Transformation Capital

Transformation Capital is an independent management company that evolved from Leerink Transformation Partners LLC, which was established in 2016 by Todd Cozzens and Jared Kesselheim, MD. It received initial support from SVB Leerink Capital LLC, part of SVB Financial Group. In 2019, SVB acquired the Leerink businesses, leading to the formation of Transformation Capital, which now manages the investment portfolios of both Fund I and Fund II. Located in Boston, Massachusetts, Transformation Capital focuses on private equity growth investments primarily in healthcare technology systems and healthcare services across the United States, Canada, and the Americas. The firm is led by Kevin Brown, who previously served as CFO of Leerink Capital, and maintains a collaborative relationship with Leerink and SVB for operational support and strategic advantages.

Kevin Brown

CFO / COO

Jenna Ciotti

Vice President

Todd Cozzens

Co-Founder and Managing Partner

Jared Kesselheim

Co-Founder & Managing Partner

Akanksha Mehta

Senior Associate

Chris Pullerits

Associate

Scott Rosen

Partner

Akhi Samant

Associate

Vinay Shah

Partner

Laurel Smith

Executive Director of Operations

Jessie Wu

Associate

39 past transactions

Amino

Venture Round in 2023
Amino Inc. operates an online platform designed to assist users in finding doctors, comparing their qualifications, and booking appointments in the United States. The platform allows patients to search for healthcare providers based on specific conditions, procedures, and specialties, thereby facilitating better access to medical care. Founded in 2013 and based in San Francisco, California, Amino aims to enhance healthcare financial wellness for companies and their employees by simplifying the navigation of the complexities inherent in the U.S. healthcare system. The company, which was previously known as Pare Labs, Inc., changed its name to Amino in May 2014, reflecting its commitment to improving the healthcare experience for users.

Capital Rx

Series C in 2022
Capital Rx, Inc. is a pharmacy benefit manager that specializes in overseeing self-insured prescription benefit plans for employers, unions, and government entities. Founded in 2017 and based in New York, the company employs a unique Clearinghouse Model to redefine prescription pricing and administration in the United States. This approach enhances the pharmacy supply chain by establishing a competitive marketplace for drug pricing, ultimately reducing costs for employer groups. Capital Rx's platform integrates various facets of the pharmacy ecosystem, improving administrative workflows, clinical oversight, and claim processing. By focusing on actionable strategies, the company aims to enhance plan performance and patient outcomes, facilitating better engagement between healthcare providers and patients while advancing overall healthcare efficiency.

H1

Series C in 2022
H1 is the developer of a healthcare data analytics platform intended to help companies make smarter scientific decisions. The company specializes in providing real-time data to support the end-to-end therapeutic development process from fundraising to product development to product launch, thereby providing the healthcare industry, organizations, and professionals with on-demand, live insights from across the data universe to accelerate the discovery and development of therapies to fight diseases.

Jeenie

Series A in 2022
Jeenie is a mobile platform that connects the user to a community of language experts to help them with any communication needs. The company was founded in 2018 and based in Washington, District of Columbia.

Nayya

Series C in 2022
Nayya uses AI and data science to personalize the way that employees choose and use their existing employee benefits. The company's platform analyzes millions of provider data points to make Smart Recommendations for a given procedure and network while providing doctors with the details of patients upon arrival, thereby enabling customers to have access to high quality, low-cost care.

Memora Health

Venture Round in 2022
Memora Health Inc. is a San Francisco-based company founded in 2016 that specializes in enterprise healthcare productivity software focused on automating outpatient communication. The company addresses the challenges faced by healthcare organizations that invest significant time and resources in phone follow-ups with patients. By providing a solution that automates various aspects of patient interaction, including follow-ups, instructions, health coaching, and the collection of patient-reported outcomes, Memora Health enhances operational efficiency and improves patient engagement through the use of text messaging.

DexCare

Series B in 2022
DexCare is a provider of Platform-as-a-Service offering to manage health system capacity and demand across all lines of care. The company enables health systems to evolve their traditional, one-to-one, patient-to-provider relationships and transform into a highly scalable digital experience for their patients— increasing revenue from new, digital-first patients while minimizing new patient acquisition costs. DexCare was founded in 2021 and is headquartered in Seattle, WA.

