Heritage Group, a Nashville-based healthcare investment firm, has backed Intralign Health. Based in Scottsdale, Ariz, the business is a healthcare services company focused on helping providers reduce costs and improve quality for major joint replacement.
Heritage Group, a Nashville-based healthcare investment firm, today announced an investment in Intralign Health (Intralign), a specialty healthcare services company focused on helping providers reduce costs and improve quality for major joint replacement. This investment adds to a growing group of companies backed by the Heritage Healthcare Innovation Fund (HHIF), which invests in businesses that improve the quality, service and efficiency of healthcare delivery.
Based in Scottsdale, Ariz., Intralign provides a suite of services and solutions that help providers Through advanced analytics, service line re-design, and intra-operative efficiencies, Intralign works with providers to improve the quality of care and reduce the costs of orthopedic surgical procedures, which exceed $20 billion annually in the U.S. This capital infusion, which was led by Altaris Capital Partners, will allow Intralign to take advantage of this emerging opportunity
and support its strategic growth initiatives.
The leadership of Intralign previously built Ascent Healthcare Solutions into the leading medical device reprocessing provider in the market, delivering savings to hospitals and eliminating waste in the device supply chain. “Our team enjoys finding areas where we can make a significant impact and Intralign is well- positioned for this,” said Rick Ferreira, CEO of Intralign. “We are very pleased to be partnering with Heritage Group. Their operational experience and expertise, coupled with the active engagement of their strategic Limited Partners, is very valuable to us as a management team.”
The Heritage Healthcare Innovation Fund was created by a diverse group of the nation’s leading healthcare services firms including Amedisys, Inc., Cardinal Health, Inc., Community Health Systems, Health Care Service Corporation, Intermountain Healthcare, Iowa Health System, LifePoint Hospitals, Memorial Hermann Healthcare System, Trinity Health and Vanguard Health Systems.
“As a strategic fund, we invest in companies that provide innovative solutions to the challenges faced by our partners,” said Rock Morphis, managing director of Heritage Group. “We are excited to be part of a company with such a disruptive model led by a management team with a proven track record of improving quality and reducing costs in healthcare.”