Duet Health, a provider of mobile healthcare communications, has received an investment from Baird Capital.
Duet Health is a mobile healthcare communications company that provides information to patients during the course of care. Duet Health’s clients include OhioHealth, Cardinal Health, Nationwide Children’s Hospital, and the Center for Disease Control. The company was founded in 2009 by Jeff and Ivan Harper and is based in Columbus, OH (www.duethealth.com).
“The role technology is playing in changing healthcare is enormous and is evolving more quickly than anyone could have predicted. This partnership with Baird Capital will enable us to continue to innovate and rapidly expand as the need for new software and new deliveries for greater success in outcomes and operational efficiency are still in their infancy,” said Jeff Harper, co-founder of Duet Health.
Baird Capital, the direct private investment arm of Robert W. Baird & Co., invests in lower middle-market companies in the manufactured products, healthcare and business services sectors. The firm invests from $15 million to $35 million in companies with enterprise values of $25 million to $125 million and EBITDAs greater than $5 million. Baird Capital was founded in 1989 and is based in Chicago (www.bairdcapital.com).
“Duet is changing the face of communications in the healthcare industry with unique technology which delivers new ways for healthcare providers to educate, engage and communicate with patients. This is a tremendous opportunity for Duet Health. They are providing state of the art healthcare solutions and Baird’s investment will help accelerate their growth to become a national force in the industry,” said Bill O’Donnell, Board Member, Duet Health.
© 2013 PEPD • Private Equity’s Leading News Magazine • 10-3-13
