Kinderhook Industries is a private equity firm that invests in early-stage companies. They prefer to invest in middle-market companies in the business services, environmental services, healthcare services, automotive, and light manufacturing sectors.

Kinderhook Industries

Better Health Group

Membership-based, non-insurance healthcare companies helping maintain a steady state of well being.

Preventive Healthcare

Viome prevents and reverses chronic disease by digitizing and decoding each individual’s biology; starting from the gut microbiome. The company claims it is the only company that has clinically approved metatranscriptomic technology in at-home tests to deliver personalized dietary and supplement recommendations based on 50+ biomarkers.&nbsp;The company offers various health solution plans that include tests, custom-formulated supplements and personalized biotics. The diagnostic tests analyze the microbiome to provide insights into gut health, oral health, and overall wellness. Viome's flagship is the Gut Intelligence Test, which examines microbial composition from saliva, blood, and stool samples collected via at-home kits.Viome’s Health Sciences division focuses on researching and advancing precision diagnostics and therapeutics platform focused on chronic diseases, cancer, and aging. Viome operates the ViOS platform that uses technology and data from 325,000 human samples to learn about how diseases work. This helps to create new tests and treatments for chronic diseases by studying how genes and microbes in bodies interact.In <a href="https://sp-edge.com/updates/23450">November 2023</a>, the company acquired Naring Health, a digital health and wellness company, to enhance personalized health solutions.Key customers and partnershipsThe company has collaborated with pharma companies such as GSK, and Advent Health to carry out research. In July 2019, Viome partnered with Mayo Clinic to study the role of nutrition in disease and explore the potential of personalized diets in managing sleep disorders.&nbsp;In August 2023, the company entered a distribution agreement with pharmacy chain CVS to roll out its gut microbiome testing kit through 200 CVS stores.

Functional Nutrition

Viome is a health technology company that focuses on analyzing the human gut microbiome to provide personalized nutrition recommendations and products. It offers at-home test kits that use advanced RNA sequencing to identify the active microorganisms and gene expressions in a user's gut from a stool sample. Using AI, the company analyzes this data to generate detailed reports outlining the customer's gut health, dietary recommendations categorized by "superfoods," foods to minimize or avoid, as well as custom probiotic, prebiotic, and supplement formulations.The company’s at-home testing kits include 1) the Full Body Intelligence Test for testing over 50 health metrics based on blood, urine, and stool samples; 2) Gut Intelligence Test for testing over 20 gut health metrics based on a stool sample; 3) the Oral Intelligence Test for identifying underlying causes for oral issues based on a saliva sample; and 4) the CancerDetect Test for at-home testing for biomarkers associated with early-stage oral and throat cancer based on a saliva sample. As of July 2024, these tests were priced at USD <a href="https://www.viome.com/products/full-body-intelligence">399</a>, USD <a href="https://www.viome.com/products/gut-intelligence">279</a>, USD <a href="https://www.viome.com/products/oral-health-intelligence">259</a>, and USD <a href="https://cancerdetect.viome.com/?_gl=1*1mayav0*_gcl_au*NzE0NTk0NzA3LjE3MjEzMDgzNDU.*_ga*NjUwOTU2OTAwLjE3MjEzMDgzNDU.*_ga_QBRYR4Y4HG*MTcyMTMwODM0NC4xLjEuMTcyMTMwODY2MC4xMS4wLjA.">599</a> respectively. The Full Body Intelligence and Gut Intelligence Test kits can also be paired with custom supplements provided by Viome to help combat individual deficiencies revealed by test results.In <a href="https://www.prnewswire.com/news-releases/viome-receives-fda-approval-for-its-unique-mrna-technology-and-ai-platform-to-detect-cancers-301285629.html">May 2021</a>, Viome's CancerDetect Test received FDA Breakthrough Device approval for its ability to detect oral and throat cancers from a saliva sample.Key customers and partnershipsIn <a href="https://techcrunch.com/2023/08/18/viome-a-microbiome-startup-raises-86-5m-inks-distribution-deal-with-cvs/">August 2023</a>, Viome partnered with CVS to make its at-home gut tests available at CVS locations throughout the US, increasing accessibility for consumers interested in microbiome analysis.

Longevity Tech

<div>
 
 Viome focuses on digitizing, decoding, and deciphering human biology for the prevention, early diagnosis, and treatment of chronic diseases and cancer. Viome uses a systems biology approach to comprehend the origin and progression of a disease through gene expression (mRNA) analysis with its AI platform. The company develops tests to assess gut and oral microbiome health and provides custom supplement formulas and tailored biotic blends to improve it. These tests are designed to determine how well the user is aging at a cellular level, and nutrition recommendations are designed to optimize the user's specific biological functions responsible for how they're aging internally.
 
