Transactions
January 9 2018
Caravan Has Received Growth Capital From VSS
Company Description
Caravan Health is the market leading provider of value-based care (VBC) enablement services to hospitals and physician practices, enabling providers to qualify, participate and succeed under value-based payment models, with a focus on Medicare Accountable Care Organizations (ACO). Caravan drives change across clients’ operations via a collaborative model that allows clients to learn from each other, all enabled by Caravan’s practice improvement and data analytics teams that guide each client through ongoing improvement initiatives. Furthermore, nationwide workshops train clinicians and practice managers on population health and VBC competencies that attendees bring back to their practices to improve patient care and ultimately lower costs. The shift to VBC requires providers to have a fundamentally different set of capabilities in order to succeed in these complex programs, driving a significant need for Caravan’s capabilities and expertise. Caravan’s platform drives industry leading savings, care improvement metrics, and strong customer ROI. The Company’s ACO clients achieved more than $26M in savings in 2016, with average savings per patient more than five times the national average.
Objectives
TripleTree was engaged by Caravan Health to find a capital partner that would support the unique value proposition and exceptional growth opportunities of the business. TripleTree was chosen as the exclusive advisor to Caravan based on a deep understanding of many inter-related and highly complex healthcare industry drivers (e.g. Accountable Care Organizations, Population Health Management, MACRA, etc.). TripleTree successfully conveyed Caravan’s value proposition by highlighting the Company’s unique ability to help healthcare provider organizations succeed in their shift to value-based care.
Results
In a competitive process, Caravan realized a successful growth investment from Veronis Suhler Stevenson (“VSS”), which was attracted to the expertise and vision of Caravan’s management team, along with the company’s growth profile, strong customer relationships, proven results, and market position.
LEAD INVESTMENT BANKERS
Jason Grais
Jonathan Kiss
Company Description
Caravan Health is the market leading provider of value-based care (VBC) enablement services to hospitals and physician practices, enabling providers to qualify, participate and succeed under value-based payment models, with a focus on Medicare Accountable Care Organizations (ACO). Caravan drives change across clients’ operations via a collaborative model that allows clients to learn from each other, all enabled by Caravan’s practice improvement and data analytics teams that guide each client through ongoing improvement initiatives. Furthermore, nationwide workshops train clinicians and practice managers on population health and VBC competencies that attendees bring back to their practices to improve patient care and ultimately lower costs. The shift to VBC requires providers to have a fundamentally different set of capabilities in order to succeed in these complex programs, driving a significant need for Caravan’s capabilities and expertise. Caravan’s platform drives industry leading savings, care improvement metrics, and strong customer ROI. The Company’s ACO clients achieved more than $26M in savings in 2016, with average savings per patient more than five times the national average.
Objectives
TripleTree was engaged by Caravan Health to find a capital partner that would support the unique value proposition and exceptional growth opportunities of the business. TripleTree was chosen as the exclusive advisor to Caravan based on a deep understanding of many inter-related and highly complex healthcare industry drivers (e.g. Accountable Care Organizations, Population Health Management, MACRA, etc.). TripleTree successfully conveyed Caravan’s value proposition by highlighting the Company’s unique ability to help healthcare provider organizations succeed in their shift to value-based care.
Results
In a competitive process, Caravan realized a successful growth investment from Veronis Suhler Stevenson (“VSS”), which was attracted to the expertise and vision of Caravan’s management team, along with the company’s growth profile, strong customer relationships, proven results, and market position.
LEAD INVESTMENT BANKERS
Jason Grais
Jonathan Kiss
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