Salix Ventures is no longer evaluating new investment opportunities. Salix was founded by Chris Grant and David Ward in 1997 to make venture capital investments in emerging health care services companies. Prior to founding Salix, Chris and David served as operating executives in a series of venture-backed health care services companies. Some of Salix' prior portfolio companies include:
AccentCare
Irvine, CA

AccentCare is one of the largest home health companies in the country, providing home nursing services as well as in-home custodial care. AccentCare was acquired by a wholly-owned subsidiary of Oak Hill Capital Partners in November 2010


ASC Network
Newport Beach, CA

ASC Network developed, acquired and operated multi-specialty surgery centers in partnership with physicians. ASC Network was acquired by HealthSouth Corporation (NYSE:HLS) in 1997.


Allegiance Hospice
Lowell, MA

Allegiance Hospice Group was a hospice provider serving patients in New England. Allegiance was acquired by SolAmor Hospice, a wholly-owned subsidiary of Sun Healthcare Group (formerly NASDAQ: SUNH) in 2009.


Bravo Health
Baltimore, MD

Bravo operates Medicare Advantage plans that specialize in serving chronically ill Medicare beneficiaries. Bravo was acquired by HealthSpring, Inc. (formerly NYSE:HS) in November 2010. Healthspring was acquired by Cigna (NYSE-CI) in January 2012.


Collaborative Group
Stony Brook, NY

The Collaborative Group is a contract manufacturing organization ("CMO") that provides research, formulation, manufacturing, and proprietary materials to the life sciences, pharmaceutical, and consumer products industries. Its two divisions were sold to Dow Chemical (NYSE:DOW) and Engelhard (formerly NYSE:EC) in 2000 and 2004, respectively.


Habit Holdings
Boston, MA

Habit provided outpatient treatment services to individuals addicted to opiate-based drugs. Habit was acquired by CRC Health Group in February 2014. CRC was acquired by Acadia Healthcare (NASDAQ:ACHC) in February 2014.


LifeMetrix
McLean, VA

LifeMetrix acquired our portfolio company Accountable Oncology Associates (AOA) in 1998. AOA (renamed Quality Oncology) provided disease management services to cancer patients. Quality Oncology was acquired from LifeMetrix by Matria Healthcare (formerly NASDAQ:MATR) in 2002. Matria was acquired by Alere (NYSE:ALR) in February 2008.


NovaMed
Chicago, IL

NovaMed develops, acquires and operates outpatient surgery centers in partnership with ophthalmologists. NovaMed went public in 1999 (formerly NASDAQ:NOVA). NovaMed was acquired by Surgery Partners (NASDAQ:SGRY) in May 2011.


Neighborhood Diabetes
Woburn, MA

Neighborhood Diabetes is a distributor of testing supplies, insulin pumps, and pharmacy medications to diabetic patients. Neighborhood was acquired by Insulet Corporation (NASDAQ:PODD) in June 2011.


Pathology Partners
Dallas, TX

Pathology Partners operates a specialty anatomic pathology reference laboratory focused primarily on gastroenterology disease diagnosis. In May 2005, Caris Diagnostics purchased Pathology Partners. Caris Diagnostics was acquired by Miraca Holdings (OTC:MRCHF) in November 2011.


Patient Care
West Orange, NJ

Patient Care operated Medicare-certified home health agency locations in three Northeast states. Patient Care was acquired by Almost Family, Inc. (NASDAQ:AFAM) in July 2008.


PayerPath
Richmond, VA

PayerPath provides internet-based transaction processing services to health care providers and payors. PayerPath was acquired by Misys Healthcare Systems, the U.S. division of Misys, plc (LSE:MSY.L) in January 2006. Misys Healthcare merged with Allscripts (NASDAQ:MDRX) in March 2008.


Phase Forward
Waltham, MA

Phase Forward's software products enable sponsors of clinical trials to more efficiently capture, manage and review patient medical data. The Company went public in 2004 (formerly NASDAQ:PFWD). Phase Forward was acquired by Oracle (NASDAQ:ORCL) in April 2010


Psychiatric Solutions
Nashville, TN

Psychiatric Solutions, Inc. ("PSI") owns and operates freestanding psychiatric inpatient facilities and manages psychiatric units within general acute care hospitals. PSI went public in August 2002 (NASDAQ:PSYS). PSI was acquired by Universal Health Services (formerly NYSE:UHS) in November 2010.


Radiant Research
Bellevue, WA

Radiant Research is a comprehensive clinical research and development company serving the biopharmaceutical and medical device industry. Radiant's two divisions were sold to Covance (formerly NYSE:CVD) and Swiss Biosciences AG in 2006 and 2007, respectively.


SemperCare
Dallas, TX

SemperCare develops and operates long term acute care hospitals ("LTACs"). SemperCare was acquired by Select Medical Corporation (NYSE:SEM) in 2005.


Theraphysics
Nashville, TN

Theraphysics developed, acquired and operated outpatient physical therapy clinics. Theraphysics was acquired by Matrix Rehabilitation, a division of Beverly Enterprises (formerly NYSE:BEV), in 1998.


Titan Health
Sacramento, CA

Titan Health developed and managed practice-based surgery centers in partnership with physicians. Titan was acquired by United Surgical Partners International in September 2011. USPI was acquired by Tenet Healthcare (NYSE:THC) in June 2015.


Trilogy Health Services
Louisville, KY

Trilogy develops and operates long-term care facilities in non-urban, midwestern markets. Trilogy was acquired by Lydian Capital Advisors in October 2007. Trilogy was acquired by Griffin-American Healthcare REIT in September 2015.


U.S. HealthWorks
Valencia, CA

U. S. Healthworks is the second largest operator of occupational health care centers in the nation. U. S. Healthworks completed a partial recapitalization in January 2010.


U.S. Renal Care
Dallas, TX

U.S. Renal Care operates dialysis centers providing services related to end stage renal disease. USRC was acquired by Leonard Green & Partners in July 2012.


Vantage Oncology
Manhattan Beach, CA

Vantage Oncology operates radiation oncology centers for the treatment of cancer patients. Vantage was acquired by McKesson Corporation (NYSE:MCK) in April 2016.


Vericare
San Diego, CA

Vericare is the largest national provider of behavioral health services to patients in skilled nursing facilities. Vericare was acquired by MedOptions, a portfolio company of Summit Partners, in May 2016.


 
 

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