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Venture Capital
lemhiventures.com

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Investments

28

Portfolio Exits

13

Funds

2

Partners & Customers

1

Service Providers

1

About Lemhi Ventures

Lemhi Ventures is a venture capital firm investing exclusively in the health care services industry.

Lemhi Ventures Headquarter Location

202 Water Street Suite 200

Excelsior, Minnesota, 55331,

United States

952-908-9680

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Latest Lemhi Ventures News

Central Logic Welcomes Jodi Hubler and Dr. Dennis Weaver to Board of Directors

Jul 17, 2018

July 17, 2018 10:56 AM Eastern Daylight Time SANDY, Utah--( BUSINESS WIRE )--Central Logic, the pioneer and leading innovator in transfer center software solutions, today announced the appointment of two new independent members to its Board of Directors: Jodi Hubler, Managing Director of Lemhi Ventures, and Dennis Weaver, MD, MBA, Chief Clinical Officer at Oscar Health. “Jodi and Dennis join the Central Logic board at a time when healthcare organizations are centralizing logistics functions into command centers as the industry moves to more value-based care operational and financial models,” states Angie Franks, Central Logic CEO. “Their collective experience with healthcare technology and services companies will provide valuable insights and perspectives as we continue to execute our strategy and build upon our leadership position in the transfer center market.” Jodi Hubler As Managing Director of Lemhi Ventures, Ms. Hubler leads a $335 million healthcare services venture capital fund involved with all phases of the investment cycle encompassing a broad range of companies across the health services ecosystem, including purveyors of health technology. She has vetted thousands of companies striving for innovation and transformation to the payer, provider and consumer markets. Ms. Hubler’s areas of expertise include strategic and capital planning, governance, founder transitions, financial analysis, talent acquisition, executive compensation, risk management, due diligence, regulatory issues and limited/general partner relations. Click here to read Ms. Hubler’s LinkedIn profile. “Central Logic’s Transfer Center solution affects both the mission and margin for hospital systems. I see this as technology that has a direct impact on patient care by significantly reducing the time it takes in highly critical situations to deliver the appropriate medical response,” says Ms. Hubler. “Plus, this solution drives a very tangible and impressive return on investment for health systems. I’m thrilled to be involved with Central Logic.” Dennis Weaver, MD, MBA Dr. Weaver brings more than 25 years of healthcare and management experience to the Central Logic Board. In his current position as Chief Clinical Officer at Oscar Health, he oversees provider integrations, clinical services and customer care. Dr. Weaver has served in a variety of other executive and medical positions with numerous organizations, including Executive Vice President and Chief Medical Officer for The Advisory Board Company. Earlier in his career, he practiced medicine (OB/GYN) and oversaw medical staff at Scott Medical Health Center and Whiteman Hospital. He’s a nationally recognized expert and frequent speaker on population health management, accountable care organizations and patient-centered medical homes. Click here to read Dr. Weaver’s LinkedIn profile. “It’s been my lifelong passion to fulfill the ‘quadruple aim’ — improving the patient care experience, improving the health of populations, improving the work life of clinicians and staff, and reducing the per capita cost of healthcare,” says Dr. Weaver. “I’m impressed with how closely Central Logic aligns with these objectives. I’m certainly looking forward to being associated with such a forward-thinking and growth-oriented organization.” In addition to Ms. Hubler and Dr. Weaver, current members of the Central Logic Board of Directors are: Paul Brown (Chair), Angie Franks, Scott Frazier, Joe Kaiser and Ryan Pollock. About Central Logic Central Logic’s inventive Transfer Center solution helps hospitals grow revenue, reduce leakage, compete in an ever-changing market, and ensure the best outcomes through a higher level of service and a better patient experience. Transfer Center’s actionable real-time data and analytics enable users to make efficient, informed decisions as they refer, admit, and move patients in, through, and out of the health system. Founded in Utah in 2005, Central Logic is an industry leader with a 95% customer retention rate. The company has been named a “fastest growing private company” by both Inc. 500 and Utah Business Magazine. For more information, visit www.centrallogic.com .

