Health Integrated, a Tampa, Fla.-based targeted population health management company, has raised an undisclosed amount of funding from existing shareholder Stonehenge Growth Capital.
Stonehenge Growth Capital (“Stonehenge”), the venture capital, private equity and mezzanine financing group of Stonehenge Capital Company, LLC, announced today that it has made a follow-on investment in Health Integrated, Incorporated. The amount is not being disclosed.
Founded in 1996, Health Integrated is a pioneer in Targeted Population Health Management and an industry leader in addressing the critical interplay between physical, psychological and social health. Working with individuals struggling with psychosocial and physical health issues, through its Synergy Targeted Population Health Management(®) program, Health Integrated improves the overall health and quality of life of health plan members while reducing avoidable use and costs of the health care system. In addition to Synergy, the Company has received national accreditation for its behavioral and medical case management and health utilization management services. Health Integrated has experienced tremendous growth in recent years, providing its services to numerous major health plans throughout the United States, serving commercial, Medicaid and Medicare markets.
Stonehenge’s investment will fund additional product enhancement and working capital requirements associated with new customer contracts. “Despite a difficult macroeconomic environment, the team at Health Integrated has continued to perform exceptionally well,” said Steven Lux, Managing Director of Stonehenge’s Tampa office. “By expanding its Synergy platform offering and signing key contracts with many blue-chip health plans, Health Integrated has positioned itself as a leader in Targeted Population Health Management.”
The investment will fortify Health Integrated’s ability to continue to win and service contracts with top-tier health plans. “Our offerings enable our customers to simultaneously improve the lives of health plan members while lowering health care costs,” explained Shan Padda, Health Integrated’s Chief Executive Officer. “We enjoy working with Stonehenge, and are pleased that Stonehenge recognizes the potential of our Company to improve the lives of so many people while also reducing costs and delivering a great return on investment for our customers.”
“Supporting the continued growth of portfolio companies remains a critical component of Stonehenge’s investment philosophy,” added Lux. “We will also continue to look for unique opportunities to make new investments in companies that we think can generate outsized returns for our investors.” Stonehenge has made investments in 17 Florida-based companies since 1999 and remains active in the Florida venture capital community.
About Stonehenge Growth Capital
Stonehenge Growth Capital, LLC (“SGC”) manages over $677 million across venture capital, private equity and debt funds, operating out of five regional offices across the United States. SGC currently manages $80 million targeted to early growth equity opportunities. SGC’s equity investments focus predominantly on high potential technology-enabled services companies based in Texas, the Southeast, and Northeast. With operating offices and long-nurtured networks already in place in each region, Stonehenge Growth Capital combines a local presence with a national investment sophistication to continue their historically successful investment track record. For more information, visit www.StonehengeGC.com.
About Health Integrated
Health Integrated is a Targeted Population Health Management company dedicated to integrating health with life. Driven by a strong entrepreneurial culture, Health Integrated addresses the critical interplay between physical, psychological and social health. Working with health care providers, health plans and their members, Health Integrated drives improvements in health status, quality of life and clinical outcomes while reducing avoidable utilization and healthcare costs. For more information, visit www.healthintegrated.com.