Sword Health

Series D in 2021
SWORD Health Lda. is a digital healthcare provider specializing in the treatment of musculoskeletal disorders through technology-driven solutions. Founded in 2012 and headquartered in Porto, Portugal, the company enables patients to undertake therapy in the comfort of their homes, effectively addressing chronic and post-surgical pain without the need for imaging, surgeries, or opioids. Since its launch in 2015, SWORD Health has partnered with insurers, health systems, and employers across Europe, Australia, and the United States, making its services accessible to a broad audience. The company combines the expertise of licensed physical therapists with innovative technology to deliver effective rehabilitation, aiming to alleviate pain for millions of people globally. SWORD Health maintains offices in New York City, Chicago, Salt Lake City, Sydney, and Porto.

H1

Series C in 2021
H1 is the developer of a healthcare data analytics platform intended to help companies make smarter scientific decisions. The company specializes in providing real-time data to support the end-to-end therapeutic development process from fundraising to product development to product launch, thereby providing the healthcare industry, organizations, and professionals with on-demand, live insights from across the data universe to accelerate the discovery and development of therapies to fight diseases.

Vital

Series A in 2021
Vital Software Inc. is a provider of cloud-based software specifically designed for emergency departments in hospitals. Founded in 2017 and headquartered in Atlanta, Georgia, the company focuses on enhancing patient experiences and optimizing operational flow within emergency rooms. Its software leverages artificial intelligence to predict patient admissions and offers real-time updates regarding patients' next steps and estimated wait times. This technology allows clinicians to spend less time on electronic health records and ensures seamless communication with patients and their families, ultimately improving efficiency and potentially reducing costs for healthcare facilities.

TMRW Life Sciences

Series C in 2021
TMRW Life Sciences is a developer of a cryo-storage platform intended to improve the success rates of assisted reproductive technology. The company's platform offers an in-clinic robotic storage system and a fully digital chain of custody from clinic to offsite longterm storage, continuous remote and local monitoring and electronically integrated processes characterized by digital health signals received from every oocyte and embryo daily, enabling clients to streamline embryology lab operations, eliminate manual steps and integrates digital quality control.

Sword Health

Series C in 2021
SWORD Health Lda. is a digital healthcare provider specializing in the treatment of musculoskeletal disorders through technology-driven solutions. Founded in 2012 and headquartered in Porto, Portugal, the company enables patients to undertake therapy in the comfort of their homes, effectively addressing chronic and post-surgical pain without the need for imaging, surgeries, or opioids. Since its launch in 2015, SWORD Health has partnered with insurers, health systems, and employers across Europe, Australia, and the United States, making its services accessible to a broad audience. The company combines the expertise of licensed physical therapists with innovative technology to deliver effective rehabilitation, aiming to alleviate pain for millions of people globally. SWORD Health maintains offices in New York City, Chicago, Salt Lake City, Sydney, and Porto.

Protenus

Series D in 2021
The Protenus healthcare compliance analytics platform uses artificial intelligence to audit every access to patient records for the nation’s leading health systems. Providing healthcare leaders full insight into how health data is being used, and alerting compliance teams to policy violations, Protenus helps our partner hospitals make decisions about how to better protect their data, their patients, and their institutions. Learn more at Protenus.com and follow us on Twitter @Protenus.

LetsGetChecked

Series D in 2021
LetsGetChecked is an at-home health testing platform that connects customers to regulated laboratory testing to better manage and control one's individual health. LetsGetChecked is making healthcare and diagnostics open and patient-led, empowering people to use technology in a simple yet powerful way. This offers consumers greater control over their individual health. LetsGetChecked is headquartered in New York, NY, with tests covering general wellness, sexual health, women's health and men's health, and is available nationwide, as well as in Canada and Europe.

Groups Recover Together

Series C in 2021
Groups Recover Together was founded to make treatment for opioid addiction respectful, accessible, and affordable. We empower our members to regain control of their lives through a proven, evidence-based model of medication-assisted treatment (MAT) with buprenorphine and weekly group therapy.

