Fulcrum Equity Partners (“Fulcrum”) is pleased to announce a $13M Series A growth investment in Olio Health (“Olio”), a workflow and collaboration platform for the post-acute care and population health industry with participation from Mutual Capital Partners (“MCP”). Olio’s platform provides real-time communication, collaboration, and cost savings to risk-bearing entities and PAC providers. This funding round will be used to further accelerate Olio’s rapid growth through product development and key hires across multiple departments.
“The current communication and discharge process is manual, error-prone, and not scalable. Health systems lack insight into their patients’ conditions post-discharge, increasing readmission rates and length of stay,” says Fulcrum Partner Philip Lewis “When the entire care management team has real-time patient status throughout the post-acute footprint, providers can drive performance in value-based care arrangements.”
Population health and utilization teams can create high volume engagement with their entire post-acute ecosystem, which leads to significant operational and cost of care savings. Olio’s software supports value-based care payers and providers and all levels of post-acute care (SNF, IRF, Home Health, Hospice, LTCH).
“Fulcrum and MCP bring an incredible amount of healthcare technology expertise which will support improved customer support, new product development, and rapid market expansion,” states Ben Forrest, Olio CEO.
“The heightened demand for value-based care solutions and the need for data and analytics to drive cost savings is a driver for accelerated adoption of healthcare technologies, such as Olio. We are excited about partnering with Ben and his team to improve patient outcomes, reduce healthcare costs, and decrease readmission rates and length of stay,” says Bill Trainor, Partner at MCP.
About Fulcrum Equity Partners
Fulcrum Equity Partners is an Atlanta-based growth equity firm that manages over $600 million and provides expansion capital and operational expertise to rapidly growing companies led by strong entrepreneurs and management teams. Fulcrum targets companies within healthcare services, healthcare IT, B2B SaaS, and technology-enabled services. Fulcrum’s initial investment ranges between $5 – $30 million to provide financing to meet a wide range of needs, including internal growth initiatives, acquisitions, divestitures, shareholder liquidity, and recapitalizations. The partners have over 140 years of combined relevant experience in Fulcrum’s target markets, including significant operating experience as founders or senior executives at companies that grew rapidly and enjoyed successful exits. Additionally, Fulcrum’s limited partners include over 100 current or former business owners/CEOs of leading companies in various industries that provide a rich resource for the firm and portfolio companies. Learn more at http://www.fulcrumep.com.
About Olio Health
Olio redefines how population health and utilization teams work with post-acute providers. Our software increases the volume and scale of engagement between payers, health systems, and physician groups in partnership with the entirety of their post-acute footprint. Olio provides all users with workflow and collaboration tools needed to drive outcomes and operational efficiencies for patients transitioning through various sites of care. Learn more at http://www.olio.health.
About Mutual Capital Partners
Mutual Capital Partners is a Cleveland-based growth equity fund investing in rapidly growing healthcare software and device businesses located outside of major technology hubs. Our 100+ investors across three funds are successful executives from across the U.S. and we’ve combined the best elements of an angel fund into a committed capital, professionally managed venture fund. Management is a key focus for MCP and we work with our investors to assist us in due diligence, customer introductions, and ongoing advice and counsel to our portfolio executives. MCP is committed to entrepreneurialism working with angel funds, economic development entities, entrepreneurs, and venture syndicate partners to assist our portfolio companies through the capital continuum. Learn more at http://www.mutualcapitalpartners.com.
Media Contact
Peter Franconi, Fulcrum Equity Partners, 1 (770) 551-6300, pf@fulcrumep.com
