NEW YORK–(BUSINESS WIRE)–VSS, a private investment firm focused on the information, healthcare
services, tech-enabled business services, and education industries,
announced its investment in Caravan Health, Inc. (“Caravan Health”). The
transaction represents its ninth investment in the healthcare industry.
Terms of the transaction were not disclosed.
Founded in 2013 and headquartered in Kansas City, MO, Caravan Health is
a provider of value-based care advisory services for hospitals and
physician practices. Caravan Health enables healthcare providers to
qualify, participate and succeed under value-based payment models, with
a focus on Medicare Accountable Care Organizations.
Lynn Barr, Caravan Health’s Founder and Chief Executive Officer,
commented, “We are excited to partner with VSS, whose extensive
experience in the healthcare sector and strong network of relationships
will help Caravan reach its ambitious goals.”
“We are very proud to partner with Caravan Health. Lynn Barr and the
Caravan Health team are changing healthcare and improving outcomes for
hospitals, physicians, and patients,” added David Bainbridge, VSS
Managing Director. “The Company has established itself as a leader in
the growing value-based care market and is extremely well positioned to
capitalize on the acceptance of alternative payment models. We plan to
commit substantial resources behind the Company to invest in new
products, services, and technology for the benefit of its customers.”
VSS’s existing and realized healthcare investments include: Connexion
Point, a provider of technology-enabled healthcare services for the
payer market; Strata Decision Technology, a developer of financial
analytics and decision support software for the hospital market; Avatar
International, a provider of quality improvement services for the
provider market; Executive Health Resources, a supplier of medical
necessity compliance tools for hospitals; and Solucient, a comparative
analytics tool that optimizes performance for hospitals and health
Triple Tree acted as exclusive financial advisor to Caravan Health.
is a private investment firm that invests in the information, healthcare
services, tech-enabled business services, and education industries. VSS
provides capital for growth financings, recapitalizations, strategic
acquisitions and buyouts to lower middle market companies and management
teams with the goal of building companies organically as well as through
a focused add-on acquisition program. VSS makes privately-negotiated
investments across the capital structure and has the ability to invest
in situations requiring control or non-control equity, mezzanine
securities and structured equity securities.
About Caravan Health
Founded in 2013, Caravan Health (www.caravanhealth.com)
enables hospitals and physician practices to succeed under value-based
payment models. Covering almost a million patient lives, the company has
helped more than 14,000 providers implement population health programs
with affordable, end-to-end solutions to achieve superior results.
Through its unique approach, Caravan Health’s partner hospitals are able
to achieve high quality scores, new competencies, and strong physician
relationships that have traditionally been out of reach, while still
reducing overall care costs.
Tanya Dessereau, 1-212-381-8556
Manager of Marketing & New