Salix Ventures

Salix Ventures, established in 1997, was a venture capital firm headquartered in Nashville, Tennessee, with additional offices in San Francisco and Andover. It specialized in investing in healthcare services and healthcare information technology companies, with a focus on provider-based businesses, payors, and pharmaceutical services. The firm was stage-agnostic, investing in early to late-stage companies, typically committing $2.5 to $7 million per company, with half invested initially and similar amounts reserved for follow-on rounds. Salix Ventures preferred to co-invest and sought active involvement in its portfolio companies. It invested in companies based in the United States, with a focus on Tennessee and the Southeast. The firm ceased operations on January 25, 2019.

Chris Grant

General Partner

Past deals in Tennessee

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 settings across the United States. Founded in 1991 and based in San Diego, California, the company offers a comprehensive range of services, including neuropsychological assessments, individual psychotherapy, psychotropic medication management, behavior management, rehabilitation support, family therapy, and group therapy. Vericare partners with various long-term care facilities to deliver compassionate care and multidisciplinary interventions aimed at improving the mental health and overall well-being of its patients. Previously known as Senior Psychology Services, Vericare operates in several states, including California, Pennsylvania, Texas, New Jersey, Florida, Indiana, Delaware, Tennessee, and North Carolina. In 2016, Vericare became a subsidiary of Med Options, Inc.

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 settings across the United States. Founded in 1991 and based in San Diego, California, the company offers a comprehensive range of services, including neuropsychological assessments, individual psychotherapy, psychotropic medication management, behavior management, rehabilitation support, family therapy, and group therapy. Vericare partners with various long-term care facilities to deliver compassionate care and multidisciplinary interventions aimed at improving the mental health and overall well-being of its patients. Previously known as Senior Psychology Services, Vericare operates in several states, including California, Pennsylvania, Texas, New Jersey, Florida, Indiana, Delaware, Tennessee, and North Carolina. In 2016, Vericare became a subsidiary of Med Options, Inc.

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.
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