CareRev

Series A in 2021
CareRev operates a healthcare staffing marketplace that connects healthcare facilities with flexible clinical professionals. It provides an online platform that allows hospitals and outpatient facilities to directly access per diem medical staff without the involvement of vendors or agencies. This model enables healthcare facilities to fill empty shifts more rapidly, reduce overall staffing costs, and enhance the quality of patient care by maintaining safe nurse-to-patient ratios. CareRev's platform facilitates direct communication between facilities and healthcare professionals, giving the latter the freedom to choose their working hours and locations. The company is backed by Y Combinator and a group of notable business angels, focusing on addressing the significant staffing challenges within the healthcare sector.

Cleo

Series C in 2021
Cleo Labs, Inc. is a San Francisco-based company that offers pregnancy consultancy and parenthood guidance services, assisting families from fertility through to parenting children up to age five. The company provides a range of consultation services, including lactation support, birth preparation, child wellness, immediate post-birth assistance, career coaching, safety gear advice, sleep consulting, and emotional support for parents. Cleo delivers its services via a mobile application, making it accessible to both employers and families. Many organizations partner with Cleo to enhance their family support systems, aiming to improve employee retention, foster diverse and inclusive workplaces, and reduce health-related claims. Cleo operates in over 50 countries and collaborates with notable companies such as eBay, LinkedIn, and Uber. The company was founded in 2016 and underwent a name change from Instacare Group, Inc. in July 2018.

Ginger

Series E in 2021
Ginger.io, Inc. operates a behavioral analytics platform that transforms mobile data into health insights, specifically focusing on mental healthcare. The platform provides users with instant access to evidence-based behavioral health coaching, therapy, and psychiatry through a smartphone application. This on-demand service connects behavioral health coaches, therapists, and psychiatrists to deliver personalized care around the clock. Users can collect and analyze both passive mobile sensor data and active patient-reported outcomes, allowing for the identification of behavioral patterns and novel findings. Ginger serves a diverse clientele, including researchers, physicians, healthcare providers, and millions of individuals through partnerships with leading employers and health plans. Founded in 2010 and headquartered in San Francisco, California, Ginger is dedicated to enhancing mental health support.

Unite Us

Series C in 2021
Unite Us is a veteran-led technology company that builds coordinated care networks connecting health and social service providers together. The company helps systems and communities efficiently deliver care and services by inter-connecting providers across communities, seamlessly integrating the social determinants of health into patient care. Providers across the continuum and community are able to externally refer and track every patient’s total health journey, while reporting on all tangible outcomes across a full range of services in a centralized, cohesive, and collaborative ecosystem. This social infrastructure helps communities move beyond legacy resource directories, and transform their ability to measure impact, improved health, and outcomes at scale.

Capital Rx

Series B in 2021
Capital Rx, Inc. is a pharmacy benefit manager that specializes in overseeing self-insured prescription benefit plans for employers, unions, and government entities. Founded in 2017 and based in New York, the company employs a unique Clearinghouse Model to redefine prescription pricing and administration in the United States. This approach enhances the pharmacy supply chain by establishing a competitive marketplace for drug pricing, ultimately reducing costs for employer groups. Capital Rx's platform integrates various facets of the pharmacy ecosystem, improving administrative workflows, clinical oversight, and claim processing. By focusing on actionable strategies, the company aims to enhance plan performance and patient outcomes, facilitating better engagement between healthcare providers and patients while advancing overall healthcare efficiency.

Sword Health

Series B in 2021
SWORD Health Lda. is a digital healthcare provider specializing in the treatment of musculoskeletal disorders through technology-driven solutions. Founded in 2012 and headquartered in Porto, Portugal, the company enables patients to undertake therapy in the comfort of their homes, effectively addressing chronic and post-surgical pain without the need for imaging, surgeries, or opioids. Since its launch in 2015, SWORD Health has partnered with insurers, health systems, and employers across Europe, Australia, and the United States, making its services accessible to a broad audience. The company combines the expertise of licensed physical therapists with innovative technology to deliver effective rehabilitation, aiming to alleviate pain for millions of people globally. SWORD Health maintains offices in New York City, Chicago, Salt Lake City, Sydney, and Porto.

H1

Series B in 2020
H1 is the developer of a healthcare data analytics platform intended to help companies make smarter scientific decisions. The company specializes in providing real-time data to support the end-to-end therapeutic development process from fundraising to product development to product launch, thereby providing the healthcare industry, organizations, and professionals with on-demand, live insights from across the data universe to accelerate the discovery and development of therapies to fight diseases.

