Previous Investments

The following is a list of investments in healthcare IT, healthcare services and medical device companies previously made by the management team of MemorialCare Innovation Fund (may include investments made by the investment manager through another fund).

Healthcare IT

Health Information Exchange and Interoperability Solutions

Accenx Technologies was acquired by Initiate Systems in October 2009.

Provider Applications for Reporting and Managing Clinical Measures

Ascender Software was acquired by Matrix Medical Network in August 2012.

Awareness Technology for Clinical Desktop Security

Aventura was acquired by Philips in April 2017.

Digital Pathology

BioImagene was acquired by Roche/Ventana in August 2010.

Comprehensive Care Management Solutions

Care Team Connect was acquired by The Advisory Board Company in October 2013.

Web-Based Coding Tools for Streamlining Reimbursement

CodeCorrect was acquired by United Communications Group in July 2004.

Enterprise Data Warehouse for Healthcare

Health Care Dataworks was acquired by Health Catalyst in August 2015.

Real-Time, Location-Based Customer Engagement

Hyper enables businesses and brands to identify influential customers at their locations and engage them in real-time, when it matters most.

Network Platform for Clinical Integration Programs

MedVentive was acquired by McKesson in September, 2012.

Operational AI technology designed specifically for healthcare

Olive is deploying the first digital workforce built specifically for healthcare, automating healthcare’s most robotic processes, so human employees don’t have to.

Smart Glasses Applications for the Workforce

Pristine was acquired by Upskill in May 2017.

RFID-Based Real-Time Tracking Solutions

Radianse was acquired by BL Technologies in June 2010.


Uses social networks, behavioral change science, and engaging technology to enhance lives Acquired by Virgin Pulse in 2016

Interactive Patient Care Technology Platform

Skylight Healthcare Systems was acquired by GetWellNetwork in September 2015.

Healthcare Services

Medical Dictation and Transcription Services

EDiX was acquired by IDX Corporation in September 1998.

Disease Management

LifeMasters was acquired by StayWell Health Management in December 2009.

Medical Devices

Robotic IV medication preparation and administration system

ForHealth Technologies was acquired by Baxa Corporation in March, 2009.

Medical Device for the Treatment of Acute Ischemic Stroke

MindFrame was acquired by Covidien in July 2012.

Home Medical Supplies and Equipment

Option One was acquired by Champlain Capital Partners in November 2003.

Implantable Antibiotic and Medical Device for the Prevention of Surgical Site Infections

Tyrx was acquired by Medtronic in January 2014.