WindRose Health Investors

WindRose Health Investors is a New York-based private equity firm specializing in investments within the healthcare services sector. Founded in 2000, the firm focuses on mid-market, growth equity, and recapitalization opportunities primarily in the United States, with selective investments overseas. WindRose targets companies with profitable business models that provide cost-effective solutions, leveraging the extensive experience of its senior investment team, which has over 80 years of combined experience in the healthcare industry. The firm currently manages more than $700 million of capital and is actively seeking new investment opportunities. WindRose Health Investors aims to foster growth in the companies it partners with by utilizing its deep domain knowledge and extensive network within the healthcare sector.

Chris Applegate

Associate

Liz Brissie

Vice President

Christopher J. Burnes

Partner

Alexander Buzik

Partner

Hattie Chancy

Associate

Jack L. Dolan

Associate

Bren Hall

Principal

David G. Masterman

Vice President

Jack T. McKibben

Associate

Kristin Melocik

Vice President

Oliver T. Moses

Managing Partner

David Pontius

Partner

Michael J. Spiciarich

CFO / CCO

Jacob Stark

Vice President

Culver Sumner

Associate

28 past transactions

Lykan Bioscience

Private Equity Round in 2022
Lykan Bioscience, LLC specializes in providing outsourced clinical and commercial manufacturing services tailored for pharmaceutical and biotechnology companies. Established in 2017 and headquartered in Phoenix, Arizona, the company focuses on delivering comprehensive production and logistics solutions. Its offerings include point-of-care services, tech transfer, manufacturing, quality program management, and supply chain management. Lykan's manufacturing and logistics processes are designed to enhance quality, efficiency, and throughput, particularly in the realm of autologous and allogeneic cell and gene therapies. By streamlining operations, Lykan aims to reduce the time required to complete clinical trials, thereby supporting the development of life-saving therapies.

Revhealth

Private Equity Round in 2022
RevHealth is an independent pharmaceutical advertising agency specializing in healthcare marketing services. The company provides a range of offerings, including planning, advertising, promotion, strategy development, and patient education. By focusing on these areas, RevHealth assists businesses in identifying opportunities within the healthcare sector, enabling them to stay ahead of the competition.

Healthmap Solutions

Venture Round in 2022
Healthmap Solutions, Inc. is a specialty chronic care management company based in Tampa, Florida, that focuses on managing complex progressive diseases, particularly in kidney health populations. Incorporated in 2013, the company provides a range of value-based solutions designed to address the needs of health plans, accountable care organizations (ACOs), and provider groups. Its services include risk-based medical cost management, quality reporting, care gap closure, and risk adjustment aimed at optimizing revenue. By offering clinical expertise and comprehensive care management, Healthmap Solutions enables its clients to achieve both clinical and financial objectives effectively.

Terrapin Pharmacy

Private Equity Round in 2022
Operator of a closed-door specialized pharmacy intended to serve patients with severe and persistent mental illness (SPMI), intellectual and developmental disabilities (IDD) and substance abuse disorders. The company is engaged in improving the lives of individuals suffering from complex physical and mental disorders who require multiple medications by simplifying the medication management process for patients and healthcare providers, enabling clients with improved medication adherence and care management at competitive costs.

StateServ

Secondary Market in 2021
Founded in 2004 and headquartered in Tempe, Arizona, StateServ is a provider of durable medical equipment (DME) focused on the hospice and healthcare sectors. The company operates a national network of 1,300 DME provider locations and 21 company-owned warehouse facilities, delivering a comprehensive range of DME benefit management solutions to over 550 hospice providers across 46 states. StateServ emphasizes the use of technology and optimized processes to enhance care delivery while enabling clients to improve operational efficiency and reduce costs. Its offerings include workflow automation, real-time reporting, tracking systems, and analytics tools, all designed to support the clinical and financial performance of its customers in the post-acute care market.

Workplace Options

Private Equity Round in 2021
Workplace Options is a prominent provider of employee wellbeing services, headquartered in Raleigh, North Carolina. The company offers a range of support services aimed at enhancing the emotional, physical, and practical wellbeing of employees and their families worldwide. Its services include employee assistance programs (EAPs) designed for businesses, institutions, and governmental entities. By providing these support services, Workplace Options helps clients maintain employee focus and improve overall productivity in the workplace.

Bluestone Physician Services

Private Equity Round in 2021
Bluestone Physician Services is a medical practice company that provides geriatrics and integrated care solutions.

