About Vanguard Health Systems
Vanguard Health Systems is an operator of regionally-focused integrated healthcare delivery networks with significant presence in several large and attractive markets. It's hospitals, which together with strategically-aligned outpatient facilities and related businesses, allow the company to provide a complete range of services in the communities it serves. In certain markets, Vanguard also operates health plans believed to complement and enhance its market position and provide expertise believed to be increasingly important as the healthcare market evolves. In October 2013, Vanguard Health Systems was acquired by Tenet Healthcare. The valuation of Vanguard Health Systems was $1.8 billion, plus the assumption of $2.5 billion debt. Other terms of the deal were not released.
Latest Vanguard Health Systems News
Aug 9, 2021
Reimagine Care's $25MM raise includes Martin Ventures, Sante, LRV By Milt Capps VANGUARD Health veterans, VC Martin Ventures and other allies have teamed to support a $25MM raise for Reimagine Care Inc. , which describes itself as partnering with healthcare systems and independent oncologists to support value-based oncology care delivery in community settings. The year-old startup's filing also reports participation by VC firm LRV Health (Boston) and Sante Ventures (Austin). Sante is represented on Reimagine's board by Doug French , while LRV is represented by Keith Figlioli . VNC notes the possibility that the overall $25MM round could be close to completion. Among other things, the Tennessee corporate registry online shows what seem to be related entities registered as Reimagine Care SP LLC; and, Reimagine Care SP I LLC. Our research further suggests that a larger share of the overall round was secured as early as 4Q 2020. This story will be updated, as warranted. Reimagine Care's co-founder and vice chairman is Nashville-based Devin Carty , who served in several roles within Vanguard Health Systems while that company was led by its founder, Charlie Martin , who is also the founder and chairman of Martin Ventures. Aaron Gerber Reimagine Co-founder CEO Aaron Gerber MD MBA also did a tour with Vanguard, where he was SVP for strategy and business development in the Chicago market, before stepping-away not long before Vanguard's sold to Tenet Healthcare in a transaction valued at $4.3BN, including assumption of debt. Gerber continues to work from Chicago. Gerber's LinkedIn profile explains the company's vision, saying, "The cost of cancer care in the US is [approximately] $175 billion per year and projected to grow to $250 billion by 2030." Gerber then explains, "At the same time, the high degree of care variation, racial disparities particularly in access to precision medicine and clinical trials, and lack of patient-centricity leads to significant opportunities to reduce costs, improve quality, and deliver a much better and convenient patient experience. "Reimagine Care partners with HC systems and independent physician oncology practices to support the delivery of value-based oncology care in the community. "We do this by providing the people, processes, and a robust technology platform that enables the scalable and effective delivery of high-quality, patient-centric, lower cost cancer care across multiple sites of care, including the home," said Gerber. Barbara Cannon MBA of Nashville is the company's COO and previously served in executive roles with NuSirt; ClinTrials Research; and, Celeris Corp. Jeff Chester, whose career has included roles with WebMD , GE Healthcare and others is the company's chief commercial officer. Daniel Goodman joined Reimagine in Nashville two months ago as VP for commercial operations, according to his LinkedIn . Goodman's earlier experience includes roles with Martin Ventures portfolio company Trilliant, and with Clariture, a startup that was melded into Trilliant through a Trilliant acquisition. Reimagine Care Inc. was registered nearly a year ago in Delaware, and was registered in Tennessee about four months ago. The startup's principal place of business is within the offices of Martin Ventures in Nashville's Green Hills. The Reimagine site is here . VNC . last edited 1645 9 August 2021
Vanguard Health Systems Frequently Asked Questions (FAQ)
When was Vanguard Health Systems founded?
Vanguard Health Systems was founded in 1997.
Where is Vanguard Health Systems's headquarters?
Vanguard Health Systems's headquarters is located at 20 Burton Hills Boulevard, Nashville.
What is Vanguard Health Systems's latest funding round?
Vanguard Health Systems's latest funding round is Acq - P2P.
How much did Vanguard Health Systems raise?
Vanguard Health Systems raised a total of $77.1M.
Who are the investors of Vanguard Health Systems?
Investors of Vanguard Health Systems include Tenet Healthcare, Blackstone and Metalmark Capital.