Heritage Group

Heritage Group, LLC is a venture capital firm based in Nashville, Tennessee, established in 1986. It specializes in investing in all stages of healthcare companies, focusing on sectors such as healthcare services, healthcare IT, and technology-enabled services. The firm typically invests up to $15 million in its portfolio companies and aims to have board participation to support their growth. Heritage Group also serves as the general partner of the Heritage Healthcare Innovation Fund, which closed in 2012 with $157 million in committed capital from prominent strategic limited partners, including leading hospitals and healthcare companies. With a strong track record of investing, operating, and advising innovative healthcare firms, Heritage Group plays a significant role in advancing the healthcare industry in the United States.

Jesse Bland

Partner

Lauren Brueggen

Partner

Bryan Bui

Partner

Ben Burnside

Associate

Florence Chassaignac

Director of Operations

Graham Hunter

Partner

Andrew Kuykendall

Associate

Evan Lengerich

Associate

David G. McClellan

Partner

Rock Morphis

Partner

Spencer Root

Associate

Matt Tome

Associate

Paul Wallace

Managing Director

Jason Young

CFO

43 past transactions

TwelveStone Health Partners

Venture Round in 2022
TwelveStone Health Partners, Inc. is a provider of pharmaceutical and medical equipment services focused on facilitating infusion and enteral care. Founded in 2015 and based in Murfreesboro, Tennessee, the company offers a comprehensive range of services, including pharmacy services such as electronic medication verification and expedited prescription delivery. It specializes in infusion and enteral therapies, providing treatments for conditions requiring total parenteral nutrition, antibiotics, pain management, and chemotherapy, among others. Additionally, TwelveStone delivers respiratory services, offering equipment like nebulizers, ventilators, and oxygen systems. The company also supplies durable medical equipment, including braces, patient lifts, and walkers. TwelveStone aims to support patients, physicians, and healthcare facilities by simplifying complex treatment processes and enhancing patient care in post-acute settings, all while maintaining a commitment to integrity and service excellence.

Simplifyber

Seed Round in 2022
Simplifyber is a manufacturer focused on transforming the apparel industry by introducing sustainable advanced manufacturing techniques. By employing a proprietary additive manufacturing process that utilizes biomaterial formulas, the company creates fully biodegradable clothing and soft goods, including shoes and accessories. This innovative approach replaces traditional sewing methods with a chemistry-based assembly, significantly reducing waste, carbon emissions, and water pollution associated with conventional garment production. Simplifyber aims to modernize the outdated factory system of fashion, promoting a more environmentally friendly and efficient method of manufacturing that aligns with sustainability goals.

CyCognito

Series C in 2021
CyCognito solves one of the most fundamental business problems in cybersecurity: seeing how attackers view your organization, where they are most likely to break in, what systems and assets are at risk and how you can eliminate the exposure. Founded by national intelligence agency veterans, CyCognito has a deep understanding of how attackers exploit blind spots and a path of least resistance. The Palo Alto-based company is funded by leading Silicon Valley venture capitalists, and its mission is to help organizations protect themselves from even the most sophisticated attackers. It does this with a category-defining, transformative platform that automates offensive cybersecurity operations to provide reconnaissance capabilities superior to those of attackers..

Daily

Series B in 2021
Pluot is the easiest way to video conference. A complete hardware + software solution for video conferencing and screen sharing. Dedicated hardware that easily connects to your TV. Free software so anyone can join your meetings.

Biond Biologics

Series C in 2021
Biond Biologics Ltd is a drug discovery and development company based in Misgav, Israel, established in 2016. The company specializes in creating immuno-oncology drugs for cancer treatment and therapies for autoimmune diseases. Biond Biologics is focused on translating high-quality scientific research into innovative therapies that address unmet medical needs. Its novel platform also allows for antibody-targeting of intracellular immune factors, positioning the company within the evolving fields of cancer immunotherapy and autoimmune disorder treatments. By combining advanced scientific expertise with innovative approaches, Biond Biologics aims to contribute significantly to the development of breakthrough therapies in these critical areas.

