Nashville Is The Health Services Capital – Here’s Why This Explosively Growing Region Is More Than Music City USA
by Bill Frist, Forbes Contributor
“Over the past decade there has been an explosion in new health service companies founded and grown in Nashville. Nashville startups have gone on to become disruptors and industry leaders, including Aspire Health (becoming the largest community-based, non-hospice palliative care company) and home-based nursing management company myNEXUS (provides support to 1.7 million Medicare Advantage members in 20 states). NaviHealth is pioneering senior-centered care, partnering with health systems and health plans nationwide with over 8 million lives under post-acute care management, touching one of every four discharges nationally. And Brentwood-based Premise Health, serving more than 2,200 of the largest commercial and municipal employers, is the nation’s leading direct healthcare provider with more than 800 wellness centers located onsite or near-site in the communities of the 45 states they serve.
To support this innovation and entrepreneurship, private investment firms are migrating to Nashville. In the last two years, New York-based Starr Investment Holdings moved its healthcare group to Nashville, billion-dollar Chicago private equity firm Shore Capital Partners opened a healthcare-focused Nashville office, and Atlanta’s MSouth Equity Partners chose Nashville for their expansion. And two new, Nashville-based firms focused on building transformational healthcare companies—Rubicon Founders and Russell Street Ventures—were founded by dynamic individuals who each had led the federal government agency in Washington, DC specifically charged with creating health delivery innovation in Medicare and Medicaid, the Center for Medicare and Medicaid Innovation.
These newer entrants join a strong foundation of existing pure healthcare investment firms, including private equity firms Cressey and Company, Pharos Capital, Claritas, Petra Capital, and Council Capital, and venture capital groups Frist Cressey Ventures, Health Velocity Capital, Martin Ventures, Heritage Group, Mountain Group Partners, and many others. These firms actively create and build younger companies, taking advantage of the rich, local, human capital markets and creative knowledge base clustered in the region.”
To read the full Forbes article, please visit: https://www.forbes.com/sites/billfrist/2021/04/12/nashville-is-the-health-services-capital–heres-why-this-explosively-growing-region-is-more-than-music-city-usa/?sh=50b692ab7de8