Amulet Capital Partners, a middle-market private equity investment firm focused exclusively on the healthcare sector, announced a new platform investment in Theoria Management. This tech-enabled management service organization delivers high-quality and value-based primary care services to senior living communities across the US. The financial terms of the transaction were not disclosed.
Justin Di Rezze, MD, founder of Theoria, will continue leading the business as Chief Executive Officer and remain a significant shareholder.
Theoria offers a unique, patient-centric model for delivering on-site and virtual value-based care for high-acuity patients residing in skilled nursing, assisted living, independent living, and continuing care retirement communities. The company utilizes a proprietary technology system that coordinates care delivery among providers, patients, and facilities, aiming to expand access, improve quality, and enhance health outcomes for a high-need patient population.
Through a steadfast commitment to expanding access to high-quality healthcare, Theoria now manages a national medical group, offering 24/7 provider coverage and delivering comprehensive clinical services to hundreds of senior living communities across 21 states.
Houlihan Lokey served as Amulet’s exclusive financial advisor on this deal. And McDermott, Will & Emery LLP served as legal counsel to Amulet. Cain Brothers served as the exclusive financial advisor to Theoria.
KEY QUOTES:
“Theoria’s innovative, tech-enabled care delivery model, combined with its team-based clinical approach to improving outcomes, is a truly unique solution in the sector that is shifting the paradigm for how we manage the provision of healthcare services for high-acuity patients in the post-acute setting. By leveraging proprietary technology and population health data to drive improvements in care coordination and outcomes, Theoria is ideally positioned to address the unique needs of this patient demographic. We are excited to partner with Dr. Di Rezze and Theoria’s exceptional management team to pursue significant practice expansion opportunities as the provider of choice for senior living communities across the country.”
- Carl Zimmerman, Partner at Amulet
“I am immensely proud of all that we’ve accomplished and the platform we’ve built to date at Theoria. Our partnership with Amulet is a testament to both the dedication of our team and the long-term potential of our innovative model to continue redefining care delivery in the post-acute setting. This partnership will enable us to further invest in our growth, accelerate our efforts, expand our offerings and bring Theoria’s 24/7 solutions to more patients and communities across the country. Amulet’s vast healthcare expertise, network of resources and shared commitment to expanding access to high-quality patient care make them the ideal partner for Theoria in this next phase of our growth.”
- Dr. Di Rezze
“Theoria represents the next generation of tech-enabled healthcare service providers, at a time when the post-acute industry continues to navigate clinician shortages, increased administrative burdens and a lack of access to outcomes-focused medical services. As long-time, dedicated investors in the healthcare sector, supporting businesses and management teams that are innovating in care delivery and expanding access to high-quality healthcare is one of our core investment themes. Theoria is reimagining what senior patient care can – and should – be, and we are excited to partner with Dr. Di Rezze and the entire Theoria team to deliver on its long-term vision.”
- Jay Rose, Managing Partner of Amulet