SimBioSys

Series A in 2021
SimBioSys, Inc. is developing a Computational Microscope that integrates state-of-the-art simulation techniques with a diverse set of experimental datasets to provide new insight into the behavior of cancers. The technology allows researchers to peer into the cancer microenvironment to identify the behavior of tumors: the cell phenotypes, how they interact with surrounding tissues, and how they prime their neighbors for invasion, all from the comfort of their computer desk.

Equum Medical

Venture Round in 2021
Equum Medical has provided board-certified critical care physicians delivering acute care telehealth to address the challenges hospitals and health systems face when trying to fill gaps in coverage. Equum Medical's flexible, customized approach helps clients improve the lives of on-site clinicians, extending patient care in specialty areas and offering program leadership. By adapting to each client's technology platform and ensuring the quality of care is delivered through proven data-driven change management methodologies, Equum Medical enables hospitals and health systems to enhance care and serve more patients, while delivering a positive clinical, operational and financial impact.

Connections

Venture Round in 2021
Provider of comprehensive behavioral healthcare services intended to offer immediate access to person-centered behavioral healthcare by improving clinical outcomes and by fighting stigma. The company through its behavioral health urgent care clinics, observation and treatment units and recovery outpatient programs offers crisis stabilization and outpatient behavioral health services, enabling patients to achieve stability in the restrictive setting.

AllyAlign Health

Venture Round in 2021
AllyAlign Health, Inc. operates a care management company that focuses on the needs of patients with chronic and complex medical conditions. It operates an active care management platform that enables real-time, cross-boundary collaborative care, as well as connects patients with chronic and complex medical conditions to care teams, providers, and home and community based care services. The company’s platform connects patients and care teams to the patient health information, care plans, and benefit information needed to make care decisions, as well as enables users to view, share, create, and update information based on roles and responsibilities. AllyAlign Health, Inc. was founded in 2013 and is based in Glen Allen, Virginia.

AvaSure Holdings

Venture Round in 2021
AvaSure, a division of AvaSure Holdings, Inc., develops, markets and deploys technology and educational tools that support the nursing profession in improving its practice environment. Its 4-year-old flagship offering, AvaSys, is an advanced patient observation and communications platform that allows a nurse to remotely monitor multiple patients in diverse locations, anticipate their needs, identify risky situations and alert floor staff in time to avert injuries. The “one-to-many” nature of the AvaSys solution permits staffing reductions while increasing patient oversight and safety. This unique system is now deployed in hospitals from coast to coast.

Upward Health

Venture Round in 2021
Upward Health Inc. is a specialty care coordination organization that focuses on delivering integrated and home-based medical and behavioral care for individuals struggling with mental illness and substance abuse disorders. The company collaborates with health plans and healthcare providers to support high-risk patients, ensuring they receive comprehensive care tailored to their needs. By coordinating with caregivers, primary care physicians, and various medical and behavioral health specialists, Upward Health aims to facilitate recovery and help patients transition back into their communities effectively. Founded in 2017 and based in Providence, Rhode Island, Upward Health was previously known as BehaveCare Inc. before rebranding in July 2019.

Aver Inc.

Series C in 2020
Aver’s solutions help healthcare payers and providers design, implement, and administer value-based programs. Together, we are simplifying value-based healthcare.

Reputation

Venture Round in 2019
Reputation.com, Inc. specializes in online reputation management solutions for businesses and individuals, operating both in the United States and internationally. The company offers a comprehensive platform that provides tools for managing negative search results, personal data removal, and executive privacy, along with services tailored for local search listings, online reviews, social media management, surveys, and analytics. Their offerings include advanced features like Reputation Score X, which merges performance metrics with prescriptive analytics, and Feedback Anywhere, an integration platform for customer feedback. Additionally, the company provides mobile applications for clients to engage with customer reviews and social media. With a focus on enhancing operational efficiency and customer service, Reputation.com serves a diverse range of sectors, including automotive, healthcare, hospitality, and retail. Founded in 2006 and headquartered in Redwood City, California, the company was previously known as ReputationDefender, Inc. before rebranding in 2011.

