Memorial Hermann Foundation

The Memorial Hermann Foundation is an independent non-profit organization based in Houston, Texas, established in 1969. Its primary objective is to provide financial support to the Memorial Hermann Health System, which includes a comprehensive network of 12 hospitals, affiliated physicians, and various specialty programs and services. The foundation plays a crucial role in enhancing the services offered by the Memorial Hermann Hospital System, which encompasses hospitals, inpatient rehabilitation facilities, diagnostic labs, and outpatient care centers. By supporting the health system, the foundation aims to improve healthcare access and quality for the greater Houston community, ensuring that a wide array of medical services is available to those in need. The foundation's assets are managed by a dedicated board of directors committed to advancing the mission of Memorial Hermann.

Rick Lyman

SVP and Enterprise Revenue Cycle Management

Bryan Sisk

Senior Vice President and Chief Nursing Executive

17 past transactions

Midi Health

Series B in 2024
Midi Health is a virtual care clinic dedicated to addressing the health needs of women, particularly during menopause and related conditions. The clinic specializes in treating issues such as depression, gynecological cancer, and menstrual problems through a clinical platform that delivers personalized care protocols. These protocols are administered by clinicians who are trained in female midlife health. Midi Health enhances its services by utilizing specialized at-home labs, providing prescription medications, supplements, and lifestyle coaching. This comprehensive approach aims to empower women to manage the challenges they face during critical stages of their lives and careers.

Hippocratic AI

Series A in 2024
Hippocratic AI focuses on developing safety-oriented large language models specifically designed for non-diagnostic, patient-facing applications in healthcare. Unlike conventional models that are often trained on diverse internet data, which may include unreliable information, Hippocratic AI emphasizes the acquisition of evidence-based healthcare content through lawful channels. The company aims to enhance healthcare accessibility and outcomes by creating a platform that facilitates safe artificial health general intelligence. This innovation seeks to empower patients to manage their health more effectively from home, thereby improving overall health outcomes with minimal inconvenience.

Foodsmart

Series C in 2024
Foodsmart is a digital nutrition platform dedicated to enhancing health outcomes through personalized dietary recommendations. The company addresses the challenges faced by individuals dealing with chronic diseases and food insecurity by collaborating with health plans and providers. Its telehealth application offers real-time support across various environments such as homes, workplaces, grocery stores, and restaurants. This enables users to make informed food choices, select healthier recipes, and choose menu options that contribute to better health and the management of chronic conditions.

Lone Peak

Private Equity Round in 2024
Lone Peak is a dental services organization that focuses on the underserved pediatric market segment. The company specializes on providing high-quality dental practice management services. The company's support team guarantees the growth of each of oral surgeries and dental practices through a proactive, honest, and responsive approach. Lone Peak was founded on 2003 and is headquartered in Denver, Colorado.

Capital Rx

Series D in 2023
Capital Rx, Inc. is a pharmacy benefit manager that specializes in managing self-insured prescription benefit plans for employers, unions, and government entities. Founded in 2017 and headquartered in New York, the company aims to transform the pricing and administration of prescriptions in the U.S. through its innovative Clearinghouse Model, which enhances transparency in the pharmacy supply chain and reduces costs for employer groups. By integrating various components of the pharmacy ecosystem into a single platform, Capital Rx improves administrative workflows, clinical oversight, and patient-provider coordination. This approach not only increases drug price visibility but also focuses on enhancing patient outcomes and healthcare efficiency, ultimately fostering better engagement between healthcare providers and patients.

AdaptX

Series B in 2023
AdaptX is a healthcare data analytics and AI company that specializes in enhancing clinical and workflow outcomes for hospitals and surgery centers. Founded in Seattle in 2016 as a spin-off from Seattle Children's Hospital, AdaptX provides a platform that enables medical leaders and clinicians to access and analyze clinical data effectively. The platform integrates algorithms with existing electronic data systems, allowing healthcare providers to monitor performance, compare treatment approaches, and define patient cohorts. Through automated analytics, AdaptX helps healthcare service providers improve the quality and safety of care while also reducing costs.

Memora Health

Venture Round in 2023
Memora Health Inc., founded in 2016 and based in San Francisco, California, develops an enterprise healthcare productivity platform aimed at automating outpatient communication and enhancing care delivery. The company partners with health systems, health plans, and digital health organizations to streamline clinical workflows, allowing clinicians to focus on their primary responsibilities while proactively engaging patients throughout their care journeys. Memora's platform digitizes high-touch processes, intelligently triaging patient-reported data to the relevant care team members and facilitating proactive, two-way communication between patients and providers. By transforming the way care is delivered, Memora Health seeks to make healthcare more actionable, accessible, and continuous.

Carta Healthcare

Series B in 2023
Carta Healthcare, Inc. is a technology company that provides a software-as-a-service platform designed to improve patient care in hospitals. Founded in 2016 and headquartered in San Mateo, California, the platform leverages existing IT data to describe patient journeys and predict potential bottlenecks, such as recovery bed shortages and cancellations. By employing machine learning, Carta Healthcare enables hospitals to personalize care, allowing them to identify past patients with similar profiles and analyze their experiences. This approach enhances the efficiency and quality of healthcare data management by combining artificial intelligence with skilled human expertise, facilitating more effective and cost-efficient data abstraction for health systems.