Veristat

Private Equity Round in 2021
Veristat, Inc. is a clinical research organization that provides comprehensive support for clinical trials in the pharmaceutical, biotechnology, and medical device sectors. Established in 1994 and headquartered in Southborough, Massachusetts, with additional offices globally, Veristat offers a range of services that include statistical consulting, clinical operations, biometrics, and medical and regulatory affairs. Its expertise encompasses advanced study designs, clinical trial simulation, project management, biostatistics, data management, and medical writing, among others. By focusing on scientific integrity and client relationships, Veristat aims to assist companies, from small startups to large multinationals, in navigating the complexities of clinical development and regulatory submissions for new therapies and medical products.

Curation Health

Series A in 2020
Curation Health, LLC offers a clinical decision support platform designed to facilitate the transition from fee-for-service to value-based care. Founded in 2018 and based in Annapolis, Maryland, the company provides a point-of-care solution that integrates with electronic health records to deliver actionable risk adjustment insights. This platform captures accurate clinical data before and after patient visits, ensuring comprehensive provider documentation. Curation Health's services enhance performance for various healthcare programs, including Medicare Advantage, MSSP, Medicaid risk programs, and quality initiatives based on standard measures. By leveraging clinical and quality rules, the platform aims to improve documentation processes and the overall value of patient care.

Caregiver

Private Equity Round in 2020
Caregiver, Inc.’s extensive industry experience and resources to support advances in care mean we’ll be a constant in your quality care needs. Their values guide our work each day to fulfill our mission to enable people with intellectual and developmental disabilities to lead their unique lives with dignity, independence, and inclusion

Medical Knowledge Group

Private Equity Round in 2020
Medical Knowledge Group LLC, based in New York, offers a range of services including medical communications, healthcare consulting, and data analysis, primarily targeting the biopharmaceutical and biotech industries. The company specializes in designing medical education initiatives across various therapeutic areas such as cardiology, oncology, and diabetes, and focuses on market conditioning for the launch of pharmaceutical brands and new indications. Additionally, it provides services aimed at maximizing formulary access and improving utilization, as well as data retrieval and analysis. Medical Knowledge Group serves a diverse clientele, from niche biotech firms to major industry players, and supports marketing, medical affairs, and stakeholder relations teams throughout the product lifecycle. Established in 2004, the company employs an analytics-driven and technology-enabled approach to enhance the commercial potential of healthcare brands.

Healthmap Solutions

Private Equity Round in 2019
Healthmap Solutions, Inc. is a specialty chronic care management company based in Tampa, Florida, that focuses on managing complex progressive diseases, particularly in kidney health populations. Incorporated in 2013, the company provides a range of value-based solutions designed to address the needs of health plans, accountable care organizations (ACOs), and provider groups. Its services include risk-based medical cost management, quality reporting, care gap closure, and risk adjustment aimed at optimizing revenue. By offering clinical expertise and comprehensive care management, Healthmap Solutions enables its clients to achieve both clinical and financial objectives effectively.

Lykan Bioscience

Private Equity Round in 2019
Lykan Bioscience, LLC specializes in providing outsourced clinical and commercial manufacturing services tailored for pharmaceutical and biotechnology companies. Established in 2017 and headquartered in Phoenix, Arizona, the company focuses on delivering comprehensive production and logistics solutions. Its offerings include point-of-care services, tech transfer, manufacturing, quality program management, and supply chain management. Lykan's manufacturing and logistics processes are designed to enhance quality, efficiency, and throughput, particularly in the realm of autologous and allogeneic cell and gene therapies. By streamlining operations, Lykan aims to reduce the time required to complete clinical trials, thereby supporting the development of life-saving therapies.

Traditions Behavioral Health

Private Equity Round in 2018
Traditions Behavioral Health offers comprehensive psychiatric services for adults and children in California, focusing on both institutional and community-based programs. Established in 1996 and headquartered in Napa, the company provides a range of services, including inpatient care, crisis stabilization, urgent care, and outpatient programs. These services are designed to support seriously and persistently mentally ill patients through various treatment options such as residential outpatient programs, day treatment, partial hospitalization, and assertive community treatment. By addressing the challenges of recruiting and retaining psychiatrists, Traditions Behavioral Health aims to ensure quality psychiatric care across its facilities.

