Transformation Capital

Transformation Capital is a growth and expansion firm based in Boston, Massachusetts, founded in 2016 by Todd Cozzens and Jared Kesselheim, MD. The company focuses on investing in healthcare sector companies throughout the United States. As a Registered Investment Adviser, Transformation Capital operates independently, having evolved from its predecessor, Leerink Transformation Partners LLC. The firm maintains a collaborative relationship with its former affiliate, SVB Leerink, which provides operational support and strategic advantages. With a commitment to fostering innovation in healthcare, Transformation Capital is positioned to manage investment portfolios effectively while leveraging its extensive industry expertise.

Nick Briguglio

Investor

Kevin Brown

CFO / COO

Jenna Ciotti

Vice President

Todd Cozzens

Co-Founder and Managing Partner

Jared Kesselheim

Managing Partner

Akanksha Mehta

Vice President

Rosen, Scott

Partner

Akhi Samant

Vice President

Jessie Wu

Vice President

Past deals in Health Care

Amino

Venture Round in 2023
Amino is a healthcare financial wellness platform that helps companies and their employees navigate the complexities of the US healthcare system and find the highest value care, which has become even more important of late. It simplifies high-value healthcare benefits by providing data-driven, individualized care suggestions that plan members will follow. With a system that benefits patients and everyone, Amino Health makes healthcare more intuitive, accessible, and convenient.

Tebra

Series B in 2022
Tebra provide independent healthcare practices with digital tools and support to thrive in a new era of healthcare. Tebra is to unlock better healthcare for every patient by getting your independent practice the right technology and support to thrive. In an industry marked by broken, disparate parts, and overstuffed with processes, we are developing a single system that can truly be the backbone of practice success.

Capital Rx

Series C in 2022
Capital Rx is a health technology company that engages in managing pharmacy benefit plans. The company is redefining the way prescriptions are priced and administered in the U.S. Through its Clearinghouse Model, it unlocks the pharmacy supply chain and reduces prescription costs for employer groups. By establishing a competitive marketplace for drug pricing, Capital Rx focuses its resources on deploying actionable strategies that improve plan performance and patient outcomes.

H1.co

Series C in 2022
H1 is a New York-based healthcare platform established in 2017 that facilitates connections among life sciences companies, hospitals, academic medical centers, and health systems. The platform specializes in providing real-time data and analytics to support informed decision-making throughout the therapeutic development process, from fundraising to product launch. By offering insights into healthcare professionals and institutions, H1 aims to enhance collaboration within the healthcare ecosystem. Its services enable organizations to identify clinical research opportunities, locate industry experts, and benchmark their performance, ultimately accelerating the discovery and development of therapies to combat diseases.

Nayya

Series C in 2022
At Nayya, we believe there’s a better way to choose and use benefits. A more transparent, less confusing way for employees to control their health and financial potential. Powered by billions of data points and machine learning, our benefits experience platform delivers personalized decision support and guidance during open enrollment, new employee onboarding, qualifying life events, and in the moments that matter all year round. This is one of the most stressful and challenging situations consumers face – and we see that as an opportunity to build an innovative response that can help millions of Americans possess the control and understanding they deserve. Join the consumers and their employers that are now living with more peace and confidence at Nayya.com.

Memora Health

Venture Round in 2022
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.

DexCare

Series B in 2022
DexCare is a Seattle-based provider of a platform-as-a-service designed to optimize health system capacity and demand across various lines of care. Established in 2021, the company offers a solution that transforms traditional patient-to-provider relationships into a scalable digital experience. This platform enhances patient access to the appropriate care settings, enabling healthcare institutions to attract new patients, boost revenue, and improve overall satisfaction. Additionally, DexCare's approach leads to significant cost savings while ensuring that patients receive timely and effective care.

Sword Health

Series D in 2021
Sword Health is on a mission to free 2 billion people from pain by pioneering the field of AI Care. It is #1 in clinical and cost-saving outcomes because we have the most advanced AI, developed and overseen by the most clinically rigorous team. Sword has developed the first platform to predict, prevent, and treat pain by starting with the expertise of world-class doctors of physical therapy and then building an interactive AI experience to deliver care that members can use anywhere, anytime, under a clinician’s supervision.

H1.co

Series C in 2021
H1 is a New York-based healthcare platform established in 2017 that facilitates connections among life sciences companies, hospitals, academic medical centers, and health systems. The platform specializes in providing real-time data and analytics to support informed decision-making throughout the therapeutic development process, from fundraising to product launch. By offering insights into healthcare professionals and institutions, H1 aims to enhance collaboration within the healthcare ecosystem. Its services enable organizations to identify clinical research opportunities, locate industry experts, and benchmark their performance, ultimately accelerating the discovery and development of therapies to combat diseases.

