Alliance Healthcare Fund Welcomes Bob Caretta as Advisor

PHOENIX--(BUSINESS WIRE)--Alliance Healthcare Fund, an angel investment fund focused on challenging the way healthcare works, today announces that Bob Caretta joins the fund as an advisor. A healthcare industry veteran, Caretta is vice president of St. Barnabas Health Care System and executive director of Livingston Health Services. He is a pioneer in changing how hospitals manage their supply chain to better control resources and cut wastefulness to improve care delivery.

“By providing hands-on support from an experienced and proven executive team, Alliance Healthcare Fund will give an edge to start-up companies who receive its support, and I’m honored to be a part of that effort.”

“We’re very pleased to have Bob join our team as an advisor because he’s one of the most notable leaders in healthcare contracting who understands what is needed in order to drive change in how care is delivered. Our executive team and our investment companies will benefit from his extensive healthcare knowledge and experience,” said Joe Mayernik, partner in Alliance Healthcare Fund.

Alliance Healthcare Fund was formed by pioneering healthcare entrepreneurs whose footprint on the healthcare industry is substantial. The fund targets emerging, high-growth healthcare companies that are developing innovative technologies and services to help providers deliver enhanced efficiency, improved outcomes and lower cost care by challenging the status quo. The fund’s first investment was in PrivIT Healthcare Inc., a Canada-based healthcare software company that focuses on capturing patient data electronically in an effort to minimize paperwork during patient assessments. The fund’s operating strategy is about concentration and hands-on management guidance.

“Our industry is in need of disruptive, entrepreneurial business models that will change how care is delivered to lower the cost while improving patient care quality. The key to doing that successfully is combining financing with strong leadership. Alliance Healthcare Fund does just that,” said Caretta. “By providing hands-on support from an experienced and proven executive team, Alliance Healthcare Fund will give an edge to start-up companies who receive its support, and I’m honored to be a part of that effort.”

About Alliance Healthcare Fund
Alliance Healthcare Fund focuses its investments on innovative, high-growth companies that are already making waves in the healthcare delivery-improvement space. The fund is unique in that it combines financial support with hands-on partnership. The fund only makes investments in companies that will allow fund partners to have a strong leadership presence in the organization. To learn more, visit alliancehcpartners.com.