PACE Healthcare Capital

Kudos to the New Jersey Economic Development Authority (NJEDA), and a special shoutout to Lexie Thomas Demirali, Curtis Lee, Michelle Bodden for your outstanding support to the local healthcare tech innovation ecosystem. The depth and breadth of your programs are truly remarkable. Jon David Willingham and I met so many amazing entrepreneurs and we can't wait to return! 🌟🚀

🏳️🌈 Why Telehealth Makes Sense for the LGBTQ+ Community? 👩⚕️ 🏥 Traditional #healthcare settings often pose significant challenges for #LGBTQ+ individuals. According to the Mayo Clinic (https://lnkd.in/dZp6rwa9), many experience fear and anxiety when seeking in-person care due to potential #discrimination. NBC News (https://lnkd.in/eqJgTwvM) reports that 1 in 3 LGBTQ+ adults have faced unfair treatment by healthcare providers. These statistics underscore the urgent need for a more #inclusive approach to healthcare. 💻 #Telehealth is a game changer. It offers a secure, private environment, significantly reducing the anxiety associated with face-to-face interactions. More importantly, it connects patients with providers who are specifically trained in LGBTQ+ health issues, ensuring they receive #knowledgeable and #empathetic care. In a world where inclusivity and understanding are crucial, telehealth stands out as a powerful tool to ensure that everyone, regardless of their gender identity or sexual orientation, has access to the healthcare they need. 🏳️🌈 🎉 Happy #Pride, #Chicago! Together, let's drive meaningful change in the healthcare landscape. #PrideMonth #ChicagoPride #LGBTQ #Telehealth #DigitalHealthcare #InclusiveCare #HealthcareInnovation #VentureCapital

Today, we commemorate #Juneteenth, a pivotal moment in American history and the long and painful era of enslavement. Though the Emancipation Proclamation took effect on January 1, 1863, ostensibly freeing those enslaved in Confederate States, Juneteenth marks the enforcement of the Emancipation Proclamation finally reaching the most distant corners of Confederate territory with Union troops arriving in Galveston Bay, Texas on June 19, 1865. Meanwhile, the Thirteenth Amendment would still be necessary to end slavery throughout the United States. Juneteenth is a celebration of #emancipation, #resilience, and the enduring spirit of the African American community. It's a day to reflect on the progress made and the work still needed to achieve true #equality and #justice in all aspects of life, including healthcare. We honor this day at PACE Healthcare Capital and reaffirm our commitment to invest in solutions that promote health equity and better ensure quality healthcare for all. Together, we can build a more inclusive and just healthcare system.

🌟 Delighted to see Inc. Magazine recognize my dear friend and brilliant partner, Julia Monfrini Peev, and the unstoppable Hafeezah Muhammad, CEO of Backpack Healthcare! 🎉 Backpack Healthcare is revolutionizing digital pediatric mental health and recently secured a $14M Series A, led by PACE Healthcare Capital. 🤝 We’re doing VC differently at PACE: we reject the “spray and pray” model for a disciplined, deliberate approach that allows us to be better partners both to our portfolio companies and to our investors. 🧗🏽♀️ We’re honored to back impactful digital healthcare tech and diverse management teams changing the face of the industry. #HealthcareInnovation #Diversity #Investment #Startups #Entrepreneurship #Funding #MentalHealth #PediatricCare #Innovation #VentureCapital #DigitalHealth #Healthcare

🌟 PACE Healthcare Capital investing in Backpack Healthcare🌟   We're excited to announce our lead #investment in Backpack Healthcare’s $14 million Series A round! Led by Founder & CEO Hafeezah Muhammad, Backpack Healthcare (formerly Youme Healthcare) is set to transform #pediatric mental health. Their innovative AI-powered app and #teletherapy services address the escalating youth mental health crisis, with a particular focus on Medicaid-enrolled youth.   With over 40 million children in the U.S. dependent on #Medicaid or #CHIP, the need for accessible mental health care is urgent. Backpack Healthcare is bridging this gap, ensuring that every child has the support they need to thrive.   At PACE Healthcare Capital, investing in pediatric mental health is a truly unique opportunity: it is not just about driving returns, it is about nurturing brighter futures for millions of underserved children and investing in the resilience of our society tomorrow. We have so much conviction in Hafeezah Muhammad as a CEO; and no team is better suited to deliver quality, accessible, culturally competent mental health services for children like Backpack - Calvin Harjono, Jenny Ryan, Prashanth Brahmandam, Duke Ruktanonchai, MD, Kim Avery, EdD    We appreciate the support and shared vision of the investors who joined us in the round: ECMC Impact Fund, Collab Capital, Hopelab, Techstars, Jeffrey Walker, and many others.   Together, we are paving the way for a healthier, more inclusive future. Here's to making a positive difference, one child at a time! 🚀 #MentalHealth #DigitalHealth #HealthcareInvestment #VentureCapital #PediatricMentalHealth