Kolmac Clinic

Private Equity Round in 2018
Kolmac Clinic specializes in outpatient rehabilitation and treatment services for adults struggling with alcohol, drug, and other substance abuse issues. Founded in 1973 and based in Columbia, Maryland, the clinic operates in the metropolitan areas of Maryland and Washington, D.C. Kolmac offers a range of services, including outpatient detoxification, rehabilitation, and continuing care, allowing patients to receive effective treatment while maintaining their work and family commitments. The clinic aims to help individuals establish fulfilling lives free from addiction, providing support through various stages of recovery.

Basys

Private Equity Round in 2018
Basys, Inc. is a technology company that specializes in developing benefit administration software products for a variety of clients in the United States and Canada. Founded in 1977 and headquartered in Baltimore, Maryland, Basys provides integrated software solutions for billing, eligibility, claims, and pension administration. The company serves over 2,500 benefit plans, catering primarily to multiemployer funds, third-party administrators, self-insured corporations, and non-profit organizations. Although Basys has a strong focus on the Taft-Hartley industry, its offerings extend to a broader market, allowing benefit plan administrators to operate more efficiently. Additionally, Basys is committed to supporting STEM education initiatives to foster the development of future technology professionals.

Accuity Delivery Systems

Private Equity Round in 2017
Accuity Delivery Systems, LLC specializes in clinical documentation, coding, and client education services tailored for the healthcare sector. The company focuses on clinical documentation improvement, assisting healthcare providers in applying practice protocols to enhance care delivery. It also offers coding and quality assurance services to ensure appropriate reimbursement and compliance with documentation standards. Additionally, Accuity provides educational programs for hospital providers and coding staff, emphasizing the importance of accurate documentation. The company's business intelligence and technology services further support healthcare organizations by integrating IT solutions and analytics, enabling informed decision-making based on the extensive data generated daily. Founded in 2015, Accuity has its headquarters in New York, New York, with an additional office located in Las Vegas, Nevada.

Medical Knowledge Group

Private Equity Round in 2017
Medical Knowledge Group LLC, based in New York, offers a range of services including medical communications, healthcare consulting, and data analysis, primarily targeting the biopharmaceutical and biotech industries. The company specializes in designing medical education initiatives across various therapeutic areas such as cardiology, oncology, and diabetes, and focuses on market conditioning for the launch of pharmaceutical brands and new indications. Additionally, it provides services aimed at maximizing formulary access and improving utilization, as well as data retrieval and analysis. Medical Knowledge Group serves a diverse clientele, from niche biotech firms to major industry players, and supports marketing, medical affairs, and stakeholder relations teams throughout the product lifecycle. Established in 2004, the company employs an analytics-driven and technology-enabled approach to enhance the commercial potential of healthcare brands.

Trumpet Behavioral Health

Private Equity Round in 2017
Trumpet Behavioral Health provides services to children and adults with health conditions.

Avadyne Health

Private Equity Round in 2016
Avadyne Health, based in Moline, Illinois, specializes in outsourced revenue cycle management services and technology solutions for hospitals across the United States. The company provides a range of services including self-pay account resolution, bad debt collection, and denied account resolution, as well as patient financing options. Avadyne Health also offers solutions aimed at improving financial clearance workflows, financial counseling, and data quality assurance to address issues with patient information during registration. Additionally, the company features denial follow-up services, presumptive charity evaluations, and a patient portion estimator that provides accurate payment estimates. Founded in 1971 and known previously as H & R Accounts, Avadyne Health has evolved to focus on enhancing the patient financial experience through its comprehensive offerings.

HCCA International

Acquisition in 2015
HCCA International, Inc. provides management, operations, and recruitment services for hospitals and health care facilities in America. The company offers strategic planning, feasibility studies, staff recruitment and training for nurses and other healthcare professionals, service line development, marketing and volume enhancements, medical and hospital staff competencies assessment and development, quality improvement and risk management, budgeting and cost-containment, space planning, equipmentation, and clinical protocols implementation. It has strategic alliances with Healthcare Staffing International; IFAN Global Pvt., Ltd.; and Philadelphia Bangalore Consulting, Inc. The company was founded in 1973 and is headquartered in Franklin, Tennessee with additional offices in London, England; Manila, the Philippines; and Abu Dhabi, the United Arab Emirates.

