Salix Ventures

Salix Ventures was a private equity firm founded in 1997 and based in Nashville, Tennessee, specializing in investments within the healthcare services and healthcare information technology sectors. The firm focused on companies that had an established operational base and required capital for growth, typically investing between $2.5 million and $7 million per company, with an emphasis on provider-based businesses and outsourced services for healthcare payors and pharmaceutical companies. Salix Ventures preferred to co-invest alongside other institutional investors and sought opportunities where a capable Chief Executive Officer was already in place to guide the company. Although stage-agnostic, the firm did not engage in seed-stage investments and instead aimed for companies with a demonstrated proof of concept. Salix Ventures ceased operations on January 25, 2019.

Chris Grant

General Partner

22 past transactions

Vericare

Series B in 2007
Vericare Management Inc. specializes in providing behavioral healthcare and wellness programs tailored for elderly patients in skilled nursing facilities and long-term care environments across the United States. Founded in 1991 and based in San Diego, California, the company offers a range of services including neuropsychological assessments, individual psychotherapy, psychotropic medication management, behavior management, rehabilitation support, family therapy, and group therapy. Vericare operates in several states, including California, Pennsylvania, Texas, New Jersey, Florida, Indiana, Delaware, Tennessee, and North Carolina, by partnering with long-term care facilities to deliver compassionate, multidisciplinary behavioral interventions. Formerly known as Senior Psychology Services Inc., Vericare is a subsidiary of Med Options, Inc.

Vantage Oncology

Series D in 2007
Vantage Oncology, Inc. specializes in providing comprehensive oncology care services, focusing on radiation oncology, medical oncology, and cancer treatment. The company addresses the increasing demand for advanced radiation therapies among cancer patients, hospitals, and physicians. Vantage offers a range of services, including radiation therapy and neurosurgical interventions for various cancer types, such as breast, lung, and prostate cancers. Additionally, Vantage promotes joint venture ownership opportunities, allowing physicians and hospitals to maintain control over their practices while benefiting from the company's extensive network and expertise in radiation oncology. This model not only enhances the capabilities of individual practices but also strengthens the overall quality of cancer care provided to patients.

Vericare

Series B in 2006
Vericare Management Inc. specializes in providing behavioral healthcare and wellness programs tailored for elderly patients in skilled nursing facilities and long-term care environments across the United States. Founded in 1991 and based in San Diego, California, the company offers a range of services including neuropsychological assessments, individual psychotherapy, psychotropic medication management, behavior management, rehabilitation support, family therapy, and group therapy. Vericare operates in several states, including California, Pennsylvania, Texas, New Jersey, Florida, Indiana, Delaware, Tennessee, and North Carolina, by partnering with long-term care facilities to deliver compassionate, multidisciplinary behavioral interventions. Formerly known as Senior Psychology Services Inc., Vericare is a subsidiary of Med Options, Inc.

Vantage Oncology

Series C in 2006
Vantage Oncology, Inc. specializes in providing comprehensive oncology care services, focusing on radiation oncology, medical oncology, and cancer treatment. The company addresses the increasing demand for advanced radiation therapies among cancer patients, hospitals, and physicians. Vantage offers a range of services, including radiation therapy and neurosurgical interventions for various cancer types, such as breast, lung, and prostate cancers. Additionally, Vantage promotes joint venture ownership opportunities, allowing physicians and hospitals to maintain control over their practices while benefiting from the company's extensive network and expertise in radiation oncology. This model not only enhances the capabilities of individual practices but also strengthens the overall quality of cancer care provided to patients.

Habit OPCO

Venture Round in 2006
Habit OPCO is a healthcare company that specializes in providing medication-assisted treatment services for individuals struggling with opiate addiction. Operating from 20 established locations and two mobile units across Massachusetts, Vermont, New Jersey, New Hampshire, and Pennsylvania, the company offers a combination of medication and counseling to support recovery. Habit OPCO is dedicated to addressing the challenges of opiate addiction by delivering comprehensive care tailored to the needs of its patients.

Aethon

Series D in 2005
Aethon Inc. develops autonomous mobile delivery robot systems that enhance logistics within hospitals by transporting medications, meals, and materials. The company's flagship product, TUG, is an automated robotic delivery system that efficiently manages both scheduled and on-demand deliveries across various hospital departments. TUG employs RFID technology for effective asset tracking and can also handle trash removal. Aethon offers additional software solutions such as MedEx, which maintains chain-of-custody control for medication deliveries, and MedSafe, which oversees order preparation and courier tracking. Other products include TraySafe for medication replenishment and TubeSafe to prevent missing doses. Aethon's Intralogistics platform automates the movement of materials within healthcare facilities, improving operational efficiency and patient satisfaction. Founded in 1997 and based in Pittsburgh, Pennsylvania, Aethon was formerly known as Probotics Inc. and rebranded in 2001.

