Caduceus Capital Partners managing partners Dave Vreeland and Scott Kolesar announced the sale of Simplify ASC to HST Pathways, a Bain Capital company. Simplify ASC was a portfolio company in Dave and Scott’s first fund, Jumpstart Capital.
“In the past several years, we have successfully invested in ASC-specific software companies in anticipation of this sub-sector maturing and consolidating. It has been our view that the ASC business model offers a powerful opportunity to improve healthcare delivery in the U.S. We’re proud that many of our investments in this area are already coming to fruition,” said Dave Vreeland, managing partner, Jumpstart Capital and Caduceus Capital Partners.
This transaction validates the Caduceus Capital Partners fund thesis: healthcare is undergoing a major shift and smart investment in digital health solutions will yield significant returns in the next decade.
Simplify ASC was just one investment that Dave and Scott have made in ASC-specific software companies. They also sold Casetabs to Bain Capital in 2020.
“We have a strong, longstanding relationship with HST’s talented leadership team, and we’re pleased that Simplify ASC and their valued customers will continue to grow with them,” said Scott Kolesar, managing partner, Jumpstart Capital and Caduceus Capital Partners.