TrustHCS

Private Equity Round in 2015
TrustHCS is a health information management services and revenue cycle consultancy firm that specializes in supporting healthcare providers across the United States. The company offers a range of services, including remote coding, coding compliance, audits, cancer registry management, and educational programs. By partnering with hospitals, clinics, and physician practices, TrustHCS helps ensure accurate clinical coding and strengthens revenue integrity. Their focus on affordable, on-demand solutions enables clients to enhance visibility and improve the economic outcomes of patient encounters, ultimately contributing to the efficiency and effectiveness of healthcare delivery.

Ovation Fertility

Private Equity Round in 2015
Ovation Fertility, based in Cincinnati, Ohio, specializes in reproductive medicine, offering comprehensive services in andrology, embryology, and genetics. Founded in 2001, the company provides diagnostic and treatment options for both female and male infertility, including in vitro fertilization (IVF), genetic screening, third-party reproduction, and fertility preservation. By collaborating with leading experts in reproductive health across multiple states, Ovation Fertility aims to enhance patient care and improve outcomes in fertility treatments. The organization focuses on identifying and addressing the barriers to conception, thereby striving to deliver efficient and effective fertility solutions to individuals and couples throughout the Midwest.

MDsave

Series A in 2015
MDSave Incorporated owns and operates an online healthcare marketplace that offers medical products and services in the United States. The company offers medical examiners, such as colonoscopy, CT scan, electrocardiogram, physical therapy, hernia repair, mammogram, MRI, sleep study, ultra sound, and X-ray. It also provides medicines for breast cancer, heart health, colon cancer, obesity, prostate cancer, and other disease conditions. In addition, the company provides access to installment loans for medical expenses. It serves patients, providers, employees, and payers. MDSave Incorporated has a strategic partnership with CareCredit, LLC. The company was incorporated in 2011 and is based in Brentwood, Tennessee.

myNEXUS

Venture Round in 2014
myNEXUS, Inc. is a healthcare management company that specializes in technology-driven care management services, focusing on enabling individuals to manage their health effectively at home. The company provides daily remote monitoring of patients' health, particularly targeting those with chronic conditions such as congestive heart failure, diabetes, and hypertension. Through its myLINK2Care system, myNEXUS ensures immediate responses to health issues, thereby reducing the likelihood of unnecessary healthcare visits and costly hospitalizations. The company also offers benefits management services that utilize medical data to decrease the risk of 30-day readmissions. myNEXUS serves a diverse clientele, including insurers, employers, and family members, addressing the healthcare needs of individuals across the United States. Founded in 2014, the company is headquartered in Brentwood, Tennessee.

MDsave

Seed Round in 2013
MDSave Incorporated owns and operates an online healthcare marketplace that offers medical products and services in the United States. The company offers medical examiners, such as colonoscopy, CT scan, electrocardiogram, physical therapy, hernia repair, mammogram, MRI, sleep study, ultra sound, and X-ray. It also provides medicines for breast cancer, heart health, colon cancer, obesity, prostate cancer, and other disease conditions. In addition, the company provides access to installment loans for medical expenses. It serves patients, providers, employees, and payers. MDSave Incorporated has a strategic partnership with CareCredit, LLC. The company was incorporated in 2011 and is based in Brentwood, Tennessee.

Vital Decisions

Acquisition in 2012
Vital Decisions specializes in advance care planning, focusing on individuals with serious illnesses or in medical crises. The company offers a comprehensive program that combines technology with interpersonal and family interventions to enhance decision-making during advanced illness. Their services include collaborative decision-making support and personalized discussions with trained clinical specialists, as well as education and referrals to palliative care and hospice services. By facilitating effective communication and documentation of patient preferences, Vital Decisions aims to ensure that care aligns with the wishes of patients and their families. With over 30,000 unique patient engagements each year, the company has established itself as a leading specialist in advance care planning.

HealthHelp

Private Equity Round in 2008
HealthHelp Inc. provides specialty benefits management services across various areas of healthcare in the United States, including cardiology, oncology, radiology, emergency medicine, sleep care, and pain management. Established in 1994 and based in Houston, Texas, with additional offices in Albany, New York, and Annapolis, Maryland, HealthHelp collaborates with payors and providers to ensure that patients receive appropriate care in a timely manner. The company's evidence-based programs focus on improving patient outcomes while simultaneously reducing costs within the healthcare industry. As of March 2017, HealthHelp operates as a subsidiary of WNS (Holdings) Limited.
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