 
 
 
 Viome is claimed to measure over 10 million data points from expressed genes per sample from microbial (oral and gut) and human cells. Viome offers over 50 health score biomarkers included with its Full Body Intelligence Test. The scores are based on an analysis of all the gene expressions in the body, which can reveal the precise nutrition needed to address inflammation and microbial imbalance.&nbsp;
 
 
 
 
 The company also produces custom-formulated blends and ships them to customers on a monthly basis. These are offered in the form of supplements, gut biotic blends, and oral biotic lozenges. These are personalized to customers based on the results of full-body intelligence, gut intelligence, and oral intelligence tests, respectively.
 
 
 In November 2023, Viome Life Sciences acquired Naring Health, a digital health and wellness company focused on providing access to individualized clinical and molecular data. The acquisition also included Naring Health&rsquo;s health monitoring company, DiscernDx, and food science company Foodome. After the acquisition, Viome intended to enhance its suite of personalized health solutions by using combined resources, including key patents and intellectual property.
 
 
 Key customers and partnerships
 
 
 
 
 Viome entered a partnership with pharmacy chain CVS in August 2023 to expand its product distribution, thereby making its tests available in 200 CVS stores across the US.
 
 
 
 
 Funding and financials
 
 
 
 
 In October 2023, the company raised USD 86.5 million in a Series C funding round co-led by Khosla Ventures and Bold Capital. The company expected to use the funds for business and market expansion.
 
 
 
 
 
</div>

Viome is a provider of comprehensive health insights designed to help people track their microbiome health, mitochondrial health, cellular health, and biological age.  The company's insights help users to make suitable lifestyle and nutrition choices for them, enabling users to assess their internal eco-system with simple personalized recommendations. Viome was established on October 1, 2016 by Naveen Jain in 	Bellevue, Washington.

Physician Partners,  give you the power to transform lives.  Working together as a team to shape the future of healthcare, they are at the forefront of innovation and best practices to improve the health of their communities. Their team provides the platform, technology solutions and new health programs in a collaborative environment to our primary care providers with the sole purpose of achieving Better Health.  Their commitment, their passion and their culture sets them apart from others and is the cornerstone of everything they do. Their team settles for nothing less than a new and profoundly better way of delivering truly proactive health care rather than simply building a better version of the same old reactive sick care model that serves our communities today.

Better Health Group, formerly known as Physician Partners, is a value-based primary care provider network. The company has developed Votion, a proprietary platform that combines technology-enabled care management with patient-centric medicine, offering clinical insights and support in areas such as provider engagement, clinical services, quality, operational efficiency, and technology analytics.

Better Health

Yango partners with Beaver Health Group to launch ‘’Wellness on Wheels’’ programme

Viome

Bold Capital Partners

Khosla Ventures

Ezaki Glico

WestRiver Group

Ocgrow Ventures

Diagnostic tests and services focused on assessing the health of an individual's gut microbiome and their metabolic processes to identify internal age-related issues

Nomad Capital Partners

Hambrecht Healthcare Growth Venture Fund

<div>
 
 Better Health Group, formerly known as Physician Partners, is a value-based primary care provider network. The company has developed Votion, a proprietary platform that combines technology-enabled care management with patient-centric medicine, offering clinical insights and support in areas such as provider engagement, clinical services, quality, operational efficiency, and technology analytics.&nbsp;
 
 
 The company claims its platform has doubled the time spent with each patient, leading to a 50% increase in revenue for providers and a 250% improvement in provider earnings.
 
 
 In addition, the company provides direct primary care for seniors through its VIPcare clinics. It offers services such as at-home checkups, consultations, medication management, vaccinations, and preventive and chronic care management.&nbsp;
 
 
 As of January 2024, the company operated across 11 states and owned 160 primary care clinics.&nbsp;
 
 
 Key customers and partnerships
 
 
 As of January 2024, Better Health was serving 0.3 million members and was supporting over 1,200 primary care providers.
 
 
 In December 2023, the company partnered with Kroger Health, a healthcare provider, to implement Better Health&rsquo;s management service organization platform at Kroger&rsquo;s in-store clinics.&nbsp;
 
 
 Funding and financials
 
 
 In November 2023, the company secured USD 175 million in financing, following a USD 500 million equity investment from Kinderhook Industries in December 2021. This funding was allocated toward supporting new risk-based payer partnerships, strategic acquisitions, and the opening of new clinics as the company expanded into new states.&nbsp;
 
 
 In 2023, the company generated revenue of USD 1.2 billion.
 
