News

Andrea Pekala has joined Martis Capital as CFO & Chief Compliance Officer, and will be based in the Washington, DC office.  Prior to Martis Capital, Andrea was a Principal at The Carlyle Group, serving as the Deputy Head of the Fund Management group, overseeing the administration of Carlyle’s U.S. Growth Buyout and Mexico funds, among others,  and headed up the strategic operations group.   Andrea started her career at PwC.  She received a BS in Accounting from the University of Maryland and is a CPA (currently non-active).

Capricorn Healthcare is pleased to announce that it has rebranded as Martis Capital.  The fund will continue its current strategy of private equity investing in middle-market healthcare companies.

In addition, as part of the rebranding, Martis has a new web address, www.martiscapital.com. Please visit us there to see our new website and learn more about our strategy, team, and portfolio companies.

About Martis Capital

Martis Capital invests in buyout and growth equity opportunities in middle-market companies providing innovative and cost-effective products and services within the services & outsourcing, information technology, and consumer & wellness subsectors of the North American healthcare industry.  Martis Capital manages more than $725 million of capital and is currently investing out of its second fund.  The firm is based in Palo Alto, CA and Washington, DC.

For more information, please email us at info@martiscapital.com.

Joyce Zhang joined Capricorn Healthcare as an Associate in the Washington, DC office. Previously, Joyce worked in Investment Banking in the Healthcare group at Bank of America Merrill Lynch.  Joyce received a BBA from the Goizueta Business School at Emory University with a double major in Mathematics and Economics.

Capricorn Healthcare announced that it participated in the Series E financing of HeartFlow, Inc. (“HeartFlow”), a medical technology company.  As reported by HeartFlow, the financing secured $240 million for the company and was led by Wellington Management and Baillie Gifford & Company.  HeartFlow will use the proceeds from this financing to ramp up commercial expansion of the HeartFlow® FFRct Analysis, continued technology innovation, and additional clinical studies.

Based in Redwood City, CA, HeartFlow offers a non-invasive technology that creates a personalized 3D model of the heart and simulates blood flow to help clinicians diagnose and treat patients with suspected heart disease. To date, the HeartFlow Analysis has been used by clinicians at more than 80 medical institutions around the globe to diagnose and treat more than 15,000 patients.  The Company seeks to transform how cardiovascular disease, the leading cause of death globally, is treated in a more efficient, cheaper, and more accurate way.  Today, more than 185 million people in the US have insurance coverage for the HeartFlow Analysis.

Yosha Huang joined Capricorn Healthcare as an Associate in the Palo Alto, CA office. Previously, Yosha worked at Stifel Nicolaus as an Investment Banking Analyst in the Technology group. Yosha received a BA in Statistics from UC Berkeley.

Capricorn Healthcare announced its portfolio company, Care Hospice (“Care”), closed its acquisition of Piedmont Hospice (“Piedmont”). Piedmont provides hospice care in South Carolina across its two offices in Greer and Charleston. Financial terms of the transaction were not disclosed.

Through combining with Care’s existing hospice operation in South Carolina, the company will be able to extend its quality and compassionate care to more communities and patients. This transaction marks the seventh successful acquisition consummated by Care Hospice in the last four years and a continuation of the company’s strategy to build strong regional hospice programs across the US.

Dupinder Singh joined Capricorn Healthcare as an Associate in the Palo Alto, CA office.  Previously, Dupinder worked at RBC Capital Markets as an investment banking Analyst in the Healthcare group. Dupinder received a BS in Finance & Economics from the Leonard N. Stern School of Business at New York University.

Capricorn Healthcare (“Capricorn”) announced that it closed a transaction with CitizensRx (“Citizens”), a Pharmacy Benefit Management provider. Through its investment, Capricorn will partner with Citizens’ executive team, who will continue to lead the company. Financial terms of the transaction were not disclosed.

Based in Oak Park, IL, CitizensRx is a full-service Pharmacy Benefit Management provider for public and private companies, as well as health plans. The company provides “unbundled,” modular pharmacy benefit management services, including formulary management, claims processing, rebate administration, and a 67,000-location national pharmacy network.

Capricorn Healthcare is pleased to announce the promotions of three members of its investment team. Mario Moreno and Owen Davis have both been promoted to the role of Principal, and Chris Beall has been promoted to the role of Director.

Capricorn Healthcare (“Capricorn”) announced that it closed a transaction with WellHaven PetHealth (“WellHaven”), a rollup of companion animal general veterinary practices across the Western US. Through its investment, Capricorn will partner with WellHaven’s founder and executive team, who will continue to lead the company. Financial terms of the transaction were not disclosed.

Based in Vancouver, WA, WellHaven is comprised of a team of highly‐experienced executives who will acquire and improve veterinary practices across four initial target states – Colorado, Minnesota, Washington, and Oregon – with plans for further geographic expansion in the future.