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Heritage Group Closes on $370 Million Fourth Fund
Heritage Group Closes on $370 Million Fourth Fund

Business Wire

time7 days ago

  • Business
  • Business Wire

Heritage Group Closes on $370 Million Fourth Fund

NASHVILLE, Tenn.--(BUSINESS WIRE)--Heritage Group, a healthcare-focused private equity firm, today announced the final closing of Heritage Healthcare Innovation Fund IV ('Fund IV' or the 'Fund') at over $370 million, marking another significant milestone in the firm's continued growth. Fund IV builds on Heritage Group's successful strategy of making minority and majority investments in solution-oriented, high-growth healthcare services and technology businesses that address the industry's most pressing challenges. Heritage Group's deep strategic engagement model ensures that their health system and payer limited partners add value throughout the investment lifecycle—from sourcing and diligence to portfolio company growth and commercialization. Share 'We are grateful for the continued support from our longtime investors and excited to welcome several new limited partners to Fund IV,' said Jesse Bland, Partner at Heritage Group. 'Their confidence reflects the strength of our strategic model and our ability to identify and scale businesses across some of the highest growth subsectors of the healthcare ecosystem.' Heritage is backed by leading healthcare organizations, including major health systems operating more than 800 hospitals, payers insuring over 75 million lives, and other key healthcare service providers. 'Our strategic investors aren't just capital providers—they're true partners in how we source, evaluate, and grow businesses,' said Bryan Bui, Partner at Heritage Group. 'We work hard to maintain a two-way dialogue with our limited partners, ensuring they have early and direct access to emerging innovation while also bringing their insights into every stage of our investment process.' Heritage Group's deep strategic engagement model ensures that their health system and payer limited partners add value throughout the investment lifecycle—from sourcing and diligence to portfolio company growth and commercialization. This strategic investment approach provides proprietary insights and real-time market intelligence, enabling Heritage to take a thematic approach to investing by targeting segments of the healthcare industry positioned for meaningful and sustained growth. 'Heritage enables us to engage directly with some of the most forward-thinking healthcare companies in the market,' said Tim Hingtgen, CEO of Community Health Systems. 'Their ability to surface emerging trends early, connect us with innovative solutions, and create meaningful opportunities for strategic collaboration across the ecosystem makes them a uniquely valuable partner.' Heritage Group's portfolio spans several high-impact themes including the shift to lower-cost sites of care, such as ambulatory infusion (TwelveStone) and home-based care (Upward Health); enabling value-based care through companies like Curana Health and Wellvana; supporting health systems through outsourced clinical services (Equum, a leader in teleICU and telenursing, and Shearwater Health, a clinical process outsourcer); and expanding access to care via platforms such as MDLIVE and Connections Health Solutions. 'Heritage has been an invaluable partner to our team—delivering strategic value well beyond capital,' said David Siegel, CEO of Nationwide Medical, a Heritage Group portfolio company. 'Their deep understanding of the healthcare landscape, collaborative approach, and strategic connectivity have helped us accelerate growth and expand our impact in meaningful ways.' About Heritage Group Heritage Group is a Nashville, Tennessee-based, healthcare-focused private equity firm with more than 40 years of experience financing and operating healthcare companies. Heritage has over $1 billion of assets under management and seeks to make majority and minority investments in high-growth healthcare services and healthcare technology businesses that address the challenges of the U.S. healthcare system. The firm's limited partners include some of the leading healthcare organizations in the nation, including large provider systems, payers, and healthcare service providers, which collectively operate over 800 hospitals and insure more than 75 million lives. For more information, visit

PracticeLink Announces Inaugural First Practice Fund Scholarship Recipients, Celebrating Six Inspiring Medical Journeys
PracticeLink Announces Inaugural First Practice Fund Scholarship Recipients, Celebrating Six Inspiring Medical Journeys

Yahoo

time17-06-2025

  • Health
  • Yahoo

PracticeLink Announces Inaugural First Practice Fund Scholarship Recipients, Celebrating Six Inspiring Medical Journeys

ST. LOUIS and HINTON, West Virginia, June 17, 2025 (GLOBE NEWSWIRE) -- PracticeLink, the nation's most trusted physician recruitment resource and home of the leading online physician job board, is proud to announce the recipients of its inaugural First Practice Fund, a biannual scholarship program designed to provide financial support to future healthcare leaders. Launched on National Doctors' Day, the First Practice Fund received an overwhelming response in its debut year, with hundreds of applicants sharing their powerful personal stories and professional aspirations. After careful evaluation, six extraordinary individuals have been selected to receive a $2,500 scholarship, one from each of the program's six focus categories, which included Internal Medicine, Hospital-based Medicine, Primary Care, Rural Medicine, Medical Students and Advanced Practice Providers. Spring 2025 First Practice Fund Recipients: Bryan Bui, DO Alejandro Nieto Dominguez, MD Sarah Eichinger, DO Margaret Giggey Dilpreet Singh, MD Jill Wenger, PA Among the recipients is Dr. Sarah Eichinger, who chose to divide her residency training between two hospitals to better serve underserved communities and Jill Wenger, PA, who left behind a successful career as a massage therapist to pursue her calling in neurodegenerative care, driven by a desire to better support patients living with these challenging conditions. Recipients also include Dr. Bryan Bui, whose commitment to diversity and equity has been a cornerstone of his medical training. 'The First-Practice Fund Scholarship speaks directly to my experiences and aspirations,' said Dr. Bui. 'Financial support has always been a limiting factor in my education. My father, an immigrant refugee from the Vietnam War, worked as a low-wage laborer and could offer little financial assistance. With this support, I will strive to serve those who need it most, ensuring that everyone, regardless of their circumstances, has access to compassionate and equitable care.' About PracticeLinkEstablished in 1994, PracticeLink connects physicians and advanced practitioners in all specialties with opportunities at more than 8,000 health systems, hospitals, medical groups, and private practices. PracticeLink improves the physician recruitment process through people, technology, and education—helping get physicians to the communities where they are needed most. Follow PracticeLink on Facebook, LinkedIn, Instagram, X (formerly Twitter) and TikTok. ContactCharles LowryDirector of GME in to access your portfolio

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