Vital

Series A in 2021
Keep patients more informed and engaged in the emergency room, hospital, and beyond. Vital’s AI-powered patient experience solutions give patients control, clarity, and predictability when they need it most.

Thriveworks

Venture Round in 2021
Thriveworks offer a variety of mental health services, including depression therapy, marriage counseling, life coaching, & more.

Sword Health

Series C in 2021
Sword Health is on a mission to free 2 billion people from pain by pioneering the field of AI Care. It is #1 in clinical and cost-saving outcomes because we have the most advanced AI, developed and overseen by the most clinically rigorous team. Sword has developed the first platform to predict, prevent, and treat pain by starting with the expertise of world-class doctors of physical therapy and then building an interactive AI experience to deliver care that members can use anywhere, anytime, under a clinician’s supervision.

Protenus

Series D in 2021
Protenus harnesses the power of AI to provide healthcare organizations with scalable risk-reduction solutions that drive the safest patient outcomes while protecting the reputation of the organizations. We are committed to innovation, determined to reduce risk, and focused on supporting our community of employees, customers, and ultimately, patients. Empowering healthcare to eliminate risk is at the heart of all we do. Founded in 2014, Protenus is a three-time winner of Forbes’ America’s Best Startup Employers, is a Great Place to Work®-Certified company, and was named one of 2021 CBInsights Digital Health 150, one of The Best Places to Work in Healthcare by Modern Healthcare, and one of the Best Places to Work in Baltimore by the Baltimore Business Journal and the Baltimore Sun. 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 with regulated laboratory testing, enabling individuals to manage their health effectively. Based in New York, the company offers a wide range of testing kits for general wellness, sexual health, women's health, men's health, and specific illnesses, including cancer and fertility issues. Users can order testing kits online, collect samples such as blood or urine, and return them using prepaid envelopes. The analyzed results are then uploaded online, providing customers with convenient access to their health information. LetsGetChecked operates nationwide in the United States and extends its services to Canada and Europe, promoting a patient-led approach to healthcare through technology.

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
Care Revolutions is a marketplace for healthcare staff, an online technology platform where Hospitals and Outpatient facilities can directly access per diem medical staff. No vendors, no agencies, no middlemen. Care Revolutions fill empty shifts faster, lowers overall staffing costs, and increase trust and quality of patient care. Hospitals and outpatient facilities book professionals daily to complement their own float pool, increase shift fill rates and maintain safe nurse-to-patient ratios. Care Revolutions is funded by Y Combinator (S16) and an extraordinary group of business angels including several Y Combinator partners and alumni.

Ginger

Series E in 2021
Ginger.io, Inc. is a digital mental health provider that offers a behavioral analytics platform designed to deliver on-demand mental healthcare via mobile devices. Founded in 2010 and headquartered in San Francisco, California, the platform connects users with a team of behavioral health coaches, therapists, and psychiatrists, facilitating personalized care accessible 24/7. Users can collect and analyze both passive and active behavioral data, enabling the identification of health insights and deviations from normal behavior. This service is utilized by a wide range of clients, including researchers, healthcare providers, and millions of employees through partnerships with leading employers and health plans. Ginger's approach focuses on providing immediate support and evidence-based interventions for individuals experiencing mental health challenges such as depression and anxiety.

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. The company was founded in 2013 by military veterans Dan Brillman and Taylor Justice in New York, New York.

Capital Rx

Series B in 2021
Capital Rx is a health technology company that engages in managing pharmacy benefit plans. The company is redefining the way prescriptions are priced and administered in the U.S. Through its Clearinghouse Model, it unlocks the pharmacy supply chain and reduces prescription costs for employer groups. By establishing a competitive marketplace for drug pricing, Capital Rx focuses its resources on deploying actionable strategies that improve plan performance and patient outcomes.

Sword Health

Series B in 2021
Sword Health is on a mission to free 2 billion people from pain by pioneering the field of AI Care. It is #1 in clinical and cost-saving outcomes because we have the most advanced AI, developed and overseen by the most clinically rigorous team. Sword has developed the first platform to predict, prevent, and treat pain by starting with the expertise of world-class doctors of physical therapy and then building an interactive AI experience to deliver care that members can use anywhere, anytime, under a clinician’s supervision.

H1.co

Series B in 2020
H1 is a New York-based healthcare platform established in 2017 that facilitates connections among life sciences companies, hospitals, academic medical centers, and health systems. The platform specializes in providing real-time data and analytics to support informed decision-making throughout the therapeutic development process, from fundraising to product launch. By offering insights into healthcare professionals and institutions, H1 aims to enhance collaboration within the healthcare ecosystem. Its services enable organizations to identify clinical research opportunities, locate industry experts, and benchmark their performance, ultimately accelerating the discovery and development of therapies to combat diseases.

