PHILADELPHIA--(BUSINESS WIRE)--Four healthcare and investment industry veterans have announced the launch of Blood, Sweat & Capital LLC, a private equity firm that provides start-up funding and intensive management support for innovative healthcare service ideas. Blood Sweat and Capital (BSC) will be led by CEO David Bach, MD along with partners Pat Aberle, Mike Duffy, and Dan Lyons, MD.
The principals at BSC have an extensive track record of building and managing a diverse array of successful business and healthcare services companies, while consistently generating triple-digit annualized ROI performance for founders and investors. Dr. Bach is following up on his notable success in creating Leprechaun, LLC, a healthcare start-up that was sold in 2008 with Aberle and Duffy, generating an annualized return-on-investment for founding investors in excess of 1000%. Dr. Lyons was most recently President and CEO of Veridign Health Solutions, and brings a wealth of experience in health service and administration.
According to Irving Levin Associates, Inc, a healthcare research and publishing firm, the healthcare venture capital market has remained relatively steady in spite of economic conditions, with $1.83 billion in transactions in Q1 2009. Moving forward, President Obama's proposed $1 trillion healthcare legislation and policy reform is expected to create sweeping new opportunities for healthcare entrepreneurs. BSC is actively seeking innovative healthcare service ideas, especially as they relate to healthcare reform.
"Blood Sweat and Capital was launched to transform great healthcare ideas into successful businesses," said Dr. David Bach. "We've spoken with dozens of hospital and health plan executives, physicians, pharmacists, consultants and other stakeholders in the past two months. Today’s massive federal funding and policy shifts in Washington are already stimulating a wave of entrepreneurial activity. We want to talk to anyone with a great idea on how to improve healthcare service delivery during this sea change, and believe we offer unique value to those entrepreneurs.”
Healthcare professionals seeking funding and management support can submit an inquiry via the BSC website, www.bloodsweatcapital.com, or by calling (888) 272-2595. Further, the group recently produced a lively summary of their research and interviews related to healthcare, titled, Emerging Trends and Business Opportunities in the U.S. Healthcare System That Are NOT Associated with Healthcare Reform. It provides a refreshing balance to the current absorption with reform, and can also be found at the BSC website.
About Blood, Sweat & Capital LLC:
Founded in 2009 by a small group of successful healthcare entrepreneurs, Blood, Sweat & Capital creates and invests in innovative healthcare service companies, providing both capital and hands-on management expertise. For more information, contact Dan Lyons, MD at 888-272-2595 x704, or visit their Web site at www.BloodSweatCapital.com.