Lemhi Ventures Investments

28 Investments

Lemhi Ventures has made 28 investments. Their latest investment was in Bind Benefits as part of their Series A - II on June 6, 2018.

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Lemhi Ventures Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

6/28/2018

Series A - II

Bind Benefits

$10M

No

1

3/20/2018

Series D - II

Digital Reasoning Systems

$30M

No

5

2/20/2018

Series A

Bind Benefits

$60M

No

1

11/21/2017

Seed VC

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$99M

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10

7/11/2017

Pre-Seed

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$99M

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10

Date

6/28/2018

3/20/2018

2/20/2018

11/21/2017

7/11/2017

Round

Series A - II

Series D - II

Series A

Seed VC

Pre-Seed

Company

Bind Benefits

Digital Reasoning Systems

Bind Benefits

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Amount

$10M

$30M

$60M

$99M

$99M

New?

No

No

No

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Co-Investors

Sources

1

5

1

10

10

Lemhi Ventures Portfolio Exits

13 Portfolio Exits

Lemhi Ventures has 13 portfolio exits. Their latest portfolio exit was Digital Reasoning Systems on November 10, 2020.

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

11/10/2020

Acquired

1

12/4/2019

Acquired

1

3/25/2019

Acq - Fin

2

00/00/0000

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10

00/00/0000

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$991

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10

Date

11/10/2020

12/4/2019

3/25/2019

00/00/0000

00/00/0000

Exit

Acquired

Acquired

Acq - Fin

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Companies

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Valuation

$991

Acquirer

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Sources

1

1

2

10

10

Lemhi Ventures Fund History

2 Fund Histories

Lemhi Ventures has 2 funds, including Lemhi Ventures Fund II LP.

Closing Date

Fund

Fund Type

Status

Amount

Sources

6/22/2012

Lemhi Ventures Fund II LP

Multi-Stage Venture Capital

$150M

1

5/31/2006

Lemhi Ventures Fund I LP

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$99M

10

Closing Date

6/22/2012

5/31/2006

Fund

Lemhi Ventures Fund II LP

Lemhi Ventures Fund I LP

Fund Type

Multi-Stage Venture Capital

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Status

Amount

$150M

$99M

Sources

1

10

Lemhi Ventures Partners & Customers

1 Partners and customers

Lemhi Ventures has 1 strategic partners and customers. Lemhi Ventures recently partnered with PlanSource on .

Date

Type

Business Partner

Country

News Snippet

Sources

Partner

PlanSource

United States

Written by Staff Writer. Powered by Web Marketing. Home Regional News Central Florida News. Orlando's PlanSource Scores $12 Million from Lemhi Ventures - Florida Technology Journal

`` We 're pleased to be able to use this strategic investment from Lemhi Ventures to grow our relationships with both the national healthcare companies and the businesses they serve , '' said Dayne Williams , CEO of PlanSource .

1

Date

Type

Partner

Business Partner

PlanSource

Country

United States

News Snippet

Written by Staff Writer. Powered by Web Marketing. Home Regional News Central Florida News. Orlando's PlanSource Scores $12 Million from Lemhi Ventures - Florida Technology Journal

`` We 're pleased to be able to use this strategic investment from Lemhi Ventures to grow our relationships with both the national healthcare companies and the businesses they serve , '' said Dayne Williams , CEO of PlanSource .

Sources

1

Lemhi Ventures Service Providers

1 Service Provider

Lemhi Ventures 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

Lemhi Ventures Team

3 Team Members

Lemhi Ventures has 3 team members, including current Managing Partner, Tony Miller.

Name

Work History

Title

Status

Tony Miller

Managing Partner

Current

Anthony Miller

Managing Director

Current

Jodi Hubler

Chief Executive Officer

Former

Name

Tony Miller

Anthony Miller

Jodi Hubler

Work History

Title

Managing Partner

Managing Director

Chief Executive Officer

Status

Current

Current

Former

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