Spectrum Equity and Blue Venture Fund Invest in PWNHealth

Everly Health (Everlywell) Acquires PWNHealth; Farragut Capital Exits Investment

October 17, 2020

Healthcare Services

Everlywell (now Everly Health) acquired PWNHealth as part of a consolidation to expand its at‑home diagnostic testing and telehealth capabilities. Farragut Capital Partners announced the successful exit of its investment in PWNHealth, which had been backed by growth investors including Spectrum Equity.

Blue Venture Fund Makes Strategic Growth Investment in Bluestone Physician Services

August 2, 2021

Healthcare Services

Bluestone Physician Services, a portfolio company of WindRose Health Investors, received a strategic growth investment from the Blue Venture Fund to support scaling its integrated, home- and residential-based primary care and care coordination model. The investment is intended to leverage BVF's deep payor relationships and value-based care expertise to expand Bluestone's reach and capabilities serving high-risk, chronically ill geriatric and disabled patients.

Everlywell Acquires PWNHealth and Home Access Health to Form Everly Health

March 1, 2021

Healthcare Services

Everlywell has acquired PWNHealth and Home Access Health Corporation and created a new parent company, Everly Health. The combined business will expand Everlywell's at-home diagnostic and telehealth capabilities, with PWNHealth rebranded as Everly Health Solutions and operating as an independent subsidiary while the companies scale services to enterprise clients and consumers across the U.S.

Spectrum Equity Leads $156M Investment in VBA

August 21, 2023

Software

Spectrum Equity has invested $156 million to acquire a majority stake in healthcare benefits software company VBA, with existing investor Arthur Ventures participating. The funding will be used to accelerate product development and grow headcount as Spectrum partners with VBA’s management by joining the board.

Spectrum Equity and Health Enterprise Partners Lead Majority Recapitalization of Payer Compass

January 4, 2019

Healthcare Services

Payer Compass, a Dallas-based provider of healthcare reimbursement technology and price transparency solutions, received a majority recapitalization led by growth equity firm Spectrum Equity alongside Health Enterprise Partners. The investment will support product and go-to-market expansion across health plans, self-insured employer groups, third-party administrators and brokers; representatives from both investors will join Payer Compass’ board.

Spectrum Equity Invests in OurFamilyWizard

April 1, 2020

Cloud & SaaS

Spectrum Equity, a growth equity firm, has made a significant investment in OurFamilyWizard, the Minneapolis-based co-parenting application, to accelerate product development and scale the business. As part of the transaction, Nick VanWagner was named CEO and Spectrum principals Ben Spero and Parag Khandelwal will join OFW's board while the company's founding leadership remains in place.