HealthQuest

PROVIDING GROWTH CAPITAL TO COMPANIES TRANSFORMING HEALTHCARE

 

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At HealthQuest, it’s our mission to contribute to broadly improving healthcare and people’s lives while being among the best at what we do. This always involves working with outstanding people and conducting ourselves with the highest ethics and integrity. We accomplish all this by investing in growth stage healthcare TRANSFORMERS that change healthcare for the better while providing our investors excellent returns.

Our Focus

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Stage

We view ourselves as a “venture growth” fund and are looking for commercial stage investments, where our capital is primarily directed towards growing revenues and scaling the company. 

We are interested in learning now about companies that may not yet be at this stage, but will be in the near future. If this is the only criterion that your business does not meet, please send us your business plan, so we can follow you for a future potential investment. 

Sectors

We invest in healthcare innovation across most of the healthcare spectrum: medical devices, diagnostics, digital health, tech-enabled services, and consumer medicine. In fact, we're interested in knowing about almost any innovative and proprietary product or service in healthcare that optimizes value (lower cost plus better outcomes), reduces complexity and/or increases certainty.

We do not invest in pharmaceuticals, biotech, routine delivery of healthcare (i.e. medical clinics) or healthcare-related real estate.

Characteristics

We look for opportunities where the product is proven, the commercial recipe for success is clear and the primary issue is properly resourcing the company. We like experienced management teams that are operating with capital-efficiency but also an urgency to build a large and profitable enterprise. We typically begin with investments of $7M-15M, with an ability to invest up to $25M over time. We prefer to lead investments and are comfortable forming syndicates. We will also consider syndicating with other lead investors.

 

Our Portfolio

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We invest in healthcare innovation across most of the healthcare spectrum: medical devices, diagnostics, digital health, tech enabled services, and consumer medicine. In fact, we're interested in knowing about almost any innovative and proprietary product or service in healthcare that optimizes value (lower cost plus better outcomes), reduces complexity and/or increases certainty.

Active Investments

Why Green Apples?

Sometimes we get asked: "What's with the green apples?"

A lot, as it turns out....

The apple has been a sign of health and wellness for generations. The Welsh used to quote "Ait a happle avore gwain to bed, An' you'll make the doctor beg his bread," or in more modern English: "An apple before bed, and you'll keep the doctor from earning his bread." Of course we all know it better as "An apple a day keeps the doctor away." As sticklers for good science, we aren't sure if that's fully supportable -- but, fortunately for them, the apple growing industry has never had to file with the FDA for claims substantiation. Nonetheless, apples say something about taking personal responsibility for our health, which is one of the themes that we believe will be important to sustainability in healthcare.

Green, of course, means that they are still ripening (our apologies to Granny Smith fans), much like the businesses we invest in. Importantly though, these apples are apples by design, as symbolized by the front apple in wire frame mode. Like this apple, great young companies are great by intention and design. We think it's here that the HealthQuest team adds its most important value, with decades of experience designing, building and ripening businesses (both as entrepreneurs ourselves and as investors). So, there you have it.

 
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