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Growth Equity
healthquestcapital.com

Investments

46

Portfolio Exits

12

Funds

6

Service Providers

1

About 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.

Headquarters Location

1301 Shoreway Rd, Suite 350

Belmont, California, 94002,

United States

650-681-8424

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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

Top Healthcare Investor: HealthQuest’s Garheng Kong

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.

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HealthQuest Capital Investments Activity

investments chart

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

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$99M

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10

9/9/2021

Series G

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$99M

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10

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

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Amount

$7.3M

$75M

$46M

$99M

$99M

New?

No

Yes

No

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Co-Investors

Sources

1

3

2

10

10

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

$99M

Public

2

11/16/2021

Acquired

$99M

3

8/6/2021

Acquired

$99M

15

1/5/2021

Acquired

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$99M

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10

10/1/2020

IPO

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$99M

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10

Date

7/21/2022

11/16/2021

8/6/2021

1/5/2021

10/1/2020

Exit

IPO

Acquired

Acquired

Acquired

IPO

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Acquirer

Public

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Sources

2

3

15

10

10

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

$99M

10

5/31/2019

HealthQuest Ajax II SPV

$99M

10

4/3/2019

HealthQuest Partners III

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$99M

10

3/15/2016

HealthQuest Partners II

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$99M

10

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

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Status

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Amount

$675M

$99M

$99M

$99M

$99M

Sources

2

10

10

10

10

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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