Healthcare

  • Chrysalis portfolio company bCatalyst, founded as a business accelerator for promising Louisville start-ups, was an original investor in Louisville, KY-based Advanced Imaging Concepts, Inc. (AIC), a leading provider of document imaging solutions for the medical industry. AIC was acquired by Allscripts Healthcare Solutions (NASDAQ: MDRX), a leading provider of clinical software, connectivity and information solutions for physicians, in July 2003.

  • Chrysalis’ investment was in American Pathology Resources, a Nashville, TN-based physician management company focusing on pathology practices. American Pathology merged with Pathology Consultants of America, which was subsequently purchased by Inform DX before being acquired by AmeriPath (Former NASAQ: PATH) in November 2000. Today the company is a provider of cancer diagnostics, genomics and related information services.

  • Chrysalis was an original investor in Louisville, KY-based Aperture Credentialing, Inc., a leading physician credentialing company. The company was acquired by Ingenix Health Intelligence, a subsidiary of UnitedHealth Group (NYSE: UNH), in October 2002.

  • CerviLenz, Cleveland, OH, a manufacturer and distributor of a disposable device used to predict the risk of preterm birth in pregnant women.

  • ITC Pharmacy, Castle Rock, CO, provides compounding pharmacy services, healthcare marketing services and a coordinated care platform.

  • Connecture, Waukesha, WI, a provider of integrated web-based sales and service automation solutions for the health insurance industry.

  • Chrysalis’ investment was in Richmond, VA-based Manorhouse Assisted Living, Inc., an owner and operator of assisted living centers in the mid-Atlantic states. Manorhouse was subsequently acquired by Nashville-based LifeTrust America LLC, the owner and operator of Morningside Assisted Living communities throughout the Southeast, in October 2002. LifeTrust America was acquired by Five Star Quality Care (AMEX: FVE) in November 2004.

  • Foundation Radiology Group, Pittsburgh, PA, a provider of diagnostic imaging and radiology services to hospitals through a unique hybrid staffing model.

  • HCCA Holdings, Nashville, TN, a leader in global healthcare recruitment and staffing services.


  • Health Information Designs
    , Philadelphia, PA, a provider of automated pharmaceutical management software solutions to health plans and pharmacy benefit management companies.

  • Chrysalis invested in Ann Arbor, MI-based HealthMedia, a behavioral science technology company that builds and delivers tailored behavioral programs for the pharmaceutical/medical device, healthcare and disease management markets. The company was acquired by Johnson & Johnson in October 2008.

  • HealthTeacher, Nashville, TN, is the interactive leader in youth health, creating games, apps, and educational resources that make health awesome for kids. HealthTeacher’s research-based products are designed to get kids moving and to develop healthy behaviors that last a lifetime.


  • Intervention Insights
    , Grand Rapids, MI, is a health information services company helping community oncologists incorporate molecular oncology into their practice.

  • Lab Partners, which does business as MedLab, Cincinnati, OH, a regionally focused full-service provider of clinical diagnostic laboratory services for hospitals, healthcare facilities and physicians in the Midwest.

  • Chrysalis invested in Clear Vision Laser Centers, Inc., a Denver, CO-based laser vision correction services company. The company was acquired by LaserVision Centers, Inc. (Former NASDAQ: LVCI) in August 2001 and subsequently merged with Ontario, Canada-based TLC Laser Centers Inc. (TSX: TLC) to form TLC Vision in 2001.

  • meQuilibrium, Boston, MA, a provider of personalized online stress management solutions for consumers and employers.

  • MyHealthDIRECT, Delafield, WI, a provider of web-based access management solutions to healthcare providers and payers.

  • NextImage Medical, San Diego, CA, a provider of next-generation radiology services to the workers’ compensation market.

  • Chrysalis’ investment was in ActaMed, an Atlanta, GA company that merged with Healtheon in June 1998. Healtheon went public in February 1999 and subsequently merged with WebMD, changing its name to Healtheon/WebMD Corporation and later to WebMD Corporation in 2000. Further, the parent company changed its name to Emdeon Corporation (NASDAQ: HLTH) in 2005 when WebMD Health (NASDAQ: WBMD) completed its initial public offering. Today WebMD is a leading Internet-based provider of e-commerce solutions to the healthcare industry.