Our investors – which include 70 of the most progressive and influential not-for-profit senior living systems in the country – will benefit from having access to Civic and using their services to prepare for a bundled payment and...
Chicago, IL (PRWEB) October 24, 2014
The Ziegler Link•age Longevity Fund, L.P. (the Fund) is pleased to announce today the closing of its second investment. The Fund has recently closed an equity investment in Civic Health (Civic). Civic is a Nashville, TN based provider of community-based information technology solutions for healthcare and social services organizations. Civic was founded in 2010 and operates on the belief that meaningful healthcare reform begins at the local community level.
John Hopper, Chief Investment Officer of the Fund stated, “In today’s evolving world of healthcare, being able to track patient interactions and outcomes across both the clinical and non-clinical aspects of their care is critically important.” Hopper continued, “We look forward to working with Civic as they deliver their product.”
The Civic investment represents the second investment by the Fund since it’s formation in June of 2014. The Fund is one of the first to focus exclusively on the aging market and companies that provide innovative products, services and technologies to meet the growing needs of seniors and senior living providers in this changing era of healthcare reform.
Civic’s software platform bridges the gap between healthcare providers and social services, enabling comprehensive, cost-effective care coordination and resource management. Communities, hospitals, accountable care organizations (ACO) and patient-centered medical homes use Civic’s proven technology to coordinate community and social services, support patient compliance, ensure health services are delivered through the appropriate channels, and track individual and population health outcomes. The Civic solution set addresses the following issues, among others:
- Patient compliance
- Bundled Payments
- Risk management
- Emergency Department re-directs
Neil Borg, Chief Strategy Officer of the Fund stated, “Our investors – which include 70 of the most progressive and influential not-for-profit senior living systems in the country – will benefit from having access to Civic and using their services to prepare for a bundled payment and accountable care environment.”
Jeff Powell the owner and Founder of Civic added, “We are very excited to work with Ziegler and Link•age, and their investors, to continue to evolve the great company we have built into a leader in the healthcare and senior living worlds.”
Financial details of the investment were not disclosed.
ABOUT LINK•AGE VENTURES:
Link•age Ventures is an investment firm interested in investing in financially viable companies that provide products, services or technology to the aging marketplace. Link•age Ventures is a “hybrid” firm in that it will invest in traditional venture capital opportunities and more established companies that fit its investment criteria. Link•age Ventures looks to invest in companies that understand and can leverage the Link•Age network of 600 senior living communities and over 300,000 residents to grow their organizations.
The Ziegler Companies, Inc., together with its affiliates (Ziegler), is a specialty investment bank with unique expertise in complex credit structures and advisory services. Nationally, Ziegler is ranked as one of the leading investment banking firms in its specialty sectors of healthcare, senior living, religion, and education, as well as general municipal and structured finance. Headquartered in Chicago, IL with regional and branch offices throughout the U.S., Ziegler provides its clients with capital raising, corporate finance, FHA/HUD, strategic advisory services and research. Ziegler serves institutional and individual investors through its wealth management and capital markets distribution channels.
ABOUT CIVIC HEALTH:
Civic Health is a leader in providing community-based information technology solutions for healthcare and social services organizations. Founded in 2010 by a group of healthcare visionaries in Nashville, TN, the company operates on the belief that meaningful healthcare reform begins at the local community level. For more information, visit http://www.civichealth.com.
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