient outcomes while supporting providers in navigating the evolving healthcare landscape.

Pristine

Venture Round in 2016
Pristine Inc. is a healthcare solutions company based in Austin, Texas, founded in 2013. It specializes in visual collaboration tools for the hands-on workforce, offering a HIPAA-compliant audio/video streaming telemedicine solution called Pristine EyeSight. This innovative technology allows healthcare professionals to stream near real-time video and audio from smart glasses to authorized mobile devices, facilitating remote assistance and collaboration. The solution is utilized in various medical contexts, including wound care, emergency medicine, surgical education, and telestroke applications, enabling seamless communication between medical personnel. Pristine's platform supports multiple devices, including iPhones, iPads, PCs, and various smart glasses, allowing healthcare providers to access on-demand expertise from specialists regardless of their location. Additionally, the company offers training, remote support, and field services to enhance the capabilities of its users. As of May 2017, Pristine operates as a subsidiary of APX Labs, LLC.

MD Insider

Series B in 2015
MD Insider, Inc. is a healthcare technology company based in Santa Monica, California, that specializes in providing transparency in physician performance. Established in 2011, the company has developed a platform that utilizes machine learning and big data to deliver insights on doctors across the United States. Its offerings include a comprehensive call center solution for provider search and scheduling, a website search tool for patients, and a matching system that aligns patients with physicians based on specific criteria such as experience, insurance, and location. In addition, MD Insider provides analytics for physician performance, market share, and network management, serving a diverse clientele that includes health systems, hospitals, accountable care organizations, employers, and health plans. The company also has a strategic partnership with ConsumerMedical and operates as a subsidiary of Accolade, Inc.

PerfectServe

Series D in 2015
PerfectServe, Inc. is a healthcare technology company based in Knoxville, Tennessee, that specializes in secure communications and collaboration solutions for the healthcare industry in the United States. Founded in 1999, the company provides a comprehensive platform that includes clinical communication, provider scheduling, nurse communication, and medical answering services. Its offerings, such as PerfectServe Synchrony and PerfectServe One-2-One, facilitate effective communication between physicians, nurses, and other healthcare providers, enhancing patient care and operational efficiency. The platform is designed to ensure accuracy, reliability, and personal control over communication processes, supporting hospitals, physician practices, and healthcare clients across more than 130 markets. PerfectServe's services enable tens of thousands of daily interactions, connecting medical professionals with approximately 12 million patients, thereby underscoring the growing demand for innovative healthcare communication solutions. The company has seen significant growth, with compound annual growth rates exceeding 50 percent since 2000.

Aventura Software

Series C in 2015
Aventura intelligently orchestrates assets, people, and systems to deliver the right information at the right time based on location and credentials. It locates and re-assigns the closest online printer and uniquely manages print routing to make it easier to detect and fix printing failures. Aventura was formed in 2007 and headquartered in Denver, Colorado.

Prescient Surgical

Series A in 2014
Prescient Surgical, Inc. is a medical device manufacturer focused on preventing surgical site infections. The company has developed CleanCision, a wound retraction and protection system that combines wound protection and irrigation to continuously clear harmful bacteria from surgical incisions. This innovative approach aims to enhance patient outcomes and reduce healthcare costs, particularly for patients undergoing high-risk abdominal gastrointestinal surgery. Established in 2012, Prescient Surgical is headquartered in San Carlos, California.

Ivantis

Series B in 2014
Ivantis Inc. is a medical device company based in Irvine, California, focused on developing innovative treatments for primary open-angle glaucoma. Founded in 2007, the company has created a minimally invasive intracanalicular scaffold that helps alleviate high intraocular pressure by restoring the natural drainage pathway in Schlemm's canal. This device aims to provide a less invasive and more effective solution for the over 60 million individuals worldwide affected by this condition. In addition to its glaucoma treatments, Ivantis plans to expand its research and development efforts to address other challenging diseases within the field of ophthalmology. The company's products are utilized in clinical trials by ophthalmology specialists across the United States.

Ivantis

Series B in 2014
Ivantis Inc. is a medical device company based in Irvine, California, focused on developing innovative treatments for primary open-angle glaucoma. Founded in 2007, the company has created a minimally invasive intracanalicular scaffold that helps alleviate high intraocular pressure by restoring the natural drainage pathway in Schlemm's canal. This device aims to provide a less invasive and more effective solution for the over 60 million individuals worldwide affected by this condition. In addition to its glaucoma treatments, Ivantis plans to expand its research and development efforts to address other challenging diseases within the field of ophthalmology. The company's products are utilized in clinical trials by ophthalmology specialists across the United States.

Aventura Software

Series B in 2013
Aventura intelligently orchestrates assets, people, and systems to deliver the right information at the right time based on location and credentials. It locates and re-assigns the closest online printer and uniquely manages print routing to make it easier to detect and fix printing failures. Aventura was formed in 2007 and headquartered in Denver, Colorado.

TYRX

Venture Round in 2013
TyRx is a company specializing in the design, development, and commercialization of resorbable polymeric biomaterials for medical applications. Based in Monmouth Junction, New Jersey, TyRx was founded in 1997. The company offers two primary products: PIVIT CRM, a mesh-based pouch containing antibacterial agents to protect against microbial colonization during and after the surgical implant of generators or defibrillators; and AIGISRx Flat, an antibacterial product designed to prevent infections related to implanted pacemakers and defibrillators.

Health Care DataWorks

Venture Round in 2013
Health Care DataWorks specializes in providing business intelligence solutions tailored for healthcare organizations. The company offers its KnowledgeEdge product suite, which includes an enterprise data model, analytic dashboards, applications, and reports. These tools facilitate the development of an Enterprise Data Warehouse that enables hospitals and health systems to gain comprehensive insights into their operations. Health Care DataWorks' Enterprise Data Warehouse features a unified data model and bundled software, hardware, and support, allowing healthcare providers to implement these solutions efficiently and cost-effectively, compared to building their own systems. By utilizing Health Care DataWorks' offerings, healthcare organizations can achieve improved quality of care, streamline operational processes, reduce costs, and enhance decision-making capabilities. This ultimately leads to better business decisions, improved patient care, and increased operational efficiency.

Ivantis

Series B in 2013
Ivantis Inc. is a medical device company based in Irvine, California, focused on developing innovative treatments for primary open-angle glaucoma. Founded in 2007, the company has created a minimally invasive intracanalicular scaffold that helps alleviate high intraocular pressure by restoring the natural drainage pathway in Schlemm's canal. This device aims to provide a less invasive and more effective solution for the over 60 million individuals worldwide affected by this condition. In addition to its glaucoma treatments, Ivantis plans to expand its research and development efforts to address other challenging diseases within the field of ophthalmology. The company's products are utilized in clinical trials by ophthalmology specialists across the United States.

Carta Healthcare

Carta Healthcare, Inc. is a technology company that specializes in developing a software-as-a-service platform aimed at improving hospital patient management. Founded in 2016 and headquartered in San Mateo, California, the company leverages data from existing IT systems to map the patient journey through hospitals. Its platform utilizes machine learning to identify similarities between current patients and past patients, allowing healthcare providers to personalize care based on individual needs. Additionally, it predicts potential bottlenecks, such as recovery bed shortages and cancellations, offering alerts that help hospitals optimize their operations. By combining artificial intelligence with human expertise, Carta Healthcare enhances the efficiency and quality of healthcare data management, ultimately aiming to provide a better experience for patients.
Spot something off? Help us improve by flagging any incorrect or outdated information. Just email us at support@teaserclub.com. Your feedback is most welcome.