Reputation

Series C in 2019
Reputation.com, Inc. specializes in online reputation management solutions for businesses and individuals, operating both in the United States and internationally. The company offers a comprehensive platform that provides tools for managing negative search results, personal data removal, and executive privacy, along with services tailored for local search listings, online reviews, social media management, surveys, and analytics. Their offerings include advanced features like Reputation Score X, which merges performance metrics with prescriptive analytics, and Feedback Anywhere, an integration platform for customer feedback. Additionally, the company provides mobile applications for clients to engage with customer reviews and social media. With a focus on enhancing operational efficiency and customer service, Reputation.com serves a diverse range of sectors, including automotive, healthcare, hospitality, and retail. Founded in 2006 and headquartered in Redwood City, California, the company was previously known as ReputationDefender, Inc. before rebranding in 2011.

AllyAlign Health

Corporate Round in 2019
AllyAlign Health, Inc. operates a care management company that focuses on the needs of patients with chronic and complex medical conditions. It operates an active care management platform that enables real-time, cross-boundary collaborative care, as well as connects patients with chronic and complex medical conditions to care teams, providers, and home and community based care services. The company’s platform connects patients and care teams to the patient health information, care plans, and benefit information needed to make care decisions, as well as enables users to view, share, create, and update information based on roles and responsibilities. AllyAlign Health, Inc. was founded in 2013 and is based in Glen Allen, Virginia.

Lumere

Corporate Round in 2019
Lumere (previously Procured Health) is an organization comprised of clinicians, researchers, pharmacists, and strategic thought leaders focused on helping health systems eliminate unwarranted clinical variation and cut unnecessary costs—specifically related to device and drug selection and utilization. It was incorporated in 2012 and is based in Chicago, Illinois.

ClearDATA

Series E in 2018
ClearDATA is the trusted managed cloud provider, designed for today’s healthcare security needs. More than 350,000 healthcare professionals trust the ClearDATA HIPAA-compliant cloud to safeguard their patient data and power their critical applications. ClearDATA protects sensitive healthcare data using compliance and security safeguards, purpose-built DevOps automation, and healthcare expertise — all backed by managed cloud services. This ensures healthcare organizations, and the technology providers that support them, are adhering to the highest standards in privacy, security and compliance in the cloud.

Actifio

Series F in 2018
Actifio, Inc. specializes in copy data virtualization solutions, providing businesses with the tools to manage and protect their data effectively. Its flagship product, Actifio CDS, supports diverse applications and storage systems, catering to large-scale deployments in various data center environments. The company also offers Actifio Sky, designed for distributed enterprises, and Big Data Director, which assists in safeguarding large-scale file systems. Actifio Resiliency Director enables automated recovery and testing, while Actifio One provides a cloud-based service for managed data services, including backup and recovery options. Additionally, OnVault serves as a long-term data retention solution that facilitates data reuse for analytics and compliance purposes. With a presence in over 30 countries and strategic partnerships, Actifio enables organizations to virtualize their data, enhancing business agility and resilience while reducing costs. The company, founded in 2009, is headquartered in Waltham, Massachusetts, with operations in several other countries including India, Australia, and Germany.

Celularity

Venture Round in 2018
Celularity is a developer of therapies designed to treat autoimmune and degenerative diseases, immuno-oncology and functional regeneration. The company's therapies productize allogeneic cells and tissues derived from the postpartum placenta and have the ability to augment immunity and longevity by amplifying the body's ability to fight disease, heal and regenerate itself, enabling patients to begin treatment more quickly, resulting in a better medical outcome.

Relode

Corporate Round in 2017
Relode is one platform that works equally well for employers, employees, and ultimately the patients they care for. Relode is a community-based online platform for healthcare professionals to easily match jobs and candidates. It allows healthcare professionals to refer friends or directly apply for great jobs and be rewarded. It was founded in 2014 and is headquartered in Nashville, Tennessee.

ClearDATA

Series D in 2017
ClearDATA is the trusted managed cloud provider, designed for today’s healthcare security needs. More than 350,000 healthcare professionals trust the ClearDATA HIPAA-compliant cloud to safeguard their patient data and power their critical applications. ClearDATA protects sensitive healthcare data using compliance and security safeguards, purpose-built DevOps automation, and healthcare expertise — all backed by managed cloud services. This ensures healthcare organizations, and the technology providers that support them, are adhering to the highest standards in privacy, security and compliance in the cloud.

