Kayne NewRoad Ventures Fund II LP has invested $5 million in Anthem-Epoch Inc, parent company of Epoch Health. Epoch Health has seven clinics spread across Arkansas, Missouri, Arizona and Alaska that target the male patient population, who typically avoids proper medical and/or preventative care. Kayne NewRoad Ventures Fund II LP is co-managed by Kayne Anderson Capital Advisors LP and NewRoad Capital Partners LLC.
October 24, 2016 06:00 AM Eastern Daylight Time
DALLAS–(BUSINESS WIRE)–Anthem-Epoch, Inc., parent company of Epoch Health (www.epochmenshealth.com), a primary care clinic focused specifically on comprehensive men’s health, has secured $5 million in new financing from Kayne NewRoad Ventures Fund II, L.P., a growth fund co-managed by Kayne Anderson Capital Advisors, L.P. and NewRoad Capital Partners, LLC.
Epoch Health currently has seven clinics staffed with physicians and mid-level providers located across Arkansas, Missouri, Arizona and Alaska delivering a convenient, male-friendly clinical environment with a ‘no-appointment necessary’ / walk-in dynamic. Nearly 70% of Epoch Health patients either do not have or rarely see a primary care physician. Moreover, studies show that unless a male seeks a physician for a chronic health issue before the age of 25, most men will not see a doctor again until over the age of 50. Epoch Health, however, has attracted the male patient population, who typically avoids proper medical and/or preventative care, with a highly accessible culture and ‘patient-first’ focus on men’s health. Thus far, the Epoch Health model has been a success with its male patient population as well as the medical professional community, especially urology group practices. Kayne NewRoad Ventures is partnering with Epoch Health to expand their clinical model and impact more cities nationwide.
“We’re changing lives,” says Mike Whitfield, Founder and President of Epoch Health. “We have hundreds of stories of men walking in our door and our physician diagnosing an illness or a life-threatening disease that could have led to serious harm, potentially death. We are passionate about not only saving men’s lives through proper diagnosis but also giving them the tools they need to engage in an active, healthy lifestyle. The Epoch Health business model centers on preventive care by educating men and their families about general wellness while matching their symptoms with appropriate medical treatments, education and lifestyle modifications that lead to a healthier, happier, improved quality of life. This funding gives us the opportunity to take our brand of awareness, testing and treatment to more communities nationwide.”
Steve Brooks, Partner at Kayne NewRoad Ventures Fund II, adds, “We are excited to partner with the Epoch Health management team and to have the opportunity to invest in a company that is making a positive impact on lives. We are confident that this partnership will create a real movement that introduces more men into the preventative healthcare system.”
About Epoch Health
Beginning in 2012, Epoch Health partnered with urologists to pioneer its comprehensive healthcare facilities within a convenient retail environment specifically designed and marketed toward men. Today, Epoch Health has grown to seven locations in Arkansas, Missouri, Arizona and Alaska while earning a national reputation as an industry leader in cutting edge, concierge, and comprehensive men’s primary healthcare. The Epoch Health business model centers on preventive care by educating men and their families about general wellness while matching their symptoms with appropriate medical treatments, regular screenings and lifestyle modifications that most often leads to a healthier, happier, improved quality of life.
About Kayne NewRoad Ventures Fund II, L.P.
Kayne NewRoad Ventures Fund II, L.P. is a joint venture between NewRoad Capital Partners, LLC and Kayne Anderson Capital Advisors, L.P. The Fund was formed to create and target demand-driven businesses with strong management teams in targeted market niches with operational expertise and capital to achieve outsized growth. The fund focuses on markets including retail, consumer packaged goods, supply chain and logistics, consumer healthcare, environmental and U.S. manufacturing. The fund is co-managed by Kayne Anderson Capital Advisors, L.P., and NewRoad Capital Partners, LLC.
Kayne Anderson Capital Advisors, L.P., founded in 1984, is a leading independent alternative investment management firm focused on niche investing in upstream oil and gas companies, energy infrastructure, specialized real estate, middle market credit, and growth private equity. Kayne Anderson manages over $23 billion in assets for institutional investors, family offices, high net worth and retail clients and employs over 300 professionals in eight offices across the United States.
NewRoad Capital Partners, LLC is a venture and growth equity firm focused on investing in technology-enabled businesses with an emphasis on retail, consumer packaged goods, supply chain, data, health and wellness, and U.S. manufacturing. NewRoad is based in Bentonville, Arkansas, the epicenter of retail, supply-chain, and logistics and is currently investing out of its second fund.