December 4, 2017
New Growth Equity Firm Steps Up to the Plate for Health Services Companies
Entrepreneurs take note: There’s a new – and sizable – investor on the health services scene.
PE veterans Diane Daych and Mark Brooks have formed Granite Growth Health Partners – a growth equity firm focused exclusively on the health services sector.
Daych, formerly with Apple Tree Partners, and Brooks, co-founder of MMC Health Services and Scale Venture Partners, are looking to invest $10 million to $50 million in growth equity into established health services companies with the potential to grow into industry darlings. Daych and Brooks have legit operating chops and well-earned knowledge of what it takes to grow a health services company. Between the two of them, they’ve created billions of dollars’ worth of exit value. Not bad, right?
Granite Growth starts with an impressive portfolio of four health services companies, three of which are Nashville-based. So far, they have drug and alcohol treatment company CleanSlate Addiction Treatment Centers, which recently relocated its HQ to Nashville and is led by Greg Marotta; dermatology roll up QualDerm Partners, which is led by Bill Southwick; and TripleCare., a NY-based telemedicine provider. They’re also a passive investor in Michael Burcham’s palliative care company, Narus Health.
Joining Daych and Brooks as a venture partner is Paul Brown, the co-founder of the BlueCross BlueShield corporate venture funds at Chicago-based Sandbox Industries
So, it’s batter up. And this heavy-hitter is looking for homeruns.