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

Bryan Bui

Partner

Ben Burnside

Senior Associate

Franklin Garstin

Associate

David McClellan

Co-Founder

Rock Morphis

Co-Founder

Kevin Ryan

Vice President

Matt Tome

Vice President

Past deals in Tennessee

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.

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.

Lucro

Seed Round in 2016
Lucro is a digital platform that facilitates improved purchasing decisions for healthcare organizations. By leveraging insights from top health systems and a comprehensive understanding of the healthcare buying cycle, Lucro supports providers in evaluating and selecting optimal vendor partners. The platform serves as an online marketplace where healthcare organizations can research healthcare products and services, while service providers can promote their offerings and educate potential customers. This enables a collaborative environment for discussion and research, ultimately enhancing the decision-making process within the healthcare sector.

Precedent Health

Series A in 2010
Precedent Health, Inc. is a managed care services provider based in Brentwood, Tennessee. Founded in 2010, the company specializes in forming partnerships with hospitals to create and manage provider networks, including specialty provider networks. As of August 2018, Precedent Health operates as a subsidiary of SpecialtyCare, Inc.

Shareable Ink

Series A in 2010
Shareable Ink Corporation, founded in 2009 and based in Nashville, Tennessee, specializes in clinical documentation solutions for healthcare organizations, including hospitals, surgery centers, and nursing homes. The company offers a configurable and scalable iOS platform that transforms point-of-care clinical documentation into structured data and analytics. Its primary products include Shareable Documents, which automates clinical data collection using Apple’s iPad, and Shareable Integration, which merges the native iOS solution with clients' platforms to enhance clinical documentation functionalities. The technology effectively converts handwritten information from paper forms into digital data suitable for electronic health records and other information systems. Shareable Ink operates as a subsidiary of Strategic Management Consulting, LLC.

OnFocus Healthcare

Series B in 2010
OnFocus Healthcare, originally established in 1985 as a healthcare strategic planning consulting firm, transitioned in 2008 to focus on business execution software solutions. It specializes in providing enterprise performance management (EPM) software and support services tailored for the healthcare sector. Its flagship product, onFocus epm™, is designed to enhance patient care by enabling hospitals to improve their operational performance and execution capabilities. The software facilitates effective communication, management, and tracking of plans, metrics, and resources, promoting accountability within healthcare organizations. OnFocus Healthcare aims to boost the performance of its clients by at least 20%, supporting executives, managers, and employees in their efforts to deliver better, faster, and more cost-effective care.
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