HCAP Partners, a private equity firm based in California that focuses on impact investing, has made a strategic investment in Real Diagnostics, also known as RealDx. RealDx is a clinical laboratory that provides quick and precise diagnostic testing for conditions like urinary tract infections, toxicology, respiratory issues, and women’s health. This investment follows Salt Creek Capital‘s recent acquisition of RealDx and is intended to help expand access to high-quality diagnostic services in various healthcare environments. The financial terms of the deal were not released.
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RealDx works with a broad network of healthcare providers, including doctor offices, specialty clinics, and skilled nursing facilities in 17 states. The company stands out by delivering lab results within 24 hours, enabling direct communication between physicians and lab staff, and using its own technology to improve the accuracy of diagnoses.
Stefan Okhuysen, a Partner at HCAP Partners, praised RealDx for its innovative technology, which provides faster and more accurate results for healthcare professionals. He said the company’s focus on efficient operations and high-quality staff aligns with HCAP’s mission to support healthcare businesses that achieve strong financial results while also making a positive social impact.
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Cary Breese, the incoming CEO of RealDx, has over 20 years of leadership experience in healthcare and technology companies. He is known for co-founding NowRx, which reached $35 million in revenue, and for leading a successful InsurTech company. Breese is confident in RealDx’s innovative base and its trusted partnerships with healthcare providers. With support from Salt Creek Capital and HCAP Partners, he believes the company is well-positioned to increase its reach and continue offering fast and reliable diagnostics that improve patient care.
Dan Mytels, Managing Partner at Salt Creek Capital, said RealDx is ready for growth with a strong leadership team and clear opportunities to expand into new areas and build stronger relationships with insurance payors. He welcomed the partnership with Cary, HCAP, and the management team to further scale the business and build on RealDx’s reputation as a top diagnostic service provider. In addition to supporting growth, HCAP Partners plans to help RealDx adopt the Gainful Jobs Approach, which is HCAP’s own framework for improving job quality standards within its portfolio companies. RealDx already has a strong foundation for employee well-being, and HCAP will work closely with the company to improve workplace policies, offer more career development opportunities, and enhance employee growth as the business expands. The investment deal was led by HCAP Partners’ team members Stefan Okhuysen, Ben Consoli, and Bekhruz Nuriddinov, who are excited to support RealDx’s next phase of expansion and its impact in healthcare diagnostics.
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