Phase2 Health Announces Strategic Partnership, Investment in Agathos, Inc.
CHICAGO and SAN FRANCISCO, Oct. 9, 2018
CHICAGO and SAN FRANCISCO, Oct. 9, 2018 /PRNewswire-PRWeb/ -- Phase2 Health, a Chicago-based commercial advisory and venture capital firm is pleased to announce its strategic partnership with San Francisco based Agathos, Inc, a leading provider of software to reduce costs associated with clinical variation in health systems.
The partnership comes in the midst of a twelve month engagement between Phase2 and Agathos to help refine commercial practices and accelerate growth. As a result of the engagement, Agathos has achieved significant pipeline growth, contracted with some of the largest health systems in the US, and realized 500% increase in monthly recurring revenue. As part of the partnership agreement, Phase2 has made a capital investment in Agathos and will acquire a board observer seat.
"Phase2 Health is proud to be part of the Agathos team as it continues its mission to reduce unnecessary costs in health systems", said Dan Baker, Managing Partner of Phase2 Health. "After surveying top strategic priorities of US health systems, reducing clinical variation was a clear and common goal. Agathos has quickly emerged as a leader in this space."
"Phase2 has been integral to us achieving our growth objectives. They bring significant experience, network and now capital, to our quickly growing organization." said Andrew Trees, CEO of Agathos. "We're thrilled to be expanding our relationship with them towards our mission of reducing unnecessary healthcare costs."
About Phase2 Health: Phase2 Health partners with a select portfolio of high-potential digital health companies by assimilating into the leadership team to accelerate revenue growth and create a foundation for long-term commercial viability. Phase2 Health brings a track record of healthcare sales success and has helped dozens of digital health companies achieve full growth potential. http://www.phase2health.com
About Agathos, Inc: Agathos is the first and leading analytics platform that offers precisely attributed individualized physician metrics and personalized care variation insights on shared inpatient stays leading to physician-led, sustainable behavior change. http://www.agathos.io
SOURCE Phase2 Health