NASHVILLE, Tenn.–(BUSINESS WIRE)–Feb 3, 2021–
Integrative Health Centers, Inc. (IHC), a leading provider of specialized health care services, announced today it has raised a $2.95 million Series Seed round, led by FCA Venture Partners’ Health Innovations fund, with participation from Martin Ventures and founder Ryan Chapman. The funds will be used to help fuel the company’s growth and expand its offerings to clinics and communities across the US.
IHC provides healthcare services in underserved markets by partnering with group practices and medical centers to deliver specialized care via in-person and telehealth visits, which benefits the partner and the patient through enhanced access, coordination, and continuity of care. IHC’s method of integration and service delivery improves operational efficiency, creates additional, incremental revenue for its partners, and is specifically designed to work with patients and practices that focus on the Medicaid and Medicare population in underserved areas.
IHC is currently providing mental health and addiction medicine services to underserved markets in Indiana, Kentucky, Tennessee, Colorado and Georgia, and efforts are underway to extend to additional states.
“We are incredibly excited to partner with investors like FCA, Martin Ventures, and Ryan Chapman,” said Michael Stahl, CEO of IHC. “Each brings a wealth of expertise in healthcare operations and investing as well as a true spirit of partnership in helping IHC provide much needed health care to those most in need.”
“We were impressed from the start by the vision and mission of Michael and the IHC team,” said Andy Patton, Executive In Residence at FCA. “IHC is having a meaningful impact on the lives of underserved patients in multiple states, and we are privileged to work with them in advancing this mission as they partner with providers and clinics across the country.”
"IHC is positively impacting the outcomes, convenience, and experience for psychiatric, behavioral, and mental health patients living in rural and underserved communities," said Devin Carty, CEO of Martin Ventures. "We are excited to partner with the leadership team and other investors to scale IHC nationally through partnerships with Federally Qualified Health Clinics (FQHC), Rural Health Clinics (RHC), hospital emergency rooms, and directly to the patient’s home."
“I’m gratified at the support and enthusiasm of these two great partners,” said IHC Founder Ryan Chapman. “And I’m honored to collaborate with them to bring much-needed behavioral telehealth services to underserved individuals. Both FCA Venture Partners and Martin Ventures share my commitment to integrated healthcare solutions that transform lives through innovation and strategic use of resources.”
IHC provides healthcare services in underserved markets by partnering with group practices and medical centers to deliver specialized care via in-person and telehealth visits. IHC’s initial partnerships focus on providing psychiatric, behavioral health and addiction medicine service to rural Health Clinics (RHCs), FQHCs, Emergency Departments, and medical centers across the country. More information can be found at: www.myintegrativehealthcenters.com.
About FCA Health Innovations
FCA Health Innovations is a venture capital fund investing in Seed to Series A stage healthcare technology and technology-enabled healthcare services companies that improve patient care, reduce costs, and increase efficiency. FCA brings portfolio companies valuable healthcare insights, connections, and board-level experience to accelerate growth and build disruptive and sustainable businesses. Based in Nashville, the epicenter of healthcare innovation, with a strategic network in Charlotte and Winston-Salem, NC, our team has a decades-long track record including more than 60 investments in the rapidly changing healthcare industry.
About Martin Ventures
Martin Ventures is a healthcare-focused venture capital firm based in Nashville, TN, founded by healthcare operator, investor, and entrepreneur, Charlie Martin. Martin Venture focuses on building de novo companies and investing capital into growth-stage healthcare technology and technology-enabled services companies. For more information, visit www.martinventures.com.
View source version on businesswire.com:https://www.businesswire.com/news/home/20210203005088/en/
CONTACT: Devin Carty, CEO Martin Ventures
KEYWORD: TENNESSEE UNITED STATES NORTH AMERICA
INDUSTRY KEYWORD: MANAGED CARE HEALTH PRACTICE MANAGEMENT MENTAL HEALTH
SOURCE: Martin Ventures and Integrative Health Centers
Copyright Business Wire 2021.
PUB: 02/03/2021 08:00 AM/DISC: 02/03/2021 08:01 AM
NASHVILLE, Tenn.–(BUSINESS WIRE)–Feb 3, 2021–