Salix Ventures

Salix Ventures was a private equity firm founded in 1997 and based in Nashville, Tennessee, specializing in investments within the healthcare services and healthcare information technology sectors. The firm focused on companies that had an established operational base and required capital for growth, typically investing between $2.5 million and $7 million per company, with an emphasis on provider-based businesses and outsourced services for healthcare payors and pharmaceutical companies. Salix Ventures preferred to co-invest alongside other institutional investors and sought opportunities where a capable Chief Executive Officer was already in place to guide the company. Although stage-agnostic, the firm did not engage in seed-stage investments and instead aimed for companies with a demonstrated proof of concept. Salix Ventures ceased operations on January 25, 2019.

Chris Grant

General Partner

22 past transactions

Vericare

Series B in 2007
Vericare Management Inc. specializes in providing behavioral healthcare and wellness programs tailored for elderly patients in skilled nursing facilities and long-term care environments across the United States. Founded in 1991 and based in San Diego, California, the company offers a range of services including neuropsychological assessments, individual psychotherapy, psychotropic medication management, behavior management, rehabilitation support, family therapy, and group therapy. Vericare operates in several states, including California, Pennsylvania, Texas, New Jersey, Florida, Indiana, Delaware, Tennessee, and North Carolina, by partnering with long-term care facilities to deliver compassionate, multidisciplinary behavioral interventions. Formerly known as Senior Psychology Services Inc., Vericare is a subsidiary of Med Options, Inc.

Vantage Oncology

Series D in 2007
Vantage Oncology, Inc., offers a comprehensive development, implementation and management solution for radiation oncology. The company was created in response to the growing need among cancer patients, hospitals and physicians for accessible and advanced radiation treatment therapies. Vantage encourages joint venture ownership opportunities that empower physicians to maintain control of their practice while leveraging the strength of the company's network. Vantage also provides joint venture ownership opportunities for hospitals interested in maximizing the significant benefits created by a strong radiation oncology department.

Vericare

Series B in 2006
Vericare Management Inc. specializes in providing behavioral healthcare and wellness programs tailored for elderly patients in skilled nursing facilities and long-term care environments across the United States. Founded in 1991 and based in San Diego, California, the company offers a range of services including neuropsychological assessments, individual psychotherapy, psychotropic medication management, behavior management, rehabilitation support, family therapy, and group therapy. Vericare operates in several states, including California, Pennsylvania, Texas, New Jersey, Florida, Indiana, Delaware, Tennessee, and North Carolina, by partnering with long-term care facilities to deliver compassionate, multidisciplinary behavioral interventions. Formerly known as Senior Psychology Services Inc., Vericare is a subsidiary of Med Options, Inc.

Vantage Oncology

Series C in 2006
Vantage Oncology, Inc., offers a comprehensive development, implementation and management solution for radiation oncology. The company was created in response to the growing need among cancer patients, hospitals and physicians for accessible and advanced radiation treatment therapies. Vantage encourages joint venture ownership opportunities that empower physicians to maintain control of their practice while leveraging the strength of the company's network. Vantage also provides joint venture ownership opportunities for hospitals interested in maximizing the significant benefits created by a strong radiation oncology department.

Habit OPCO

Venture Round in 2006
Habit OPCO is a healthcare company that specializes in providing medication-assisted treatment services for individuals struggling with opiate addiction. Operating from 20 established locations and two mobile units across Massachusetts, Vermont, New Jersey, New Hampshire, and Pennsylvania, the company offers a combination of medication and counseling to support recovery. Habit OPCO is dedicated to addressing the challenges of opiate addiction by delivering comprehensive care tailored to the needs of its patients.

Aethon

Series D in 2005
Aethon Inc. develops autonomous mobile delivery robot systems that enhance logistics within hospitals by transporting medications, meals, and materials. The company's flagship product, TUG, is an automated robotic delivery system that efficiently manages both scheduled and on-demand deliveries across various hospital departments. TUG employs RFID technology for effective asset tracking and can also handle trash removal. Aethon offers additional software solutions such as MedEx, which maintains chain-of-custody control for medication deliveries, and MedSafe, which oversees order preparation and courier tracking. Other products include TraySafe for medication replenishment and TubeSafe to prevent missing doses. Aethon's Intralogistics platform automates the movement of materials within healthcare facilities, improving operational efficiency and patient satisfaction. Founded in 1997 and based in Pittsburgh, Pennsylvania, Aethon was formerly known as Probotics Inc. and rebranded in 2001.

Vantage Oncology

Series C in 2005
Vantage Oncology, Inc., offers a comprehensive development, implementation and management solution for radiation oncology. The company was created in response to the growing need among cancer patients, hospitals and physicians for accessible and advanced radiation treatment therapies. Vantage encourages joint venture ownership opportunities that empower physicians to maintain control of their practice while leveraging the strength of the company's network. Vantage also provides joint venture ownership opportunities for hospitals interested in maximizing the significant benefits created by a strong radiation oncology department.

