Advantia Health Announces Growth Round Led by Deerfield Management (press release)

Advantia Health, an integrated healthcare delivery company based in the Mid-Atlantic, announced that it has secured a significant growth financing led by Deerfield Management Company, LP.  With the investment, Advantia expects to grow rapidly in Maryland and the Mid-Atlantic region through further acquisitions and the hiring of additional physicians into its integrated delivery network.

Advantia Health‘s mission is to help women manage their health and the health of their families while improving customer service and reducing costs by providing care at the most convenient location whether that is via telemedicine, in a physician’s office, or in the company’s outpatient lab, imaging suite, or efficient surgery centers.  Advantia Health combines technology with clinical, medical, and operational expertise to be able to deliver on this mission.  Women consume 50% more healthcare than men and are estimated to be responsible for 80% of all healthcare decisions.  This makes women a critical customer segment in the coming consumer-driven healthcare market where consumer choice, price transparency, and service experience will be instrumental to success.

“We’re excited to add Deerfield Management as a partner as we continue to grow Advantia Health.  Deerfield’s sole focus on healthcare, and its understanding of how Advantia’s focus on women and efficient care delivery benefits physicians, patients, and payers, will enable us to grow towards achieving our vision of a healthcare delivery company that can decrease costs while providing high quality care and great customer service to our patients,” said Sean Glass, Founder & CEO of Advantia Health.

Advantia was founded in 2014 by technology investor and entrepreneur, Sean Glass and his father, respected anesthesiologist Dr. Peter Glass.  The company made its first acquisition, an OB-GYN practice in Maryland in September 2014.  In October 2015, Jay Martus, former EVP and CLO of Sheridan Healthcare joined the company as President, and in November 2015, the company opened its first ambulatory medical suite in Beltsville, MD consisting of offices, lab space, imaging, and an efficient outpatient surgical suite that earned The Joint Commission’s Gold Seal of Approval® for Ambulatory Health Care Accreditation.  The company has a number of acquisitions in progress and expects to increase its number of employed physicians significantly in 2016.

With the new financing, Deerfield Management Partner, Leslie Henshaw, will join the company’s board of directors, which currently includes former Pfizer CEO Jeff Kindler, former Towers Watson COO Paul Daoust, and former McKinsey Managing Director and founder of McKinsey‘s healthcare practice, Richard Foster.

About Advantia Health

Advantia Health is an integrated healthcare delivery company that helps women manage their health and the health of their families.  The company provides high quality, high value care using technology and highly efficient outpatient facilities.

For more information, please visit www.advantiahealth.com.

About Deerfield

Deerfield is an investment management firm committed to advancing healthcare through investment, information and philanthropy.

For more information, please visit www.deerfield.com.