AP NEWS
Press release content from Business Wire. The AP news staff was not involved in its creation.
PRESS RELEASE: Paid content from Business Wire
Press release content from Business Wire. The AP news staff was not involved in its creation.

Concord Health Partners Completes Investment in MIVI Neuroscience

May 14, 2019

SUMMIT, N.J.--(BUSINESS WIRE)--May 14, 2019--

Concord Health Partners (“Concord”), a healthcare focused investment firm, has completed an investment in MIVI Neuroscience, Inc. (“MIVI”), a medical device company that provides innovative products for neuro-interventional procedures. The investment reflects Concord’s approach of investing in healthcare companies that offer innovative and proprietary technologies with the potential to lower costs, improve outcomes and enhance the value of care.

There has been significant global growth in the utilization of endovascular stroke therapy procedures since the publication of compelling data from several independent clinical trials in 2015 and 2016 that highlight the value of such techniques in clearing occlusive blood clots from large cerebral vessels. MIVI’s product portfolio provides physicians with innovative tools designed to help improve outcomes, shorten procedure times and make treatment available to potentially more patients by providing easier access to difficult to treat smaller vessels in the brain.

About Concord Health Partners

Concord Health Partners (“Concord”) is a healthcare focused investment firm with a strategic partnership model that optimizes the alignment of interests between investors and portfolio companies. Concord is primarily focused on investing in healthcare companies that have the potential to enhance the value of care through products, services, technologies and solutions that lower costs, improve quality and/or expand access to care. Concord was formed in 2017 by Founder & Managing Partner, James Olsen, a former healthcare investment banker with Bank of America Merrill Lynch and Jefferies. In 2018, Joseph Swedish, a senior healthcare executive and former Chairman & CEO of Anthem, Inc. joined Concord as Co-Founder & Partner.

For more information, please contact James Olsen at Concord Health Partners at info@concordhp.com or 212-508-7090.

View source version on businesswire.com:https://www.businesswire.com/news/home/20190514005700/en/

CONTACT: James Olsen

Concord Health Partners

info@concordhp.com

212-508-7090

KEYWORD: UNITED STATES NORTH AMERICA NEW JERSEY

INDUSTRY KEYWORD: VENTURE CAPITAL HEALTH MEDICAL DEVICES PROFESSIONAL SERVICES MEDICAL SUPPLIES

SOURCE: Concord Health Partners

Copyright Business Wire 2019.

PUB: 05/14/2019 10:37 AM/DISC: 05/14/2019 10:37 AM

http://www.businesswire.com/news/home/20190514005700/en