Reputation

Venture Round in 2017
Reputation.com, Inc. specializes in online reputation management solutions for businesses and individuals, operating both in the United States and internationally. The company offers a comprehensive platform that provides tools for managing negative search results, personal data removal, and executive privacy, along with services tailored for local search listings, online reviews, social media management, surveys, and analytics. Their offerings include advanced features like Reputation Score X, which merges performance metrics with prescriptive analytics, and Feedback Anywhere, an integration platform for customer feedback. Additionally, the company provides mobile applications for clients to engage with customer reviews and social media. With a focus on enhancing operational efficiency and customer service, Reputation.com serves a diverse range of sectors, including automotive, healthcare, hospitality, and retail. Founded in 2006 and headquartered in Redwood City, California, the company was previously known as ReputationDefender, Inc. before rebranding in 2011.

Workpath

Series A in 2016
Workpath, LLC is a Richmond, Virginia-based company that develops an in-home healthcare API designed to streamline mobile team management for healthcare providers and specialized industries. Founded in 2014, Workpath's platform allows for the efficient scheduling, dispatching, and tracking of healthcare professionals, such as phlebotomists and nurses, enabling them to provide services and deliver data from in-home visits. The solution facilitates on-demand and advance dispatch of care, ensuring that the appropriate healthcare professional is assigned to each task. Workpath aims to enhance care coordination and improve operational efficiency for healthcare companies by aggregating various services and labor through a single interface. The company, previously known as IGGBO, Inc., rebranded in March 2018 and currently operates as a subsidiary of Roman Health Ventures Inc.

Lumere

Series B in 2016
Lumere (previously Procured Health) is an organization comprised of clinicians, researchers, pharmacists, and strategic thought leaders focused on helping health systems eliminate unwarranted clinical variation and cut unnecessary costs—specifically related to device and drug selection and utilization. It was incorporated in 2012 and is based in Chicago, Illinois.

Simplee

Series C in 2016
Simplee is changing how people pay for healthcare. They offer software platform to providers for a modern billing and payment experience that engages patients in a highly personalized way. Founded in 2010, the company is based in Palo Alto, California, United States.

Lucro

Seed Round in 2016
Lucro is a digital platform helping healthcare organizations make better purchasing decisions. Created with input from innovators at the nation’s leading health systems and a deep understanding of the healthcare buying cycle, Lucro exists to support providers by giving them the tools to evaluate and choose their best vendor partners.

Aver Inc.

Series B in 2016
Aver’s solutions help healthcare payers and providers design, implement, and administer value-based programs. Together, we are simplifying value-based healthcare.

Aviacode

Series B in 2015
Aviacode specializes in technology-enabled medical coding services since 1999. Its cloud-delivered coding applications, ProCoder and ProAudito, Practicode, and ICD-Advisor enables professional medical coders and coding auditors to create consistent, reliable, and predictable coding for hospitals and physician practices. Aviacode’s proprietary cloud-based technology and workflow improves the accuracy and efficiency of the medical coding process like never before. Coding is a key process of translating clinical documentation into diagnosis and procedure codes, which is at the heart of the healthcare revenue cycle. These improvements impact hospitals and physician groups profoundly through improved efficiency, increased revenue, and strengthened cash flow.

ClearDATA

Series C in 2015
ClearDATA is the trusted managed cloud provider, designed for today’s healthcare security needs. More than 350,000 healthcare professionals trust the ClearDATA HIPAA-compliant cloud to safeguard their patient data and power their critical applications. ClearDATA protects sensitive healthcare data using compliance and security safeguards, purpose-built DevOps automation, and healthcare expertise — all backed by managed cloud services. This ensures healthcare organizations, and the technology providers that support them, are adhering to the highest standards in privacy, security and compliance in the cloud.

