Blue Heron Capital, a growth equity firm based in Richmond, Virginia, has announced its investment in a Series A round in ChartSpan Medical Technologies, Inc. The firm is part of a five-investor syndicate.
ChartSpan is the largest healthcare managed service provider of chronic care management programs in the U.S. ChartSpan offers healthcare providers a turn-key service for MIPS compliance, Chronic Care Management, and Annual Wellness Visits, allowing both patients and providers to see higher levels of engagement, better adherence to prescribed care paths, and better patient outcomes.
“This syndicate represents a seasoned group of venture firms who have deep healthcare experience,” said ChartSpan CEO, Jon-Michial Carter. “Blue Heron is unique in that it specializes in healthcare technology and services investments.” Blue Heron’s LPs are former healthcare executives, giving them access to a powerful network of healthcare decision makers.
“Most importantly, the venture firms we are partnering with are a cultural fit. Culture drives our success, and this syndicate group embraces our values and convictions. We couldn’t be more delighted to have such a strong group of investors supporting us.”
Tom Benedetti, Blue Heron Co-Founder and Managing Partner said, “We firmly believe people make the difference in building great companies. Therefore, we only invest in companies where we have deep, relevant experience and can play an active role in the oversight of the business. ChartSpan represents an attractive opportunity for Blue Heron, and we are excited to partner with Jon-Michial and the rest of the ChartSpan team.”
ChartSpan is the largest, managed service provider of chronic care management programs in the United States. The company provides turn-key, managed care coordination and compliance programs for doctors, clinics, and health systems. ChartSpan manages patient care coordination and value-based programs for more than 100 of the most successful practices and health systems in the United States.
About Blue Heron Capital
Blue Heron Capital is an operationally focused private equity firm investing in healthcare and technology-enabled business service companies. Blue Heron supports portfolio companies with a team of industry experts, including C-level executives and successful entrepreneurs with decades of experience building and managing vibrant businesses.