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 operates as a leading digital front door and patient loyalty platform within the healthcare sector. It provides healthcare providers with a comprehensive patient application that integrates with most modern electronic medical records (EMRs). The platform allows for rapid user registration with identity verification, helping new patients to efficiently find care options and book appointments. It enhances patient engagement through features such as video visits, secure messaging, test results, and billing. Additionally, Amenities enables healthcare providers to develop customized experiences and membership offerings, which can include options for Medicare Advantage and direct primary care, ultimately fostering patient loyalty and addressing revenue challenges for health systems.

TytoCare

Venture Round in 2023
TytoCare Ltd. is a healthcare technology company based in Netanya, Israel, with an additional office in New York, New York. Founded in 2011, TytoCare develops handheld devices and applications that facilitate on-demand medical examinations and diagnoses through virtual consultations with healthcare providers. Its product offerings include TytoHome for consumers, TytoPro for healthcare professionals, and TytoClinic for remote care locations. These solutions enable users to perform self-examinations of various body systems, including the heart, lungs, skin, and throat, while providing remote access to physicians for evaluation and treatment of common conditions such as ear infections, flu, and respiratory issues. The platform incorporates a cloud-based data repository, analytics, and machine learning algorithms, enhancing the accuracy and user experience of remote healthcare services. TytoCare has established a strategic partnership with Novant Health to further expand its reach in the telehealth market.

Laudio

Series B in 2023
Laudio LLC is a Boston-based company that operates a SaaS platform focused on healthcare leadership and staff relationship management. Founded in 2017, the platform leverages 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 bridges the gap between information and actionable insights. By digitizing workflows, Laudio enables managers to interact with staff members more frequently and effectively, offering proactive interventions to address risk factors in real time. This approach not only improves team dynamics but also helps organizations reduce turnover costs and enhance overall operational efficiency.

Censinet

Venture Round in 2023
Censinet, Inc. is a healthcare-focused SaaS company that offers a cloud-based platform for managing third-party risk assessments. Founded in 2017 and based in Winchester, Massachusetts, Censinet connects healthcare providers with their vendors, streamlining the process of assessing and managing risks in real time. The platform eliminates the need for inefficient spreadsheets and manual workflows by automating risk assessments and providing continuous insights into vendor profiles. This approach enables healthcare organizations to identify and address potential threats within their vendor ecosystem effectively, enhancing overall cybersecurity and operational efficiency.

Asimily

Venture Round in 2022
Asimily, Inc. is a technology company that specializes in securing healthcare devices through its innovative risk remediation platform. Founded in 2017 and based in Sunnyvale, California, Asimily offers a healthcare-specific management platform that utilizes distributed analytics to monitor and manage both connected and standalone medical devices. The platform provides a comprehensive inventory and classification of devices, identifying and prioritizing vulnerabilities while delivering actionable insights for effective remediation. By leveraging big data and machine learning, Asimily ensures that healthcare organizations can continuously assess risks and detect anomalies in device behavior. This proactive approach helps to safeguard resources, enhance patient safety, and protect IT assets within healthcare settings.

Xealth

Series B in 2021
Xealth Inc. operates a digital health prescribing platform that allows clinicians to integrate, prescribe, and monitor digital health tools directly from electronic health record (EHR) workflows. Founded in 2016 and based in Seattle, Washington, the platform facilitates patient engagement by enabling care teams to order appropriate digital health tools and programs, which can be sent to patients via email or patient portals. In addition to managing digital health prescriptions, the platform supports patient education and offers non-clinical services such as ride shares and food delivery. This comprehensive approach allows clinicians to monitor patient activity and engagement, ultimately enhancing the overall effectiveness of digital health initiatives within healthcare systems.

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 company based in Baltimore, Maryland, that specializes in developing a compliance analytics platform for healthcare organizations in the United States. Founded in 2014, Protenus utilizes artificial intelligence to audit access to patient records, helping to identify risks such as inappropriate access and the misuse of controlled substances by hospital staff. The platform enables healthcare providers to proactively detect policy violations and anomalous behaviors, ultimately supporting safer patient outcomes while safeguarding the integrity of health data. Through its innovative solutions, Protenus aims to reduce risk and protect the reputation of healthcare organizations, affirming its commitment to both patient safety and organizational accountability.