Valence Health

Series B in 2014
Valence Health delivers patient-centered, data-driven solutions so providers can achieve optimal reward for quality care. VALENCE HEALTH DELIVERS PATIENT-CENTERED, DATA-DRIVEN SOLUTIONS SO PROVIDERS CAN ACHIEVE OPTIMAL REWARD FOR QUALITY CARE. We share your vision: To collect patient data, share information across the organization, and deliver solutions that sustain success. As providers look to achieve optimal reward for quality care, Valence Health brings together the tools, technology, and processes to assess opportunities, measure outcomes and ensure appropriate payment for quality care across various delivery settings within organization. Our patient-focused, data-driven solutions have created competitive advantage for clients since 1996, and we are uniquely qualified to meet the current and future challenges for health care providers. Based in Chicago, Valence is a privately-held company that serves clients nationwide and is committed to strong client partnerships. Our multidisciplinary staff has experience in the clinical, management, operational, and financial challenges of health care organizations – and can efficiently integrate people and processes to improve quality and sustain success. Our core capabilities offer flexibility and scalability in meeting targeted goals or in creating integrated solutions that address complex challenges. The approach to every engagement is collaborative. We work to create patient-centered solutions that complement workflows, and empower physicians and staff to use data and information to improve outcomes.

MDLIVE

Venture Round in 2014
Founded in 2006, MDLIVE, formerly MDLiveCare, is a telehealth provider of online and on-demand healthcare delivery services and software that benefit patients, hospitals, employers, payers, physician practice groups, and accountable care organizations.

AllyAlign Health

Private Equity Round in 2014
AllyAlign Health, Inc. operates a care management company that focuses on the needs of patients with chronic and complex medical conditions. It operates an active care management platform that enables real-time, cross-boundary collaborative care, as well as connects patients with chronic and complex medical conditions to care teams, providers, and home and community based care services. The company’s platform connects patients and care teams to the patient health information, care plans, and benefit information needed to make care decisions, as well as enables users to view, share, create, and update information based on roles and responsibilities. AllyAlign Health, Inc. was founded in 2013 and is based in Glen Allen, Virginia.

Conversio Health

Venture Round in 2013
Conversio Health, LLC is a healthcare provider based in The Woodlands, Texas, specializing in the treatment and management of chronic conditions, particularly complex respiratory diseases. Founded in 2012, the company offers a comprehensive range of services, including disease management, respiratory medications, and various medical supplies. Their offerings encompass glucometers, diabetic testing supplies, nutrition education, urinary catheters, incontinence and ostomy supplies, wound care, and CPAP/BiPAP equipment. Additionally, Conversio Health provides consultations with respiratory therapists, ongoing patient education, and home health care coordination to ensure optimal management of conditions such as asthma, COPD, and heart failure. The company's integrated care management services focus on early identification and treatment of exacerbating health issues, supporting patients with customized medical therapies and home delivery options to enhance their health outcomes.

Sharecare

Venture Round in 2013
Sharecare is the digital health company that helps people manage all their health in one place. The Sharecare platform provides each person – no matter where they are in their health journey – with a comprehensive and personalized health profile, where they can dynamically and easily connect to the information, evidence-based programs and health professionals they need to live their healthiest, happiest and most productive life. With award-winning and innovative frictionless technologies, scientifically validated clinical protocols and best-in-class coaching tools, Sharecare helps providers, employers and health plans effectively scale outcomes-based health and wellness solutions across their entire populations. To learn more, visit www.sharecare.com. In 2017 alone, Sharecare has raised more than $100 million in new funding; and more than $300 million in total capital since its founding in 2010. May 26, 2017 Sharecare announced it has received an investment from global alternative investment firm, Summit Partners. Sharecare will use the debt capital to fund new capabilities and acquire talent to support the aggressive growth trajectory of both the company and its platform, where people can manage all their health in one place.

Simplee

Series B in 2013
Simplee is changing how people pay for healthcare. They offer software platform to providers for a modern billing and payment experience that engages patients in a highly personalized way. Founded in 2010, the company is based in Palo Alto, California, United States.

