Ethiopian Review

Care Dynamix, a provider of nationwide preventative health services like in-school vaccination programs, has raised $7 million from H.I.G. Ventures.

PRESS RELEASE

H.I.G. Ventures, LLC, the venture capital affiliate of H.I.G. Capital, today announced its $7 million growth capital investment in Care Dynamix (d/b/a FluBusters). Care Dynamix provides nationwide preventative healthcare services, including vaccination programs and wellness screenings for schools, government agencies, corporations, retail businesses, religious groups, unions and professional associations.

“Our equity investment in Care Dynamix comes at a time when we are seeing increased demand for these types of services in communities across the country in order to expand the reach of critical immunization programs and protocols, as well as aggressive, new medical developments that are fueling overall growth of the healthcare industry,” commented Craig Burson, Managing Director at H.I.G. Ventures. “The global attention to new outbreaks, such as the H1N1 flu virus, has accelerated the interest and demand of schools, government agencies, corporations, religious groups and professional associations in preventative healthcare. The H.I.G. team is excited to be working with a top provider of onsite health and wellness services as it further expands its geographic reach and service offering.”

“We have a unique opportunity around the country to establish onsite vaccination clinics or complement existing planned immunization clinics,” commented Jim Greiff, President of Care Dynamix. “With established partnerships with the National Parent Teacher Association and the National Association of Elementary School Principals, Care Dynamix will provide flu clinics at thousands of public and private U.S. schools and provide onsite healthcare services alongside programs sponsored by state and local governments. Our partnership with H.I.G Ventures is an important step in our expansion and ability to meet rising demand, while ensuring clients receive the same personalized service that has been the hallmark of our founder’s family practice.”

- By admin | PE Hub News