Foldax

Series D in 2020
Foldax, Inc. is a company based in Salt Lake City, Utah, that specializes in the design and manufacture of synthetic heart valves for patients with aortic, mitral, or tricuspid valve disease. Founded in 2013, Foldax focuses on developing innovative heart valves made from a unique biopolymer technology that aims to provide non-thrombogenic solutions at significantly lower costs compared to traditional artificial or tissue valves. Their valves can be delivered through both transcatheter and surgical methods, offering a potential treatment option that may reduce or eliminate the need for long-term anticoagulant medications, thereby minimizing associated risks and side effects.

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 operates a SaaS platform focused on healthcare leadership and staff relationship management. Founded in 2017, the platform leverages 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 bridges the gap between information and actionable insights. By digitizing workflows, Laudio enables managers to interact with staff members more frequently and effectively, offering proactive interventions to address risk factors in real time. This approach not only improves team dynamics but also helps organizations reduce turnover costs and enhance overall operational efficiency.

Twistle

Series A in 2019
Twistle, Inc. operates a patient engagement platform designed to enhance communication between healthcare providers and patients, facilitating faster recovery. Founded in 2011 and headquartered in Seattle, Washington, the platform automates care plan management by monitoring patient care pathways and engaging healthcare teams only when necessary. It offers tools for secure automated messaging, photo and lab sharing, surveys, and integration with electronic health records (EHRs) and smart devices. By enabling medical practitioners to efficiently collect patient data and respond to concerns, Twistle aims to improve patient outcomes, reduce healthcare costs, and streamline clinical workflows. The company was initially incorporated in 2010 and has since focused on delivering a comprehensive solution for personalized patient engagement.

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. operates a digital health prescribing platform that allows clinicians to integrate, prescribe, and monitor digital health tools directly from electronic health record (EHR) workflows. Founded in 2016 and based in Seattle, Washington, the platform facilitates patient engagement by enabling care teams to order appropriate digital health tools and programs, which can be sent to patients via email or patient portals. In addition to managing digital health prescriptions, the platform supports patient education and offers non-clinical services such as ride shares and food delivery. This comprehensive approach allows clinicians to monitor patient activity and engagement, ultimately enhancing the overall effectiveness of digital health initiatives within healthcare systems.

Phynd Technologies

Series B in 2019
Phynd Technologies Inc. operates a Software-as-a-Service data management platform designed to streamline healthcare provider data management for healthcare organizations in the United States. The company's Unified Provider Management (UPM) platform centralizes critical provider data, enabling organizations to effectively gather, manage, and share information across various IT systems. This enhances financial performance and clinical outcomes while minimizing compliance risks. Key features of the platform include tools for managing billing addresses, communication preferences, licensing, and provider enrollment in real-time. Phynd's services are utilized by over 350 hospitals and more than 20,000 locations across the country, allowing these entities to maintain a comprehensive hub of provider data for applications in electronic health records, marketing, and claims systems. Founded in 2012 and headquartered in Dallas, Texas, Phynd Technologies has established partnerships to further enhance its service offerings.

Silversheet

Series A in 2017
Silversheet is a healthcare administration software platform designed to streamline the process of physician credentialing for both healthcare facilities and medical professionals. By addressing the cumbersome and often tedious tasks associated with credential management, Silversheet enables healthcare administrators to quickly add new physicians, automatically verify their credentials, and invite them to join their facilities. This system alleviates the burden of paperwork and helps physicians navigate the complex credential renewal process, ensuring that they remain compliant and up-to-date across multiple facilities. Ultimately, Silversheet enhances collaboration and efficiency within the healthcare sector, simplifying the connection between facilities and practitioners.

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 that connects healthcare providers with patients and caregivers. Founded in 2014 and based in Irving, Texas, the company offers a range of services including access to personalized care plans, online and phone support from medical assistants, and real-time health data monitoring. Its platform integrates information from various healthcare sources, such as hospitals and laboratories, to facilitate seamless communication among care teams. Oculus Health also provides tools for remote monitoring, health record management, and patient engagement, aimed at improving patient outcomes and care adherence. By empowering individuals to manage their health proactively, the company seeks to enhance the overall experience of both patients and healthcare providers in a rapidly evolving healthcare landscape.

