Health Tech Incubator 25m’s Startup Portfolio Expanding
Nashville-based health technology startup incubator 25m Health announced that it launched six companies and invested in five more in its first year of operation.
The incubator was formed in November 2021 by a joint venture between Lifepoint Health, 25madison and Apollo Global Management (NYSE: APO). Its portfolio of startups all target enhancing the delivery of care across the healthcare continuum and advancing value-based care.
Here are the companies 25m Health has worked with through a combination of investment and incubation strategies:
- Eon – Navigation software powered by natural language processing that is focused on unlocking radiology reports.
- Keragon – An automation platform for healthcare that helps companies build enterprise-ready integrations and workflows via a no-code platform.
- Kouper Health – A discharge case management software for hospitals that facilitates transitional care management and enables value-based bundles.
- Midi – A virtual care clinic for women ages 40 and older, created by specialists in perimenopause and menopause.
- Operait – An operating room scheduling software powered by artificial intelligence.
- Swap Health – A software that makes weight loss and healthier living easy with simple, scientifically-proven behavior changes.
- Thrive Mobile – The world’s first mobile provider that makes healthcare easier and more affordable.
- Several stealth startup companies that are developing solutions to reduce nurse turnover and burnout; create a virtual hospital at home option for high-acuity cardiac patients; and improve behavioral health for seniors.
25m Health-backed companies are active in numerous hospitals and communities across the Lifepoint system, serving tens of thousands of patients.
“Healthcare is a very complex industry with multifaceted challenges and diverse stakeholders,” said Jessica Beegle, senior vice president and chief innovation officer of Lifepoint Health, in a statement. “Achieving both scale and speed as an entrepreneur in this sector can be tricky – particularly when collaborating with provider organizations. We’ve challenged ourselves to become the ‘best first customer’ for healthcare startups, by not only pairing entrepreneurs with subject matter experts from across our company to help refine their solutions to address the reality of healthcare on the ground, but also by creating a fast track to help them scale their solutions to support patients across our nationwide footprint.”
“We founded 25m Health because we believed that, in partnership with Lifepoint, we could build new companies with innovative solutions to complex healthcare problems,” explained Steven Price, co-founder and chief executive officer of 25madison, in a statement. “Our initial vision has come to life in more ways than we could have imagined. We have been able to pilot new technologies in diverse settings of care and test and refine new solutions with frontline providers. We are proud of the progress we have made in this first year and excited for opportunities ahead including continuing to scale the companies we’ve built to other health systems.”
The organization expanded its council of senior advisors with the addition of healthcare industry veteran Marcus Osborne to a bench that already included the following:
- Chris Altchek: Founder & CEO, Cadence
- Tara Bishop M.D., M.P.H.: Founder & General Partner, Black Opal Ventures
- John Chadwick: Partner, Claritas Capital
- Sahil Choudhry: Co-Founder, Stealth-mode Startup; Former Managing Director, Cigna Ventures
- Chris Sakalosky: Managing Director, Healthcare & Life Sciences, Google Cloud
- Dawn Whaley: President & Chief Marketing Officer, Sharecare
- Zach Zaro: Former CTO, Maven Clinic; Former CTO, quip
25m Health has co-invested alongside healthtech venture investors including Integrity Growth Partners, Frist Cressey Ventures, Felicis Ventures, Afore Capital, SemperVirens Venture Capital, CU Healthcare Innovation Fund, and Shields Health Innovations.
A focus for the 25m Health team in 2023 will be scaling new companies and solutions across the country in partnership with other healthcare systems.