Radiant Research

Venture Round in 2004
Radiant Research, Inc. is a comprehensive clinical research and development company serving the biopharmaceutical, medical device and consumer products industries for over 22 years. Radiant employs the skills of more than 500 clinical research professionals exclusively focused on providing professional, high quality study conduct and drug development services. With over 75 research sites and more than 100 Principal Investigators, incorporating both stand-alone facilities as well as physician based centers; they are the country’s largest wholly-owned network of clinical trial sites with fully integrated quality systems and a database of over 2.5 million participants. Radiant has conducted more than 14,000 clinical trials across a variety of therapeutic areas. Their centers all have DEA certification for schedule II-V drugs and have CLIA waivers or CLIA PPMP (Provider Performed Microscopy Procedures) certifications to accommodate on-site lab testing. Additionally, all centers are self-identified with the FDA in support of the new requirements related to the Generic Drug User Fee Amendment (GDUFA). Staff at all of their centers routinely complete GCP and Human Protections training, IATA certification and ongoing training in a multitude of continuing clinical research education topics. Training documentation can be provided upon request for any individual staff member.

Vantage Oncology

Series B in 2004
Vantage Oncology, Inc., offers a comprehensive development, implementation and management solution for radiation oncology. The company was created in response to the growing need among cancer patients, hospitals and physicians for accessible and advanced radiation treatment therapies. Vantage encourages joint venture ownership opportunities that empower physicians to maintain control of their practice while leveraging the strength of the company's network. Vantage also provides joint venture ownership opportunities for hospitals interested in maximizing the significant benefits created by a strong radiation oncology department.

Trilogy Health Services

Private Equity Round in 2004
Trilogy Health Services is a provider of health and hospitality services for seniors, focusing on enhancing the quality of life for elderly individuals. The company offers a range of services, including assisted living, personal care, memory care, nursing, rehabilitation, respite care, adult day services, and independent living. By delivering therapeutic and medical services, Trilogy aims to foster independence among its residents, supporting them in achieving their personal goals and desired outcomes.

Psychiatric Solutions

Series A in 2003
Psychiatric Solutions, Inc. provides inpatient behavioral health care services in the United States. The company offers its services for children, adolescents, and adults through acute inpatient behavioral health care facilities and residential treatment centers. Its services include 24-hour nursing observation and care, daily interventions and oversight by a psychiatrist, and coordinated treatment by a physician-led team of mental health professionals. The company also provides contract management and a managed care plan, which involve the development, organization, and management of behavioral health care and rehabilitation programs within medical/surgical hospitals. As of December 31, 2009, it owned and leased 94 inpatient behavioral health care facilities with approximately 11,000 beds in 32 states, Puerto Rico, and the U.S. Virgin Islands. The company was founded in 1988 and is based in Franklin, Tennessee. As of November 15, 2010, Psychiatric Solutions, Inc. operates as a subsidiary of Universal Health Services Inc.

Vantage Oncology

Series A in 2002
Vantage Oncology, Inc., offers a comprehensive development, implementation and management solution for radiation oncology. The company was created in response to the growing need among cancer patients, hospitals and physicians for accessible and advanced radiation treatment therapies. Vantage encourages joint venture ownership opportunities that empower physicians to maintain control of their practice while leveraging the strength of the company's network. Vantage also provides joint venture ownership opportunities for hospitals interested in maximizing the significant benefits created by a strong radiation oncology department.

IntelliCare

Series B in 2002
Providing 24-hour healthcare these days is a tough balancing act. Don't perform without a safety net you can trust. At IntelliCare, they know the ropes. They're a management company for medical call centers, and they work closely with health systems, provider networks and physician groups to make their operations a success. They offer experience, flexibility, commitment -- and a wide range of 24-hour telephonic and Web-based medical call center services that let you focus on what you do best. Making people feel better.

U.S. HealthWorks

Series C in 2001
U.S. Healthworks Holding Company, Inc. provides medical services. U.S. Healthworks Holding Company, Inc. is based in Valencia, California.

Ican

Venture Round in 2000
Ican Inc., is a provider of Internet-based information and tools for health professionals.

Ican

Venture Round in 2000
Ican provides Internet-based information and tools for health professionals.

IntelliCare

Venture Round in 2000
Providing 24-hour healthcare these days is a tough balancing act. Don't perform without a safety net you can trust. At IntelliCare, they know the ropes. They're a management company for medical call centers, and they work closely with health systems, provider networks and physician groups to make their operations a success. They offer experience, flexibility, commitment -- and a wide range of 24-hour telephonic and Web-based medical call center services that let you focus on what you do best. Making people feel better.

SemperCare

Pre Seed Round in 2000
SemperCare operates 17 long-term acute care hospitals in 11 states.

W3Health

Venture Round in 2000
W3Health is a software solution firm focused on addressing the information needs of managed healthcare organizations. Its primary product, w3 drs, empowers healthcare providers by transforming raw data into actionable insights, facilitating informed medical and financial management decisions. The company specializes in network and clinical management software that assists physicians and medical directors in making timely and accurate choices. W3Health's tools streamline the processes of data aggregation, integration, and warehouse creation, enabling clients to effectively clean, organize, and utilize various data sources, including pharmacy information and enrollment files. Through these innovative solutions, W3Health enhances data management capabilities within the healthcare sector.

Foodbuy

Series A in 2000
Foodbuy is a largest foodservice procurement organization in North America and the sole sourcing partner for their parent company, Compass Group North America. This gives us a serious advantage when negotiating contracts for their members, because the huge volume of the Compass Group business represents a huge opportunity, even for the biggest manufacturers in foodservice.

Pointshare

Series C in 1999
Pointshare is a national leader in connecting local healthcare communities with secure, online business services that enhance communication, create efficiencies, and improve the delivery of care. Pointshare is the only company that has developed the technology, infrastructure, and hands-on service to create a proven, practical solution for automating the day-to-day business transactions of healthcare.
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