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Healthcare veterans launch Blood Sweat & Capital

Four healthcare and investment industry veterans have launched Blood Sweat & Capital, a private equity firm that provides start-up funding and intensive management support for innov

Four healthcare and investment industry veterans have launched Blood Sweat & Capital, a private equity firm that provides start-up funding and intensive management support for innovative healthcare service ideas.

Blood Sweat and Capital will be led by chief executive David Bach, along with partners Pat Aberle, Mike Duffy, and Dan Lyons.

Bach is following up on his success in creating Leprechaun, 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 per cent.

Lyons was most recently president and chief executive of Veridign Health Solutions, and brings a wealth of experience in health service and administration.

According to Irving Levin Associates, a healthcare research and publishing firm, the healthcare venture capital market has remained relatively steady in spite of economic conditions, with USD1.83bn in transactions in Q1 2009. Moving forward, President Obama’s proposed USD1trn healthcare legislation and policy reform is expected to create sweeping new opportunities for healthcare entrepreneurs.

"Blood Sweat and Capital was launched to transform great healthcare ideas into successful businesses," says 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.’

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