The palliative medicine company, noted Frist, has the potential to revolutionize advanced illness care in the United States … much the way hospice did for terminally ill patients nearly 40 years ago. Launched in Nashville, the plan is to create outpatient palliative care clinics and a physician network across the nation to better manage symptoms associated with life-threatening illness and chronic disease to improve outcomes and decrease costs associated with hospitalizations and Emergency Room visits. As Frist noted on the corporate website, “Advanced illness management is one of the few areas in healthcare where patients, caregivers, physicians, and health plan’s incentives are well aligned.”
Read MoreCatavolt, Inc., creator of the world's first cloud middleware enterprise mobility platform, today announced the close of a $5M Series B investment round. San Francisco-based, Toba Capital, recently formed by Vinny Smith, former CEO and Founder of Quest Software, led the round in cooperation with Nashville, Tennessee-based FCA Venture Partners, an existing investor in Catavolt and Series A participant. The capital received from this round will be used to expand the sales organization, market the company's cloud middleware platform more aggressively, and further expand the product innovation team.
Read MoreFCA Venture Partners (“FCA”), the venture capital manager of investment firm Clayton Associates, announced the closing of its fifth fund, FCA Venture Partners V, L.P. (“FCA V” or the “Fund”), which exceeded its target with total commitments of $53 million.
FCA V is led by partners Matthew King and John Burch, along with CFO and partner Nancy Allen, who have more than 70 years combined operational and investment experience.
“We are very pleased with the continued support from our existing investors, many of whom have recommitted following investments in previous funds, which, along with a large number of new investors to the Fund, has dramatically increased our investor base,” said John Burch, Partner of FCA Venture Partners. FCA V’s Limited Partners include regional banks, leading asset management firms, family offices, entrepreneurs, and high net worth individuals.
Read MoreClayton Associates, a leading source of equity capital for early-stage companies in the Southeast, announces the formation of a new angel fund, Rolling Hills Ventures, LP. The fund, which is targeting a $15 million fundraising goal, is being started through a family partnership between the McWhorter and Bovender families, both of which have a long history at Nashville-based HCA. Rolling Hills Ventures will invest in startup companies primarily in the healthcare and information technology sectors.
While the fund is new, the long tradition of angel investing at Clayton Associates is not. Clayton Associates was founded in 1996 as an incubator for angel investing. The early success of the angel investments led to venture funds, known as FCA Venture Partners. Although Clayton Associates has continued to be a leader in the angel investing community, its angel investments have been primarily on a deal by deal basis. Looking to provide structure to this activity, the firm is starting Rolling Hills Ventures, the new angel capital manager of Clayton Associates.
Read MoreClayton Associates, a leading source of equity capital for early-stage companies in the Southeast, announces the addition of Jim Fitzgerald , founder and former president of HealthTrust Purchasing Group (HPG), to its team. Fitzgerald will be joining Larry Kloess , former HCA TriStar president, as a senior advisor with the firm, effective January 2013. Fitzgerald led Brentwood, Tenn., based HPG from its formation in 1999 until his retirement in May 2012. He oversaw the financial and operational functions for HPG and also managed the contracting for suppliers, pharmaceuticals and capital equipment, totaling more than $20 billion annually. Fitzgerald has 31 years of healthcare-related operations and leadership experience, having held several positions with HCA including president of Supply Chain Services, VP of Contracts and Operations Support , AVP of Operations Support , and Director of Internal Audit.
"Jim brings a unique skill set and perspective that make him an excellent enhancement to our team – and a great asset to our entrepreneurs," said Stuart McWhorter , chairman and president of Clayton Associates. "The entrepreneurial community is fortunate to have a healthcare executive as talented as Jim, who is willing to share his knowledge and experience with others."
Read MoreCatavolt, Inc., a recognized market innovator in enterprise mobility, today announced it has closed a $1.5 million Series A investment round led by FCA Venture Partners, a Nashville, TN based venture capital firm, with participation by angel investor George Salem. Catavolt’s primary service offering is Catavolt Extender, a hybrid cloud service that securely provides real time mobile access to all enterprise data in the form of native applications to any mobile device.
Catavolt’s unique approach, based on its patent-pending Dual Model Architecture, enables organizations to rapidly create and deliver mobile applications to business users without the need for costly and traditionally resource-intensive software development projects. Catavolt serves a wide variety of customers, from manufacturing and distribution, to the defense industry and healthcare, which are competitively providing access to enterprise data for their business users on their own mobile devices.
Read MoreEdo, a card-linked local offers a platform that targets customers based on their real-world spending behavior, has closed a $15 million Series C round of funding, the company announced today. The round was led by VantagePoint Capital Partners, and saw participation from Baird Venture Partners and other existing investors (including FCA Venture Partners), bringing edo’s total financing to $54.3 million. Unlike many of the current local-offer platforms, edo doesn’t require a check-in, a punch card, a mobile app, or specialized point-of-sale hardware. Instead, it ties to consumers’ bank cards (credit or debit), and then tracks spending behavior to know which offers to send.
Read More"athenahealth's More Disruption Please program spurs cross-industry collaboration to speed high-value innovation in health care," said Bill Brown, CEO, Entrada, Inc. "Entrada's voice-powered clinical documentation technology provides clear benefit to the electronic health record workflow, and, with our partnership with athenahealth, we're able to integrate our speech-to-text solutions directly within the EHR, accelerating physician adoption. Across the MDP program, there's a shared vision to integrate technologies that complement each other and make them more accessible so that providers can realize the benefits of innovation without sacrificing their focus on patient care." Call for More "Meaningful Use" Transparency and Accountability Through the delivery of its cloud-based EHR, athenaClinicals, athenahealth partners with health care organizations to simplify Meaningful Use criteria while keeping providers focused on patient care. athenahealth remains the only leading EHR vendor that tracks providers' progress against Meaningful Use measures and publishes those results to the broader public. athenahealth will maintain this level of transparency--and calls on other vendors to do the same--as it begins implementing functionality in support of the Stage 2 Meaningful Use requirements across its entire provider base.
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