Investments
46Portfolio Exits
12Funds
6Service Providers
1About HealthQuest Capital
HealthQuest Capital is a private asset firm that currently provides growth capital to transformative companies that are improving value in the healthcare system. It is agnostic to the underlying healthcare modality or sector as long as the opportunity is commercialized and either improves patient outcomes or increases efficiency of healthcare delivery at scale. This could be in medical products, diagnostics/tools, healthcare IT, or healthcare services. The firm was founded in 2013 and is based in Belmont, California.
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Research containing HealthQuest Capital
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CB Insights Intelligence Analysts have mentioned HealthQuest Capital in 1 CB Insights research brief, most recently on May 3, 2022.
Latest HealthQuest Capital News
Sep 1, 2022
September 1, 2022 In this episode, we speak with Garheng Kong, Managing Partner and Founder of HealthQuest Capital, a leading healthcare focused growth equity firm. HealthQuest invests in commercial stage innovations across the healthcare spectrum from medical devices and technologies to biopharma and diagnostics, and beyond. Garheng founded HealthQuest in 2012. He is a physician, scientist, and engineer by training, and has over two decades of experience investing in innovative healthcare companies with a long list of successes including 28 IPO and M&A exits. Garheng received undergraduate degrees in both Chemical Engineering and Biological Sciences from Stanford, while on an athletic scholarship. He then earned a MD, PhD and MBA from Duke University, graduating at the top of his class in each instance. His early career included stints at GlaxoSmithKline, McKinsey and a medical device start-up, TherOx, before joining Intersouth Partners and then Sofinnova Investments. Garheng was recognized by GrowthCap as a Top 25 Healthcare Investor of 2022.
HealthQuest Capital Investments
46 Investments
HealthQuest Capital has made 46 investments. Their latest investment was in Trice Medical as part of their Unattributed VC on October 10, 2022.
HealthQuest Capital Investments Activity
Date | Round | Company | Amount | New? | Co-Investors | Sources |
|---|---|---|---|---|---|---|
10/28/2022 | Unattributed VC | Trice Medical | $7.3M | No | 1 | |
6/27/2022 | Series D - II | Nomad Health | $75M | Yes | 3 | |
1/25/2022 | Series D | Magnolia Medical Technologies | $46M | No | 2 | |
11/25/2021 | Series D | |||||
9/9/2021 | Series G |
Date | 10/28/2022 | 6/27/2022 | 1/25/2022 | 11/25/2021 | 9/9/2021 |
|---|---|---|---|---|---|
Round | Unattributed VC | Series D - II | Series D | Series D | Series G |
Company | Trice Medical | Nomad Health | Magnolia Medical Technologies | ||
Amount | $7.3M | $75M | $46M | ||
New? | No | Yes | No | ||
Co-Investors | |||||
Sources | 1 | 3 | 2 |
HealthQuest Capital Portfolio Exits
12 Portfolio Exits
HealthQuest Capital has 12 portfolio exits. Their latest portfolio exit was Lunit on July 21, 2022.
Date | Exit | Companies | Valuation Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. | Acquirer | Sources |
|---|---|---|---|---|---|
7/21/2022 | IPO | Public | 2 | ||
11/16/2021 | Acquired | 3 | |||
8/6/2021 | Acquired | 15 | |||
Date | 7/21/2022 | 11/16/2021 | 8/6/2021 | ||
|---|---|---|---|---|---|
Exit | IPO | Acquired | Acquired | ||
Companies | |||||
Valuation | |||||
Acquirer | Public | ||||
Sources | 2 | 3 | 15 |
HealthQuest Capital Fund History
6 Fund Histories
HealthQuest Capital has 6 funds, including HealthQuest Partners IV.
Closing Date | Fund | Fund Type | Status | Amount | Sources |
|---|---|---|---|---|---|
5/17/2022 | HealthQuest Partners IV | $675M | 2 | ||
10/30/2019 | HealthQuest Ajax III SPV | ||||
5/31/2019 | HealthQuest Ajax II SPV | ||||
4/3/2019 | HealthQuest Partners III | ||||
3/15/2016 | HealthQuest Partners II |
Closing Date | 5/17/2022 | 10/30/2019 | 5/31/2019 | 4/3/2019 | 3/15/2016 |
|---|---|---|---|---|---|
Fund | HealthQuest Partners IV | HealthQuest Ajax III SPV | HealthQuest Ajax II SPV | HealthQuest Partners III | HealthQuest Partners II |
Fund Type | |||||
Status | |||||
Amount | $675M | ||||
Sources | 2 |
HealthQuest Capital Service Providers
1 Service Provider
HealthQuest Capital has 1 service provider relationship
Service Provider | Associated Rounds | Provider Type | Service Type |
|---|---|---|---|
Counsel | General Counsel |
Service Provider | |
|---|---|
Associated Rounds | |
Provider Type | Counsel |
Service Type | General Counsel |
Partnership data by VentureSource
HealthQuest Capital Team
1 Team Member
HealthQuest Capital has 1 team member, including current Founder, Managing Partner, Garheng Kong.
Name | Work History | Title | Status |
|---|---|---|---|
Garheng Kong | Sofinnova Ventures, and InterSouth Partners | Founder, Managing Partner | Current |
Name | Garheng Kong |
|---|---|
Work History | Sofinnova Ventures, and InterSouth Partners |
Title | Founder, Managing Partner |
Status | Current |
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