IVX Health, which provides outpatient infusion centers nationwide, completed a $100 million Series F minority investment from Great Hill Partners, a private equity firm that invests in high-growth, disruptive companies. Great Hill joins IVX Health’s existing investors including Linden Structured Capital, McKesson Ventures, Health Velocity Capital, and Nueterra Capital. IVX Health intends to use the funding to accelerate entry into new markets in 2022. Mark Taber, a managing director at Great Hill Partners, will join IVX Health’s Board of Directors.
IVX Health provides infusion and injection therapy for people with complex chronic conditions such as rheumatoid arthritis, Crohn’s disease, multiple sclerosis and other conditions. It operates 50 infusion centers across 16 markets to offer an alternative to hospital-based infusion and injection services. The company seeks to transform the consumer experience by providing a superior level of service in a cost-effective, convenient site of care. Its local centers offer guaranteed private suites, large flat screen TVs, high-speed Wi-Fi, leather recliners with chairs for guests, and flexible, on-demand scheduling, including evening and weekend appointments.
In addition to IVX Health, Great Hill’s portfolio of health care companies includes: RxBenefits, Quantum Health, Labor First, ParetoHealth, and Vatica Health. Great Hill Partners is a Boston-based private equity firm targeting investments of $25 million to $500 million in high-growth companies across the software, digital commerce, financial technology, health care, and digital infrastructure sectors. Over the past two decades, Great Hill has raised nearly $8 billion of commitments and invested in more than 75 companies, establishing an extensive track record of building long-term partnerships with entrepreneurs and providing flexible resources to help middle-market companies scale.
This was reported by IVX Health on September 21, 2021.
Contact information: Great Hill Partners, 200 Clarendon Street, 29th Floor, Boston, Massachusetts 02116; (617) 790 9400; Fax: (617) 790 940; Website: https://www.greathillpartners.com/contact