H.I.G. Capital News
H.I.G. Ventures Invests $7 Million in Care Dynamix, Inc.
Growth Capital Investment to Support Expansion of Onsite Preventative Healthcare
Services and Flu Shot Clinics in Communities Nationwide
MIAMI, FL - September 9, 2009 - H.I.G. Ventures, LLC, the venture capital affiliate of H.I.G. Capital, today announced its $7 million growth capital investment in Care Dynamix (d/b/a FluBusters). Care Dynamix provides nationwide preventative healthcare services, including vaccination programs and wellness screenings for schools, government agencies, corporations, retail businesses, religious groups, unions and professional associations.
"Our equity investment in Care Dynamix comes at a time when we are seeing increased demand for these types of services in communities across the country in order to expand the reach of critical immunization programs and protocols, as well as aggressive, new medical developments that are fueling overall growth of the healthcare industry," commented Craig Burson, Managing Director at H.I.G. Ventures. "The global attention to new outbreaks, such as the H1N1 flu virus, has accelerated the interest and demand of schools, government agencies, corporations, religious groups and professional associations in preventative healthcare. The H.I.G. team is excited to be working with a top provider of onsite health and wellness services as it further expands its geographic reach and service offering."
"We have a unique opportunity around the country to establish onsite vaccination clinics or complement existing planned immunization clinics," commented Jim Greiff, President of Care Dynamix. "With established partnerships with the National Parent Teacher Association and the National Association of Elementary School Principals, Care Dynamix will provide flu clinics at thousands of public and private U.S. schools and provide onsite healthcare services alongside programs sponsored by state and local governments. Our partnership with H.I.G. Ventures is an important step in our expansion and ability to meet rising demand, while ensuring clients receive the same personalized service that has been the hallmark of our founder's family practice."
About Care Dynamix, Inc.
Founded in 2002, Care Dynamix is a leading provider of cost-efficient, high quality onsite vaccination clinics at U.S. companies, schools and retail locations of every size. Our vaccines and other preventative healthcare services are provided through a national network of licensed healthcare professionals. Care Dynamix is headquartered in Roswell, GA. For more information, visit www.flubusters.com.
About H.I.G. Ventures
H.I.G. Ventures partners with entrepreneurs to provide the capital, expertise and relationships necessary to build market-leading businesses. The fund's investment strategies are supported by a growth equity team, focused on high growth companies in need of expansion capital, and a BioVentures team that concentrates on investments in biopharmaceutical, medical device and specialty pharmaceutical companies. With over $550 million in dedicated venture and growth capital under management, the firm's two teams invest throughout North America in early to growth-stage information technology, healthcare, life science, media and service businesses. H.I.G. Ventures is the venture capital affiliate of H.I.G. Capital, a leading private equity investment firm with over $7.5 billion of capital under management, with offices in Atlanta, Boston, Miami, New York and San Francisco. For more information, visit www.higventures.com.