🌟 PACE Healthcare Capital investing in Backpack Healthcare🌟   We're excited to announce our lead #investment in Backpack Healthcare’s $14 million Series A round! Led by Founder & CEO Hafeezah Muhammad, Backpack Healthcare (formerly Youme Healthcare) is set to transform #pediatric mental health. Their innovative AI-powered app and #teletherapy services address the escalating youth mental health crisis, with a particular focus on Medicaid-enrolled youth.   With over 40 million children in the U.S. dependent on #Medicaid or #CHIP, the need for accessible mental health care is urgent. Backpack Healthcare is bridging this gap, ensuring that every child has the support they need to thrive.   At PACE Healthcare Capital, investing in pediatric mental health is a truly unique opportunity: it is not just about driving returns, it is about nurturing brighter futures for millions of underserved children and investing in the resilience of our society tomorrow. We have so much conviction in Hafeezah Muhammad as a CEO; and no team is better suited to deliver quality, accessible, culturally competent mental health services for children like Backpack - Calvin Harjono, Jenny Ryan, Prashanth Brahmandam, Duke Ruktanonchai, MD, Kim Avery, EdD    We appreciate the support and shared vision of the investors who joined us in the round: ECMC Impact Fund, Collab Capital, Hopelab, Techstars, Jeffrey Walker, and many others.   Together, we are paving the way for a healthier, more inclusive future. Here's to making a positive difference, one child at a time! 🚀 #MentalHealth #DigitalHealth #HealthcareInvestment #VentureCapital #PediatricMentalHealth

🏳️🌈 ☕ Happy Friday! This morning, we had the pleasure of hosting #MBA students from The University of Chicago Booth School of Business and the #LGBTQ+ network at our office. It was a fantastic opportunity to connect over coffee and pastries (from our favorite spot in the Fulton Market), and to engage with the incredible and #diverse #talents we have in Chicago and the Midwest. Our partners Julia Monfrini Peev and Jon David Willingham joined to talk about Venture Capital, #Leadership and #Diversity. Your insights and interactions made this morning both enlightening and enjoyable! We're excited about continuing these engagements and are looking forward to hosting more events with other universities and affinity groups in the region!

🌟Major Partnership Announcement: one week after announcing FDA approval, PACE Healthcare Capital portfolio company Prenosis announced its collaboration with Roche to bring the Sepsis ImmunoScore™ to hospitals across the US on Roche's navify® Algorithm Suite platform! 🌟   This game-changing #partnership between Prenosis, and Roche Diagnostics USA will focus on the commercialization of the Sepsis ImmunoScore™, the first-ever #FDA De Novo authorized #AI diagnostic tool for #sepsis. This partnership combines Prenosis’s innovative AI with Roche’s global leadership in #diagnostics.   The Sepsis ImmunoScore™ will be available on Roche's navify® Algorithm Suite, offering clinicians and lab managers an integrated solution, and facilitating enhanced decision-making in the diagnosis of sepsis. Numerous studies have demonstrated that earlier diagnosis and treatment of sepsis are crucial for increasing sepsis survival rates, which still accounts for 1 in every 3 hospital fatalities in the U.S. with an estimated 1.7 million American adults developing sepsis each year.   As proud #investors in Prenosis, we're inspired by their breakthrough and excited for the impact this collaboration will have on global healthcare. Congratulations to the teams at Prenosis and Roche! Bobby Reddy, Jr., CEO and Founder; the management team – Carlos Lopez-Espina, Angela McFarland, Robin Carver, RN, MSN, CIC and many more; and all who have meaningfully contributed along the way like Rashid Bashir, Sean Murphy, Edward Ogunro, Maria Siambekos, Kevin Klauer, and many others. 

👏 We’re thrilled to share that PACE Healthcare Capital portfolio company, Prenosis, has been granted #FDA approval for its breakthrough ImmunoScore™, a proprietary artificial intelligence software as a medical device (AI SaMD) for the detection and prediction of #sepsis.  👏 This signifies the FDA’s first-ever approval of an AI #diagnostic tool for sepsis, an elusive yet life-threatening condition responsible for up to 1 in 5 deaths worldwide. Sepsis, which occurs when a person has an overactive response to an infection, costs the U.S. #healthcare system billions of dollars and kills millions of people every year – more than all cancers combined. PACE Healthcare Capital was the first institutional financial investor in Prenosis, and we could not be prouder to be part of its journey.  It has been a privilege to support and witness the company's evolution. We are thrilled to #celebrate this monumental milestone with the Prenosis team: first and foremost, Bobby Reddy, Jr., CEO and Founder; a terrific management team – Carlos Lopez-Espina, Angela McFarland, Robin Carver, RN, MSN, CIC and many more; and all who have meaningfully contributed along the way like Rashid Bashir, Sean Murphy, Edward Ogunro , Maria Siambekos, Kevin Klauer, and many others.  Achieving FDA approval requires a Herculean effort, and this accomplishment speaks volumes about the dedication, hard work, and ingenuity of the entire Prenosis team. But this is even better news for patients. Absent a cure, early detection and treatment – which Prenosis’ Sepsis ImmunoScore aims to better enable – is critical both to improve survivability and limit long-term damage to sepsis survivors. Prenosis exemplifies the impactful #innovation PACE supports in #Chicago and the #Midwest, further demonstrating the region's importance in developing cutting-edge solutions. Prenosis’ success reinforces our commitment to nurturing the area's talent and innovation ecosystem. We are excited to continue supporting trailblazing companies who are making significant contributions to their industries and communities. #Congratulations, again, to the team at Prenosis! Here's to continued success and the bright future of Midwest innovation!