Olive

Venture Round in 2020
Olive AI, Inc. specializes in artificial intelligence and robotic process automation solutions tailored for healthcare organizations. The company provides an AI-as-a-Service platform designed to streamline various workflows, including claim status checks, account updates, and prior authorizations. Founded in 2012 and headquartered in Columbus, Ohio, Olive aims to alleviate the burden of repetitive, high-volume tasks through automation, allowing healthcare professionals to focus on more complex responsibilities that require human creativity and empathy. Originally established as CrossChx, Inc., the company rebranded to Olive AI, Inc. in July 2018, reflecting its commitment to enhancing operational efficiency in the healthcare sector.

Datavant

Series B in 2020
Datavant, Inc. is a healthcare data platform that aggregates and analyzes biomedical data using machine learning and artificial intelligence. Founded in 2017 and based in San Francisco, the company focuses on enhancing the clinical trial process by organizing and structuring healthcare data to provide actionable insights. Datavant's services cater to the clinical development and commercial pharmaceutical sectors, as well as researchers, by facilitating the protection, matching, and sharing of health data. The platform is designed to help pharmaceutical companies manage privacy, security, compliance, and trust, thereby enabling safe data sharing and improving the design and interpretation of clinical trials.

Aktana

Series D in 2020
Aktana helps life science companies get the most out of artificial intelligence for commercializing their products. Its platform harnesses machine learning algorithms to enable marketing and sales teams to optimize their engagement with prescribing physicians. Aktana supports more than 100 brands and more than half the top 20 pharmaceutical companies worldwide to increase revenue, capitalize on data investments, and drive channel productivity and results. The company’s focus on the life sciences market allows Aktana to understand and incorporate unique market dynamics more deeply than the major AI players. Headquartered in San Francisco, Aktana also has offices in New York, Philadelphia, London, Barcelona, Tokyo, Osaka, and Shanghai.

PatientPop

Series C in 2020
PatientPop, Inc. is a practice growth platform designed to enhance the operational efficiency of medical providers. Founded in 2014 and based in Santa Monica, California, the company offers a comprehensive suite of services that includes website development, search engine optimization, social media management, online advertising, appointment scheduling, and reputation management. By streamlining various aspects of the patient journey—from initial online engagement to post-appointment follow-up—PatientPop enables healthcare providers to attract more patients and improve their overall online presence. Its solutions aim to modernize the patient experience and automate front office tasks, allowing medical professionals to focus more on patient care.

RapidSOS

Series C in 2020
RapidSOS, Inc. operates an emergency response data platform that delivers critical information from over 350 million connected devices directly to 9-1-1 and first responders during emergencies. The platform enhances public safety by providing rich multimedia, health profiles, and real-time incident data, supporting more than 4,800 Emergency Communications Centers and protecting over 90% of the U.S. population during approximately 250 million emergencies each year. Key offerings include the Clearinghouse, which enables emergency requests from RapidSOS-enabled devices, and an Emergency API suite that transmits user data to emergency services. Additionally, the RapidSOS Portal provides public safety agencies with secure access to life-saving data. Founded in 2012 and headquartered in New York, RapidSOS collaborates with certified partners to improve emergency response times and outcomes, ultimately aiming to create a safer future through the integration of technology and public safety efforts.

Kyruus

Venture Round in 2020
Kyruus, Inc. develops web-based software solutions aimed at optimizing physician networks for hospitals, health systems, and life science companies. Founded in 2010 and headquartered in Boston, Massachusetts, the company offers a range of analytically driven tools designed to enhance the engagement and management of large physician networks. Key products include Kyruus Passport, which tracks physician productivity and performance, and Kyruus Profiles, which provides administrators with insights into physician activity. Additionally, Kyruus MDSeekyr helps users identify high-value providers, while Kyruus Insight Reports enables executives to analyze physician network performance over time. The company's ProviderMatch suite further enhances patient-provider matching and streamlines the scheduling process, ensuring a consistent patient experience across various access points. By leveraging big data, Kyruus aims to align provider supply with patient demand effectively.