Vivify Health

Venture Round in 2013
Vivify Health delivers, through common and non-proprietary consumer mobile electronics, a cloud-based, device-agnostic, and ecosystem-connected Remote Care Management platform to enable its provider and payer-based customers to impact a great deal of their overarching strategic objectives. Examples include the ability to advance overall population health, optimize patient engagement, reduce unnecessary readmissions, improve patient satisfaction, facilitate expansion of physician practice services, and achieve significant cost avoidance.

Traitify

Debt Financing in 2013
Traitify is a personality data company building the personality data genome for the employment marketplace. The company uses human interaction with images to create the fastest validated talent assessments in the market. Its platform includes the fastest talent assessments in the world multiple image-based behavioral assessments that are scientifically-validated and take 90 seconds to 2 minutes to complete on a mobile device and have 95% or greater completion rates. Companies use their platform to create a great candidate and employee experiences. Imagine giving value back to the candidates in the talent pool by making personalized recommendations for what job to apply for. Or generating personalized content to share back with candidates to create ongoing engagement, all based on their unique personality traits. Companies with great employment brands create reciprocity with candidates and employees alike.

Aviacode

Venture Round in 2013
Aviacode specializes in technology-enabled medical coding services since 1999. Its cloud-delivered coding applications, ProCoder and ProAudito, Practicode, and ICD-Advisor enables professional medical coders and coding auditors to create consistent, reliable, and predictable coding for hospitals and physician practices. Aviacode’s proprietary cloud-based technology and workflow improves the accuracy and efficiency of the medical coding process like never before. Coding is a key process of translating clinical documentation into diagnosis and procedure codes, which is at the heart of the healthcare revenue cycle. These improvements impact hospitals and physician groups profoundly through improved efficiency, increased revenue, and strengthened cash flow.

Aviacode

Series A in 2013
Aviacode specializes in technology-enabled medical coding services since 1999. Its cloud-delivered coding applications, ProCoder and ProAudito, Practicode, and ICD-Advisor enables professional medical coders and coding auditors to create consistent, reliable, and predictable coding for hospitals and physician practices. Aviacode’s proprietary cloud-based technology and workflow improves the accuracy and efficiency of the medical coding process like never before. Coding is a key process of translating clinical documentation into diagnosis and procedure codes, which is at the heart of the healthcare revenue cycle. These improvements impact hospitals and physician groups profoundly through improved efficiency, increased revenue, and strengthened cash flow.

Intralign

Venture Round in 2013
Intralign is a specialty healthcare services company focused on the orthopedic sector. It offers an integrated suite of solutions designed to enhance operational efficiency and clinical support for orthopedic providers. By leveraging data-driven tools and care-centered design processes, Intralign enables healthcare providers to improve the economics and quality of major joint replacement procedures. The company aims to assist hospitals in achieving better episode control, aligning with the growing demands for accountability and transparency in the healthcare market.

Precedent Health

Series A in 2010
Precedent Health, Inc. provides managed care services. It focuses on hospital partnerships to establish provider networks; and creation of specialty provider networks. The company was founded in 2010 and is based in Brentwood, Tennessee. As of August 10, 2018, Precedent Health, Inc. operates as a subsidiary of SpecialtyCare, Inc.

Shareable Ink

Series A in 2010
Shareable Ink is an enterprise cloud computing firm that transforms point-of-care clinical documentation to structured data and analytics. Shareable Ink provides a software platform that enables health care organizations of all sizes to convert handwritten information on paper forms to data for electronic health records and other information systems. It was founded in 2009 and headquartered in Nashville, Tennessee.

OnFocus Healthcare

Series B in 2010
Originally founded in 1985 as a healthcare strategic planning consulting firm called m21partners, onFocus Healthcare was re-incorporated in 2008 as a business execution software solutions company. Today, onFocus is the leading provider of enterprise performance management (EPM) software and support services for the healthcare marketplace. Their product, onFocus epm™, ensures that patients get better, faster, and less expensive care by helping hospitals continuously execute and perform at higher levels. They are dedicated to the success of healthcare organizations and the executives, managers and employees who lead them. Through the use of their software products and advisory services, they strive to improve the execution success and performance of every provider they work with by at least 20%.