HealthQuest Capital, BelmontCA-based sector capital firm that focuses on companies that maximize value in health care. HealthQuest Partners IV, L.P., at $675m.
TheFund will enable HealthQuest to invest in growth-stage healthcare companies.
LedBy Garheng KongMD, PhD and MBA founder and managing partner HealthQuest invests in all healthcare subsectors. Quest believes that healthcare innovation occurs at the intersection of medical technologies, diagnostics/tools, and innovative services. TargetFund IV markets are commercial-stage companies that improve patient outcomes or reduce costs and inefficiency in healthcare. HealthQuest will also be looking for growth companies that focus on the current trends in healthcare and have long-term impact. FundIV will seek out companies that are innovating on both the clinical/technology side (AI-enabled diagnostics, precision oncology) and the care model side (evolving primary care solutions, mobile caregiver solutions, and so on).
Since the firm’s founding in 2013, HealthQuest has raised more than $1.6 billion across four funds and has made investments in a variety of healthcare startups including Everly Health, Lunit, Thirty MadisonTigerConnect. The team has also seen 18 exits across IPOs and M&A transactions, including the sale of BardyDxTo Hillrom (now Baxter), BioIQ to LetsGetChecked, Biotheranostics to Hologic, and the IPO Castle Biosciences.