Vantage Oncology

Series C in 2005
Vantage Oncology, Inc. specializes in providing comprehensive oncology care services, focusing on radiation oncology, medical oncology, and cancer treatment. The company addresses the increasing demand for advanced radiation therapies among cancer patients, hospitals, and physicians. Vantage offers a range of services, including radiation therapy and neurosurgical interventions for various cancer types, such as breast, lung, and prostate cancers. Additionally, Vantage promotes joint venture ownership opportunities, allowing physicians and hospitals to maintain control over their practices while benefiting from the company's extensive network and expertise in radiation oncology. This model not only enhances the capabilities of individual practices but also strengthens the overall quality of cancer care provided to patients.

Radiant Research

Venture Round in 2004
Radiant Research, Inc. is a comprehensive clinical research and development company serving the biopharmaceutical, medical device and consumer products industries for over 22 years. Radiant employs the skills of more than 500 clinical research professionals exclusively focused on providing professional, high quality study conduct and drug development services. With over 75 research sites and more than 100 Principal Investigators, incorporating both stand-alone facilities as well as physician based centers; they are the country’s largest wholly-owned network of clinical trial sites with fully integrated quality systems and a database of over 2.5 million participants. Radiant has conducted more than 14,000 clinical trials across a variety of therapeutic areas. Their centers all have DEA certification for schedule II-V drugs and have CLIA waivers or CLIA PPMP (Provider Performed Microscopy Procedures) certifications to accommodate on-site lab testing. Additionally, all centers are self-identified with the FDA in support of the new requirements related to the Generic Drug User Fee Amendment (GDUFA). Staff at all of their centers routinely complete GCP and Human Protections training, IATA certification and ongoing training in a multitude of continuing clinical research education topics. Training documentation can be provided upon request for any individual staff member.

Vantage Oncology

Series B in 2004
Vantage Oncology, Inc. specializes in providing comprehensive oncology care services, focusing on radiation oncology, medical oncology, and cancer treatment. The company addresses the increasing demand for advanced radiation therapies among cancer patients, hospitals, and physicians. Vantage offers a range of services, including radiation therapy and neurosurgical interventions for various cancer types, such as breast, lung, and prostate cancers. Additionally, Vantage promotes joint venture ownership opportunities, allowing physicians and hospitals to maintain control over their practices while benefiting from the company's extensive network and expertise in radiation oncology. This model not only enhances the capabilities of individual practices but also strengthens the overall quality of cancer care provided to patients.

Trilogy Health Services

Private Equity Round in 2004
Trilogy Health Services is a provider of comprehensive healthcare and hospitality services tailored for seniors. The company offers a range of service options, including assisted living, personal care, memory care, nursing, rehabilitation, respite care, adult day services, and independent living. Trilogy focuses on enabling elderly individuals to maintain their independence while receiving the necessary support for their health and well-being. By delivering various therapeutic and medical services, the company aims to maximize the quality of life for its residents, ensuring that they are active participants in achieving their personal goals and outcomes.

Psychiatric Solutions

Series A in 2003
Psychiatric Solutions, Inc. specializes in providing inpatient behavioral health care services across the United States, catering to children, adolescents, and adults. The company operates acute inpatient facilities and residential treatment centers that offer comprehensive care, including 24-hour nursing observation, daily psychiatric interventions, and coordinated treatment by a team of mental health professionals. Additionally, Psychiatric Solutions manages contract services and develops behavioral health care programs within medical and surgical hospitals. As of its last reporting, the company owned and leased 94 facilities with approximately 11,000 beds across 32 states, Puerto Rico, and the U.S. Virgin Islands. Founded in 1988 and based in Franklin, Tennessee, Psychiatric Solutions operates as a subsidiary of Universal Health Services Inc.