Olive

Venture Round in 2020
Olive AI, Inc. specializes in developing artificial intelligence and robotic process automation solutions tailored for healthcare organizations. Founded in 2012 and based in Columbus, Ohio, the company offers an AI-as-a-Service platform that automates a variety of administrative workflows, including claim status checks, account updates, and prior authorizations. By streamlining these repetitive and high-volume tasks, Olive allows healthcare professionals to focus on more creative and empathetic aspects of patient care. The software acts as an intermediary between different systems and data, helping to reduce administrative errors and improve cash collections, ultimately enhancing overall efficiency and patient outcomes in the healthcare sector. Olive AI, Inc. was previously known as CrossChx, Inc. before rebranding in July 2018.

PatientPop

Series C in 2020
PatientPop, Inc. operates a comprehensive practice growth platform aimed at assisting healthcare providers in enhancing their operations and patient interactions. Founded in 2014 and based in Santa Monica, California, the company offers a range of services that include website development, search engine optimization, online advertising, scheduling, appointment reminders, reputation management, and patient satisfaction surveys. By automating various stages of the patient journey—from initial online engagement to post-appointment follow-up—PatientPop enables medical practices to attract more patients, manage their online reputation, and streamline front office operations. The platform is designed to provide healthcare providers with the tools necessary to focus on patient care while effectively growing their practices.

Kyruus

Venture Round in 2020
Kyruus, Inc. is a healthcare technology company that specializes in developing web-based software solutions for physician network optimization, aimed at hospitals, health systems, life science companies, and individual physicians. Founded in 2010 and headquartered in Boston, Massachusetts, Kyruus offers a suite of analytically driven tools designed to enhance patient access to care and optimize physician networks. Key products include Kyruus Passport, which enables physicians to track their activity and productivity, and Kyruus Profiles, which allows administrators to monitor physician performance. The company also provides Kyruus MDSeekyr for identifying high-value providers and Kyruus Insight Reports for analyzing network activity and performance trends. By leveraging its proprietary provider data management platform, Kyruus facilitates efficient provider search and scheduling, ultimately improving the patient experience and aligning provider availability with patient demand.

PatientPing

Series C in 2020
PatientPing, Inc. is a health technology company that has established a national care coordination network designed to connect healthcare providers with real-time notifications whenever patients receive care. The network encompasses a diverse group of healthcare personnel, including physicians, nurses, case managers, and care coordinators across various settings such as hospitals, emergency departments, and skilled nursing facilities. PatientPing offers technology solutions tailored to Accountable Care Organizations (ACOs) and other healthcare providers, facilitating improved collaboration and information sharing. One of its key tools, Spotlights, leverages real-time data to identify utilization and performance trends in patient care. Founded in 2013 and headquartered in Boston, Massachusetts, PatientPing operates as a subsidiary of SVB Leerink Holdings LLC and maintains a strategic partnership with MedAllies, Inc. By fostering connections among care teams, PatientPing aims to enhance the quality and efficiency of healthcare delivery, ultimately leading to better patient outcomes.

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 with regulated laboratory testing, enabling individuals to manage their health effectively. Based in New York, the company offers a wide range of testing kits for general wellness, sexual health, women's health, men's health, and specific illnesses, including cancer and fertility issues. Users can order testing kits online, collect samples such as blood or urine, and return them using prepaid envelopes. The analyzed results are then uploaded online, providing customers with convenient access to their health information. LetsGetChecked operates nationwide in the United States and extends its services to Canada and Europe, promoting a patient-led approach to healthcare through technology.

Vera Whole Health

Venture Round in 2020
Vera Whole Health specializes in primary care services. They design programs to help people achieve social, psychological, and physical well-being. Their primary care delivers patient-provider relationships through informatics, referral management, care coordination, and health coaching.

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.

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.

Health Catalyst

Venture Round in 2019
Health Catalyst is a tech platform that organizes and links health-related data from different systems. It helps organize, normalize, and link the data from all different systems and make it searchable by all users, even the non-technical.

Panalgo

Private Equity Round in 2019
Panalgo specializes in healthcare data analytics through its Instant Health Data (IHD) platform, which simplifies the analysis process by eliminating the need for complex programming. Founded in 1996 and based in Boston, Massachusetts, the company aims to enhance the understanding of clinical outcomes and the value of patient care strategies. Its platform allows teams within life sciences, health plans, and provider groups to efficiently process large and intricate datasets, facilitating the generation and sharing of reliable results. This streamlined approach empowers organizations to make informed decisions more quickly, ultimately leading to improved patient care and outcomes.
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