</div>

Better Health Group, formerly known as Physician Partners, is a value-based primary care provider network. The company has developed Votion, a proprietary platform that combines technology-enabled care management with patient-centric medicine, offering clinical insights and support in areas such as provider engagement, clinical services, quality, operational efficiency, and technology analytics.The company claims its platform has doubled the time spent with each patient, leading to a 50% increase in revenue for providers and a 250% improvement in provider earnings.In addition, the company provides direct primary care for seniors through its VIPcare clinics. It offers services such as at-home checkups, consultations, medication management, vaccinations, and preventive and chronic care management.As of January 2024, the company operated across 11 states and owned 160 primary care clinics.Key customers and partnershipsAs of January 2024, Better Health was serving 0.3 million members and was supporting over 1,200 primary care providers.In December 2023, the company partnered with Kroger Health, a healthcare provider, to implement Better Health’s management service organization platform at Kroger’s in-store clinics.Funding and financialsIn November 2023, the company secured USD 175 million in financing, following a USD 500 million equity investment from Kinderhook Industries in December 2021. This funding was allocated toward supporting new risk-based payer partnerships, strategic acquisitions, and the opening of new clinics as the company expanded into new states.In 2023, the company generated revenue of USD 1.2 billion.

Cardiomo Care is developing noninvasive wearable devices to alert users and caretakers when there are abnormalities in the heartbeat. The company’s AI engine, trained on existing and growing data sets, can predict potential heart issues up to two hours before they occur, enabling early detection and intervention for arrhythmias and other cardiovascular diseases (CVDs).The company's product, CardiomoPatch, is a waterproof, wearable patch capable of long-term wear with a 10-day battery life. The patch monitors a patient's cardiac data, including ECG outputs, breathing, and skin temperature, and transmits the data via a mobile app for analysis by Cardiomo's AI engine.&nbsp;As of May 2024, the company is yet to commercialize its product and has over 1,600 pre-orders.

Cardiomo Care

Omada is a prevention-focused digital therapeutics startup that helps members achieve health goals through lifestyle changes. It offers four evidence-based, virtual prevention programs for managing hypertension, musculoskeletal (MSK) issues, prediabetes, and diabetes.Omada offers real-time data tracking through connected devices (such as wireless scales, blood pressure, and glucose monitors) and access to personalized coaching sessions via a mobile app as part of its prevention program. It also provides an online community of peers with similar health conditions to discuss challenges and provide support. In May 2021, Omada became the first fully-virtual healthcare provider to earn the National Committee for Quality Assurance’s Population Health Program Accreditation for its type 2 diabetes and type 2 diabetes + hypertension programs.Unlike its peers, Omada operates a performance-based business model where it charges clients an enrollment fee based on the number of users and a performance fee based on how much weight their employees lose. In May 2020, the company acquired virtual physical therapy startup Physera.Key customers and partnershipsAs of May 2024, Omada had more than 1 million members from more than 1,900 enterprise clients across all 50 US states. Its B2B employer and health plan client base include key clients such as American Eagle, Kaiser Permanente, Costco Wholesale, 3M, and Marvin. Additionally, the company has partnered with health systems and hospitals such as Intermountain Healthcare to provide its preventive programs as a covered benefit.In <a href="https://sp-edge.com/updates/15587">January 2023</a>, the company partnered with health service company Castell (a subsidiary of Intermountain Healthcare) to provide its diabetes programs to members from Intermountain Healthcare’s primary care providers in its Utah Medical Group. Further in <a href="https://sp-edge.com/updates/25245">January 2024</a>, the company partnered with Amazon to expand access to its cardiometabolic program.

Omada Health

VillageMD provides primary care services for patients. It also provides tools, technology, and staffing support needed for physicians to deliver high-quality services. VillageMD’s service delivery methods include traditional freestanding clinics, Village Medical at Walgreens co-located clinics, as well as at-home and around-the-clock virtual visits. It also leverages a team-based approach to care where physicians lead nurse practitioners, pharmacists, mental health specialists, and dietitians to offer a holistic care program. The technology of VillageMD includes docOS, an operating system that enables better patient care by connecting various clinical source systems with ongoing patient-generated data coupled with an AI engine to continuously analyze messages to enable patient self-care.The company made several acquisitions to expand its footprint: 1) <a href="https://sp-edge.com/updates/14347">Summit Health</a> for USD 8.9 billion in November 2022, 2) Healthy Interactions, an interactive patient education platform, in February 2022, and 3) <a href="https://sp-edge.com/updates/16968">Starling Physicians</a>, a primary care and specialty care provider, in March 2023.Key customers and partnershipsIn June 2020, VillageMD and Walgreens Boots Alliance announced a collaborative effort to open at least 600 Village Medical centers at Walgreens across more than 30 US markets by 2025. Walgreens invested USD 5.2 billion in VillageMD (from the previously announced USD 1.0 billion), raising its ownership stake to 63% (from 30%).However, as of May 2024, Walgreens had plans to close 160 VillageMD clinics as part of a cost-cutting plan.