Vantage Oncology

Series A in 2002
Vantage Oncology, Inc. specializes in providing comprehensive oncology care services, focusing on radiation oncology, medical oncology, and cancer treatment. The company addresses the increasing demand for advanced radiation therapies among cancer patients, hospitals, and physicians. Vantage offers a range of services, including radiation therapy and neurosurgical interventions for various cancer types, such as breast, lung, and prostate cancers. Additionally, Vantage promotes joint venture ownership opportunities, allowing physicians and hospitals to maintain control over their practices while benefiting from the company's extensive network and expertise in radiation oncology. This model not only enhances the capabilities of individual practices but also strengthens the overall quality of cancer care provided to patients.

IntelliCare

Series B in 2002
Providing 24-hour healthcare these days is a tough balancing act. Don't perform without a safety net you can trust. At IntelliCare, they know the ropes. They're a management company for medical call centers, and they work closely with health systems, provider networks and physician groups to make their operations a success. They offer experience, flexibility, commitment -- and a wide range of 24-hour telephonic and Web-based medical call center services that let you focus on what you do best. Making people feel better.

U.S. HealthWorks

Series C in 2001
U.S. HealthWorks, Inc. operates as a provider of occupational healthcare and urgent care services. The company offers a range of medical services that include occupational medicine, therapy, specialty care, and urgent care. Specific offerings encompass therapy services such as hand therapy, chiropractic therapy, and acupuncture, as well as onsite clinical services and drug and alcohol testing. U.S. HealthWorks also conducts pre-employment and post-offer exams, physical ability testing, and return-to-work rehabilitation. Founded in 1978 and based in Valencia, California, U.S. HealthWorks has established itself as a key player in the outpatient occupational health sector. In 2019, the company was acquired by Concentra, Inc., further enhancing its capabilities and reach in the healthcare market.

Ican

Venture Round in 2000
Ican Inc., is a provider of Internet-based information and tools for health professionals.

Ican

Venture Round in 2000
Ican provides Internet-based information and tools for health professionals.

IntelliCare

Venture Round in 2000
Providing 24-hour healthcare these days is a tough balancing act. Don't perform without a safety net you can trust. At IntelliCare, they know the ropes. They're a management company for medical call centers, and they work closely with health systems, provider networks and physician groups to make their operations a success. They offer experience, flexibility, commitment -- and a wide range of 24-hour telephonic and Web-based medical call center services that let you focus on what you do best. Making people feel better.

SemperCare

Pre Seed Round in 2000
SemperCare operates 17 long-term acute care hospitals in 11 states.

W3Health

Venture Round in 2000
W3Health is a software solution firm focused on addressing the information needs of managed healthcare organizations. Its primary product, w3 drs, empowers healthcare providers by transforming raw data into actionable insights, facilitating informed medical and financial management decisions. The company specializes in network and clinical management software that assists physicians and medical directors in making timely and accurate choices. W3Health's tools streamline the processes of data aggregation, integration, and warehouse creation, enabling clients to effectively clean, organize, and utilize various data sources, including pharmacy information and enrollment files. Through these innovative solutions, W3Health enhances data management capabilities within the healthcare sector.

Payerpath

Venture Round in 2000
Payerpath is a prominent provider of revenue cycle management and clearinghouse services in the United States, processing over 300 million claims annually and a total of 600 million revenue cycle transactions. The organization is affiliated with more than 150,000 physicians, which lends it substantial credibility and experience in the healthcare sector. Payerpath boasts a first-time pass rate of 98% for claims, significantly surpassing the industry average of 90-92%. The company offers a comprehensive suite of internet solutions that address all aspects of the reimbursement cycle, assisting physician practices, clearinghouses, and payers in enhancing their reimbursement and claim management processes. By providing tools for claims management, insurance eligibility verification, and remittance management, Payerpath enables healthcare organizations to achieve cleaner claims and faster payments, ultimately facilitating success in the business of healthcare.

Foodbuy

Series A in 2000
Foodbuy is the largest foodservice procurement organization in North America and serves as the exclusive sourcing partner for Compass Group North America. This partnership allows Foodbuy to leverage the significant purchasing power of Compass Group, enhancing its ability to negotiate favorable contracts with major food manufacturers. The company has developed an online procurement marketplace that caters to various sectors, including hospitality, healthcare, recreation, leisure, and food and beverage. This platform enables recognized organizations to efficiently access food, beverages, and related services, ensuring timely delivery from their preferred sources.

Pointshare

Series C in 1999
Pointshare is a national leader in connecting local healthcare communities with secure, online business services that enhance communication, create efficiencies, and improve the delivery of care. Pointshare is the only company that has developed the technology, infrastructure, and hands-on service to create a proven, practical solution for automating the day-to-day business transactions of healthcare.
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