Nueterra,
the nation’s largest privately held organization that formerly specialized in
the development of equity partnerships and focused healthcare facilities,
recently announced that it has divided its interests between two new
companies—NueHealth and Nueterra Capital. While Nueterra Capital will continue
the founding company’s private equity investment and advisory services,
NueHealth will operate a national system of integrated provider networks that
aligns physicians and connects them to healthcare consumers to deliver
value-based healthcare and improved quality and lower costs for both audiences.
Between
NueHealth and Nueterra Capital, the company will maintain all former assets and
executive leadership, though the two new entities represent a more narrow focus
on specific programs and services within the healthcare industry, including
network development, bundled payment programs, custom benefit plans and
management, private equity investing and joint venture partnerships.
“The
overall goal of NueHealth is to provide healthcare consumers, specifically
employers, insurance companies and patients, with direct access to a high
caliber of care that’s transparent and affordable,” said Dan Tasset, chairman, Nueterra Capital and NueHealth.
“On the other hand, Nueterra Capital will focus on making investments in the
healthcare companies and technologies that will truly advance the future of
healthcare.”
NueHealth
takes the kind of effort and experience that Nueterra dedicated to physicians
and facilities for over 20 years and refocuses that attention on the consumer
audience. Leveraging clinically integrated provider networks, purpose-driven
healthcare facilities and a collection of programs and services that includes
bundled payments and custom benefit plans, NueHealth aims to deliver
value-based care and payment models that make healthcare simple, affordable and
transparent.
According
to chief operating officer, Tim O’Brien, NueHealth has already demonstrated
early success in various markets including NueHealth Greater
Philadelphia (NGP). NGP is built on a partnership with a
multi-specialty independent physician association of over 1,000 providers, and
is poised to offer Philadelphia-area employers, insurance companies and
patients greater control over their healthcare spend and personal health
management.
Meanwhile,
Nueterra Capital will continue to invest in various healthcare companies,
focusing on key sectors that include technology, service companies, provider
companies, insurance and real estate; the goal is to leverage investment
activity as a means of empowering the companies and innovators who are poised
to drive change within the healthcare industry. In addition to offering
investment opportunities and strategic planning services, Nueterra Capital also
provides incubation and back office support for each of its portfolio
companies.
“Dividing
ourselves into these two new companies was a targeted decision to make
healthcare more simple, more accessible and more advanced,” said Tasset.
“Between NueHealth and Nueterra Capital, we’re going to give people access to
care that they fully understand, we’re going to create sustainable networks and
facilities that keep physicians and health systems ahead of the healthcare
evolution, and at the same time we’re going to be investing in the very
companies and ideas that will make the future of healthcare match our own
vision.” To learn more about both companies, visit them online at www.NueHealth.com or www.Nueterra.com.
