Investment veterans Diane Daych and Mark Brooks have launched a growth equity firm exclusively focused on health services companies.
Granite Growth Health Partners, which purchased its current health services assets through a secondary transaction and is backed by HarbourVest Partners, invests in and provides strategic support to emerging growth health services companies with proven business models.
The firm makes investments in the $10 million to $50 million range.
Daych and Brooks, will serve as co-managing partners.
Daych brings more than 30 years of investing, advisory and operating experience, with more than 25 years of experience in the health services industry as an operator and investor. She previously led the health services growth equity investing at a healthcare focused venture firm, was a managing director and co-head of private equity at the Marwood Group and a was partner at CCP Equity Partners.
Brooks brings more than 25 years of experience investing in, operating and managing high-growth health services companies, several of which have become market leaders. He previously co-founded MMC Health Services and Scale Venture Partners, a diversified venture firm with more than $1.5 billion AUM, where he co-led the healthcare group for more than 15 years.
Also on the Granite Growth team is seasoned healthcare executive and investment veteran Paul Brown, who joins as a venture partner. He brings more than 25 years of experience as a venture capitalist, entrepreneur, lawyer and professor. Previously, he was a managing director at Sandbox Industries, where he co-founded the firm’s BlueCross BlueShield corporate venture funds.
Current companies in Granite Growth’s portfolio include CleanSlate Addiction Treatment Centers, Narus Health, QualDerm Partners and TripleCare.
FinSMEs
04/12/2017