VillageMD

Cityblock Health is a value-based healthcare provider focused on delivering comprehensive care to underserved communities, primarily Medicaid and lower-income Medicare beneficiaries. The company combines primary care, behavioral health, and social services to address the complex physical, mental, and social needs of its members.Cityblock's model involves partnering with local community-based organizations and deploying multidisciplinary care teams that include doctors, nurses, behavioral health specialists, and community health workers. These teams provide personalized care through 24/7 access to multi-modal care delivery, including in-home visits, telehealth, and community health hubs.The services of Cityblock are available to members at no additional cost if they are covered by an eligible health plan.Key Customers and PartnershipsAs of May 2024, the company’s services were available in seven states across the US and served over 100,000 members.In May 2024, it partnered with <a href="https://sp-edge.com/updates/29647">Sunshine Health</a> to expand to Florida, and, in <a href="https://sp-edge.com/updates/13270">September 2022</a>, it partnered with MDwise to expand into Indiana. Prior to that, the company had partnered with insurance providers such as ConnectiCare (Connecticut), Tufts Health Plan (Massachusetts), Emblem Health (New York), Healthy Blue (North Carolina), Molina Healthcare (Ohio) and CareFirst (Washington DC).Funding and FinancialsCityblock is a spin-off of Sidewalk Labs, an Alphabet company that incubates and invests in tech companies and products to improve urban infrastructure. It completed a USD 400 million Series D funding round led by Softbank in <a href="https://sp-edge.com/updates/5326">September 2021</a>, valuing the company at USD 5.7 billion. The funds were used to expand its services.

Cityblock Health

Everside Health (formerly Paladina Health) offers preventative care for chronic conditions and primary, mental and occupational healthcare treatments for acute conditions. Patients benefit from around-the-clock access to care, same-day or next-day appointments for in-person, and virtual care visits with zero copays.Everside aims to generate around 17% healthcare cost savings in three years and 31% in five years for its corporate members by leveraging a data-driven approach to care coordination.The company leverages data from past medical records, predictive analytics, and AI in the delivery of preventative care services.Founded in 2010 under the name Paladina Health, the company was rebranded in November 2020 as Everside Health following a merger between three primary care groups (Paladina, Activate Healthcare, and Healthstat). Furthermore, in February 2024, Everside Health merged with primary care provider Marathon Health to form a combined entity that would operate as Marathon Health, and, as of May 2024, the integration was ongoing.Key customers and partnershipPost-merger with Marathon Health, the combined entity would serve 2.5 million patients through over 680 clinics across 41 states.Funding and financialsThe company received its most recent investment in July 2022, amounting to USD 164 million in growth equity funding. The round was led by New Enterprise Associates (NEA). The funds were allocated toward growing its market presence and exploring opportunities for M&amp;A as well as to enhance and improve its product features. Additionally, the firm planned to expand its coverage of specialty care services aimed at individuals, employers, and union organizations.

Everside Health

Platforms offer a subscription-based or B2B-sponsored, evidence-based program for managing a specific long-term health condition.

DPCs offer value-based primary and preventive care services addressing whole-person (social, mental, physical) needs for a fixed monthly or annual fee paid by either the patient, insurance provider, or employer.

Companies offer B2B and D2C evidence-based treatments delivered via software programs to prevent and manage a variety of chronic conditions.

Tools that collect and analyze real-time patient data that supports healthcare providers with clinical decisions,  improves patient outcomes, and reduces medical errors.

Companies offer independent physician practices and hospitals with the tools (patient engagement, care coordination, administrative services) to help manage and improve clinical health outcomes of a defined group of individuals or large populations.

Platforms are used to track and gather patient health-related information via either a connected device or at-home test kits to detect the early onset of disease and identify any abnormalities in readings—but do not include a treatment plan.

To gather large amounts of real-time data for chronic care management, DTx, and patient monitoring

XR used by some startups for chronic pain management

Offers digital means of providing direct primary care, passive remote monitoring, chronic care management, etc.

AI/ML is used in predictive analytics, diagnostics tools, and population management

Offers tailored preventive interventions and treatments to the specific needs and characteristics of each individual

Better Health

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