Heritage Group

Heritage Group, LLC, established in 1986, is a Nashville, Tennessee-based venture capital firm specializing in healthcare investments. It provides early-stage and growth capital, typically investing up to $15 million per company, with a preference for healthcare services, healthcare IT, and technology-enabled services sectors. The firm seeks board participation in its portfolio companies and has a track record of investing in, operating, and advising innovative healthcare businesses.

Sarah Ali

Analyst

Ben Burnside

Senior Associate

Franklin Garstin

Associate

David McClellan

General Partner

Rock Morphis

Managing Director and Co-Founder

Kevin Ryan

Vice President

Matt Tome

Vice President

Past deals in Mental Health

Upward Health

Series C in 2025
Upward Health Inc. is a specialty care coordination organization that focuses on home-based medical and behavioral care for individuals facing mental illness and substance abuse disorders. Established in 2017 and based in Providence, Rhode Island, the company collaborates with health plans and providers to ensure comprehensive support for patients with complex needs. By coordinating care among caregivers, primary care physicians, and various medical and behavioral health specialists, Upward Health aims to facilitate full recovery and safe transitions back to the community. The organization emphasizes hands-on, holistic care, which not only improves health outcomes for high-risk members but also reduces overall healthcare costs. Upward Health was previously known as BehaveCare Inc. before rebranding in July 2019.

Connections

Series B in 2023
Connections Health Solutions is the pioneer of 24/7 immediate access to comprehensive behavioral health care.

Valera Health

Venture Round in 2022
Valera Health, established in 2015, operates a behavioral healthcare platform focused on delivering personalized mental health services to individuals with a range of conditions from mild to severe, including depression and schizophrenia. The company integrates digital technology and data science with traditional clinical services to enhance patient outcomes and address the needs of hard-to-reach populations. By providing a comprehensive approach that combines therapy, medication, and continuous connectivity with care teams, Valera Health aims to offer efficient mental healthcare solutions, particularly for employers seeking to improve access to mental health support for their employees.

Upward Health

Series B in 2022
Upward Health Inc. is a specialty care coordination organization that focuses on home-based medical and behavioral care for individuals facing mental illness and substance abuse disorders. Established in 2017 and based in Providence, Rhode Island, the company collaborates with health plans and providers to ensure comprehensive support for patients with complex needs. By coordinating care among caregivers, primary care physicians, and various medical and behavioral health specialists, Upward Health aims to facilitate full recovery and safe transitions back to the community. The organization emphasizes hands-on, holistic care, which not only improves health outcomes for high-risk members but also reduces overall healthcare costs. Upward Health was previously known as BehaveCare Inc. before rebranding in July 2019.

Connections

Venture Round in 2021
Connections Health Solutions is the pioneer of 24/7 immediate access to comprehensive behavioral health care.

Upward Health

Venture Round in 2021
Upward Health Inc. is a specialty care coordination organization that focuses on home-based medical and behavioral care for individuals facing mental illness and substance abuse disorders. Established in 2017 and based in Providence, Rhode Island, the company collaborates with health plans and providers to ensure comprehensive support for patients with complex needs. By coordinating care among caregivers, primary care physicians, and various medical and behavioral health specialists, Upward Health aims to facilitate full recovery and safe transitions back to the community. The organization emphasizes hands-on, holistic care, which not only improves health outcomes for high-risk members but also reduces overall healthcare costs. Upward Health was previously known as BehaveCare Inc. before rebranding in July 2019.
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