Link•age Ventures has closed its investment in the Alliance Healthcare Investment Fund.
Link•age is a private equity firm focused on investing in companies that provide products, services and technology to the aging marketplace and is based in Mason, Ohio.
The transaction, which was agreed to in December of 2012, enables Link•age to participate in investment opportunities presenting themselves in the broader healthcare market.
The fund will be managed by Alliance Healthcare Partners Management. The manager is comprised of three healthcare entrepreneurs, Joseph Mayernik, Tim Einwechter and Ricardo Ferreira.
The fund will invest in early-stage and growth-stage companies in the industry.
It will seek out companies that have devices, procedures or services that improve patient outcomes and/or allow providers of healthcare services to reduce costs of delivering quality healthcare.
The fund will employ an investment strategy that will emphasise management teams that have prior success and experience in similar or related business endeavours. It will emphasise companies in high-growth markets with manageable capital needs.
Scott Collins, chief executive of Link•age, says: “We believe that the fund provides excellent investment opportunities for Link•age and our members, and also provides us with a unique view into the important ever-changing healthcare field.”