Pristine

Venture Round in 2016
Pristine Inc. specializes in healthcare solutions, focusing on telemedicine and visual collaboration tools for the medical workforce. The company's flagship product, Pristine EyeSight, is a HIPAA-compliant audio/video streaming solution that allows healthcare professionals to share live video and audio feeds from smart glasses, such as Google Glass, to authorized devices like iOS smartphones and tablets. This technology enables wound care nurses to connect with physicians, emergency responders to relay critical information to hospital staff, and surgeons to share surgical procedures with remote trainees. Pristine's solutions are utilized across various medical settings, including rural hospitals, ICUs, and emergency services, enhancing remote assistance and medical education. Additionally, the company provides training, remote support, and field services to optimize the use of its technology. Founded in 2013 and based in Austin, Texas, 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, focused on enhancing physician performance transparency in the United States. Established in 2011, the company has developed a platform that utilizes machine learning and big data to analyze and present insights on physicians' performance. This platform includes integrated solutions for provider search, scheduling, and matching, allowing patients to find doctors based on availability, insurance, experience, and quality. Additionally, MD Insider offers services tailored for health systems, hospitals, accountable care organizations, employers, and health plans, such as physician loyalty programs, recruitment, and analytics. The company has formed a strategic partnership with ConsumerMedical and operates as a subsidiary of Accolade, Inc. since July 2019.

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. develops medical devices aimed at preventing surgical site infections, specifically for patients undergoing high-risk abdominal gastrointestinal surgeries. The company's flagship product, CleanCision, features a wound retraction and protection system that integrates wound protection with continuous irrigation. This system effectively clears harmful bacteria that may invade surgical incisions, thereby enhancing patient outcomes and reducing healthcare costs. Incorporated in 2012, Prescient Surgical is based 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 specializes in a minimally invasive intracanalicular scaffold that alleviates high intraocular pressure by restoring the natural outflow 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 primary focus on glaucoma, Ivantis intends to explore innovative treatments for other ophthalmic diseases as it expands its product offerings. The company also provides a Session Persistence Server to support clinical trials, ensuring data protection for telnet task workers and terminal emulation users across various devices and operating systems.

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 specializes in a minimally invasive intracanalicular scaffold that alleviates high intraocular pressure by restoring the natural outflow 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 primary focus on glaucoma, Ivantis intends to explore innovative treatments for other ophthalmic diseases as it expands its product offerings. The company also provides a Session Persistence Server to support clinical trials, ensuring data protection for telnet task workers and terminal emulation users across various devices and operating systems.

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 specializes in the design, development, and commercialization of resorbable polymeric biomaterials, focusing on drug-device combination products. The company offers PIVIT CRM, a mesh-based pouch designed to protect against microbial colonization of surgical implants such as generators and defibrillators during and immediately after surgery. Additionally, TyRx provides AIGISRx Flat, an antibacterial solution aimed at preventing infections linked to implanted pacemakers and defibrillators. Founded in 1997 and headquartered in Monmouth Junction, New Jersey, TyRx is committed to advancing medical technology through innovative products that enhance patient safety.

Health Care DataWorks

Venture Round in 2013
Health Care DataWorks specializes in business intelligence solutions tailored for healthcare organizations, focusing on enhancing care quality and reducing costs. The company offers the KnowledgeEdge™ product suite, which features an enterprise data model, analytic dashboards, applications, and reports. This suite provides an Enterprise Data Warehouse that equips hospitals and health systems with a unified data model and comprehensive software, hardware, and support, all at a lower cost and implementation time than developing their own systems. By utilizing Health Care DataWorks' solutions, healthcare providers gain a holistic view of financial, administrative, clinical, and research data, facilitating effective analysis and informed decision-making. Ultimately, the implementation of KnowledgeEdge allows hospitals and health systems to make better business decisions, improve patient care, and enhance 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 specializes in a minimally invasive intracanalicular scaffold that alleviates high intraocular pressure by restoring the natural outflow 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 primary focus on glaucoma, Ivantis intends to explore innovative treatments for other ophthalmic diseases as it expands its product offerings. The company also provides a Session Persistence Server to support clinical trials, ensuring data protection for telnet task workers and terminal emulation users across various devices and operating systems.

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.
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