Wellvana

Venture Round in 2023
Wellvana is a healthcare company based in Nashville, Tennessee, that focuses on developing a clinically integrated network platform to enhance coordination across the continuum of care. Founded in 2018, Wellvana aims to improve patient outcomes while providing independent physicians and health systems with a framework to operate under value-based care models. The company helps healthcare providers manage patient flow and make real-time decisions, thereby reducing administrative burdens and allowing them to spend more time with patients. By offering direct primary care programs to employers and families, Wellvana facilitates a high-touch approach to care that links healthy patient outcomes to improved profitability for providers. The company has experienced significant growth since 2021, managing lives across multiple payors and expanding its presence in 23 states, with a commitment to assuming downside risk for over 1,000 partner physicians.

Monogram Health

Series C in 2023
Monogram Health, Inc. is a provider of kidney care services based in Nashville, Tennessee, specializing in the management of chronic kidney disease and end-stage renal disease. Established in 2019, the company employs an innovative in-home care delivery model that integrates evidence-based clinical services, including complex case and disease management, utilization management, and medication therapy management. Monogram Health focuses on improving patient outcomes and quality of life while reducing medical costs through predictive analysis and next-generation artificial intelligence algorithms. It collaborates with leading health plans and risk-bearing providers to deliver care across various insurance products in 34 states, aiming to enhance the management of patients with polychronic conditions and ensure seamless transitions to dialysis and pre-emptive kidney transplants.

Cedar

Series D in 2022
Cedar is a patient payment and engagement platform designed for hospitals, health systems, and medical groups to enhance the overall patient experience. Founded in 2016 and headquartered in New York, the platform utilizes advanced data science to streamline and personalize the billing process. By consolidating billing information from various caregivers, Cedar provides clear invoices that detail patient obligations while offering user-friendly click-to-pay options. This modern approach not only simplifies the payment experience but also supports healthcare providers in improving their billing operations and fostering better patient engagement.

Hazel Health

Series C in 2022
Hazel Health, Inc. is a healthcare company focused on enhancing access to healthcare services for K-12 students. Founded in 2015 and based in San Francisco, the company provides a telehealth platform that allows students to consult with healthcare professionals through live video, whether they are at school or at home. By partnering with schools and school nurses, Hazel Health aims to improve the health and well-being of students, ensuring they remain healthy and prepared to learn. The platform addresses a variety of physical and behavioral health conditions, enabling doctors to prescribe over-the-counter medications at school with parental consent or call in prescriptions as needed. Hazel Health was previously known as HippoMD, Inc. before rebranding in September 2017.

EnableComp

Funding Round in 2022
EnableComp LLC specializes in workers' compensation revenue management services for hospitals and health systems across the United States. Founded in 2000 and headquartered in Franklin, Tennessee, the company offers a suite of solutions aimed at maximizing claims reimbursement from workers' compensation payers. Key products include CompDirect, which outsources claim processes; CompRecover, which reviews zero balance claims for accurate payment; CompResolve, focused on challenging accounts; CompAdvocate, a negotiation tool for assessing settlement offers; and ContractVue, which benchmarks agreements. Additionally, EnableComp's Enforcer software integrates with healthcare providers to enhance reimbursement efficiency, ensuring that clients receive full payment for services rendered to injured workers. The company operates as a subsidiary of Complete Holdings Group, Inc.

Clarify Health Solutions

Series D in 2022
Clarify Health Solutions, Inc. operates a data-driven platform designed to enhance patient care by facilitating real-time engagement among patients, clinicians, and care teams. The platform, known as Clarify Episode, utilizes real-time data to optimize care workflows, stratify patients based on various characteristics, and identify potential complications early on. Key components of the platform include Care Pilot, which empowers patients in their healthcare journey; Care Connect, which allows clinicians to monitor and intervene as needed; and Care Prism, which provides management with essential business analytics. By leveraging machine learning and data analytics, Clarify Health offers solutions that improve transparency, personalization, and engagement for patients while streamlining tasks for healthcare professionals. The company, founded in 2015 and based in San Francisco, has formed a strategic alliance with Leidos to further enhance its offerings.

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.

Truveta

Series A in 2021
Truveta is a healthcare data platform that collaborates with physicians, life science researchers, and healthcare organizations to aggregate and analyze medical records information. By compiling data from multiple healthcare systems, Truveta de-identifies and organizes this information to provide valuable medical insights. The platform initially focused on COVID-19, aiming to expedite research efforts, enhance clinician expertise, and support families in making informed healthcare decisions. Through its innovative approach, Truveta connects treatments with outcomes and various health factors, contributing to advancements in medical research and patient care.

Gauss Surgical

Series C in 2018
Gauss Surgical, Inc. specializes in real-time blood monitoring solutions that enhance clinical decision-making in the healthcare sector. The company has developed a vision-based platform that provides accurate estimations of blood loss, facilitating timely transfusion decisions and improving patient outcomes. Its flagship product, Triton, is utilized in obstetrics to aid in the early detection of postpartum hemorrhage and offers objective metrics for assessing blood loss. Additionally, Gauss Surgical offers Triton OR, designed for operating rooms to measure blood loss from surgical sponges and suction canisters, and Triton L&D, which focuses on vaginal delivery and postpartum care. Founded in 2011, Gauss Surgical operates from its headquarters in Menlo Park, California.
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