PatientPing

Series C in 2020
PatientPing, Inc. operates a national care coordination network designed to connect healthcare providers through real-time notifications when patients receive care. Founded in 2013 and headquartered in Boston, Massachusetts, the company offers technology solutions for various healthcare stakeholders, including Accountable Care Organizations, hospitals, payers, and post-acute care facilities. Its network comprises a range of healthcare professionals, such as emergency case managers, primary care physicians, and care coordinators, facilitating improved collaboration and information sharing. PatientPing also features a tool called Spotlights, which analyzes real-time data to identify trends in healthcare utilization and performance. The company has formed a strategic partnership with MedAllies, Inc. and operates as a subsidiary of SVB Leerink Holdings LLC, focusing on enhancing patient outcomes and experiences through coordinated care.

PlushCare

Series B in 2020
PlushCare is a San Francisco-based tech startup that makes it easy to find and meet with a doctor online, even on the same day. Their mission is to provide patients with the best doctors and the best medical experience in a friendly and personalized way. The company's technology platform enables over 100,000 patients (and growing) to get care from a board-certified doctor online. With an NPS of 90 and an App Store rating of 4.9, they strive to provide the healthcare experience that patients deserve. PlushCare has also been developing Coronavirus at home testing.

LetsGetChecked

Series C in 2020
LetsGetChecked is an at-home health testing platform that connects customers to regulated laboratory testing to better manage and control one's individual health. LetsGetChecked is making healthcare and diagnostics open and patient-led, empowering people to use technology in a simple yet powerful way. This offers consumers greater control over their individual health. LetsGetChecked is headquartered in New York, NY, with tests covering general wellness, sexual health, women's health and men's health, and is available nationwide, as well as in Canada and Europe.

Vera Whole Health

Venture Round in 2020
Vera Whole Health is a provider of healthcare service that delivers comprehensive, intelligent primary care to employees via employer-funded worksite clinics. Its model is designed to help people achieve optimum social, psychological and physical well-being.

Protenus

Venture Round in 2020
The Protenus healthcare compliance analytics platform uses artificial intelligence to audit every access to patient records for the nation’s leading health systems. Providing healthcare leaders full insight into how health data is being used, and alerting compliance teams to policy violations, Protenus helps our partner hospitals make decisions about how to better protect their data, their patients, and their institutions. Learn more at Protenus.com and follow us on Twitter @Protenus.

PatientPoint

Venture Round in 2020
PatientPoint has been the leader and innovator of patient and physician engagement solutions at the point of care. PatientPoint award-winning health information drives meaningful outcomes for patients, providers and sponsors. From primary care to specialty practices, from urgent care clinics to hospitals, PatientPoint programs provide an integrated patient-engagement experience across care settings. PatientPoint specializes in point-of-care education by custom-making content to meet the unique needs of patients in the physician’s office or hospital. This content has been recognized for the last 12 years by the National Health Information Awards for excellence in consumer-facing health information. This seal of quality helps healthcare professionals recognize exemplary patient education that is easy-to-understand, visually compelling and actionable.

Groups Recover Together

Venture Round in 2020
Groups Recover Together was founded to make treatment for opioid addiction respectful, accessible, and affordable. We empower our members to regain control of their lives through a proven, evidence-based model of medication-assisted treatment (MAT) with buprenorphine and weekly group therapy.

Scientist.com

Funding Round in 2019
Scientist.com has connected buyers and sellers of research services. Through this exchange, they are able to deliver faster science through an innovative approach to R&D. Find the best resources to support studies surrounding human biological samples, biomarkers, immunotherapy, protein engineering, molecular pharmacology, in vitro / in vivo assays and over 3,000 additional areas.

Health Catalyst

Venture Round in 2019
Health Catalyst is a company that specializes in data and analytics technology for healthcare organizations, addressing the challenges posed by the transition from paper to electronic health records. It focuses on organizing, normalizing, and linking disparate health data from various systems, making it easily searchable for all users, including those without technical expertise. Health Catalyst operates through two primary segments: the Technology segment, which is the main revenue driver, offers cloud-based data platforms, analytics applications, and support services, primarily through subscription and licensing agreements. The Professional Services segment provides a combination of analytics, implementation, strategic advisory, and outsourcing services, helping healthcare organizations effectively utilize the technology to improve outcomes and operational efficiency.