– Heritage Group has announced the final closing of Heritage Healthcare Innovation Fund IV at over $370 million.
– Fund IV continues the firm’s strategy of minority and majority investments in high-growth healthcare services and technology businesses.
– Heritage focuses on addressing the most pressing challenges in the healthcare industry.
– The firm uses a deep strategic engagement model with health system and payer limited partners to support all stages of the investment lifecycle.
– Heritage is backed by major healthcare organizations including:
▪️Health systems with over 800 hospitals
▪️Payers covering more than 75 million lives
– Jesse Bland, Partner, emphasized investor confidence in Heritage’s strategic model and ability to scale businesses in high-growth subsectors.
– Bryan Bui, Partner, highlighted the two-way collaboration with strategic investors, allowing for early access to innovation and valuable market insights.
– The fund follows a thematic investment approach, targeting segments positioned for meaningful and sustained growth.
– Tim Hingtgen, CEO ofCommunity Health Systems, praised Heritage’s ability to identify trends and foster strategic collaborations.
– Key portfolio themes include:
▪️Lower-cost sites of care (e.g., TwelveStone, Upward Health)
▪️Value-based care enablement (e.g., Curana Health, Wellvana)
▪️Outsourced clinical services (e.g., Equum, Shearwater Health)
▪️Access to care expansion (e.g., MDLIVE, Connections Health Solutions)
– David Siegel, CEO of Nationwide Medical, stated that Heritage has provided strategic value beyond capital, accelerating growth and impact.
