Aging market fund invests in community-based health IT company
The Ziegler Link•age Longevity Fund LP has announced its equity investment in Nashville, Tenn.-based CivicHealth, for an undisclosed amount.
CivicHealth, founded in 2010, has developed a software platform that is used to coordinate healthcare on a community level by bringing together hospitals, providers, accountable care organizations (ACOs), medical homes and social services organizations.
Available as a single integrated system or individual solutions, CivicHealth's software addresses many of the issues now facing healthcare organizations, including patient compliance, bundled payments, reimbursements, hospital readmissions, risk management and emergency department re-directs.
“In today’s evolving world of healthcare, being able to track patient interactions and outcomes across both the clinical and non-clinical aspects of their care is critically important," said John Hopper, chief investment officer of the Ziegler Link•age Longevity Fund in an announcement. “We look forward to working with Civic as they deliver their product.”
Jeff Powell, owner and founder of CivicHealth, added, “We are very excited to work with Ziegler and Link•age, and their investors, to continue to evolve the great company we have built into a leader in the healthcare and senior living worlds.”
This is the second investment to date for the fund, which focuses exclusively on the aging market and companies that serve that market.
Topics: Technology & IT