Successful Healthcare Operational Track Record (continued)
Successful Healthcare Operational Track Record (continued)
CareNex Health Services (2004 — 2012)
Investment Summary
— CareNex Health Services, a California -based neonatal medical
management services company founded in 2004
— Operates at 650 out of 1,500 hospitals with neonatal intensive care
units in all 50 states
— Market size: 12.4% of babies born in the U.S. are premature births -
over 500,000 a year
— Focused on improving the quality of care and patient outcomes for
newborn and premature infants born across the U.S.
— National roster of major clients (Anthem Blue Cross/Blue Shield
health plans, Qualcomm, Healthcare Partners and others)
Financial Achievements
Equity multiple(a) Sold to Anthem in 2012
-20x
(a) Represents the total amount of equity returned VIOI the total amount of equity invested
American Medical Properties Pierce Health Solutions (2015 — present)
Investment Summary
— Physician -led medical management company managing the
healthcare of 10,000 lives in Native American entities
— Pierce's clients are in the human resource verticals of Native
American gaming, hospitality and agriculture in California
— Improved management leading to more efficient delivery of health
care services and better patient outcomes
— Direct contract negotiations with insurance companies, hospitals,
surgery centers and clinical vendors
— Focus on best-in-class physicians for high quality patient care
Clinical Achievements
Cost savings
Actuarial risk of death 25% reduction in tribal healthcare
expenditures
18% improvement within Morongo Native
American population
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