H.I.G. Growth Partners Invests in Carebox's Innovative Platform
H.I.G. Growth Partners, the dedicated growth capital investment affiliate of H.I.G. Capital, has announced a significant equity investment in Carebox. Carebox is a recognized software platform that effectively connects patients, families, and healthcare professionals with groundbreaking treatment options through clinical trials.
The Role of Carebox in Clinical Trials
In collaboration with over 40 leading life science firms, research organizations, and foundations, Carebox focuses on ensuring that patients can access essential treatments. By harnessing AI and automated systems, Carebox has developed an innovative platform named CareboxConnect. This technology assesses patient eligibility for clinical trials based on their condition, treatment history, and genomic data, ensuring they are matched with relevant studies swiftly. The platform has garnered attention, with over two million users exploring its capabilities.
Quotes from Leadership
Brian Weiss, the founder and CEO of Carebox, highlighted the importance of their mission. He emphasized, "No patient should miss an available treatment option or clinical trial due to a lack of awareness. Our technology enables a seamless connection for patients and doctors to discover potential treatments as we facilitate partnerships with innovators in the healthcare realm. We are excited to collaborate with H.I.G. Growth to enhance our outreach and impact more patients effectively."
Albert Koh, Principal at H.I.G. Growth, commended the work Carebox has done, stating, "The Carebox team has developed an incredible software solution. Their technology significantly simplifies the process for patients identifying and engaging with ongoing clinical trials. By combining our expertise in operations and resources, we are poised to help them expand their reach and serve even more patients in need of treatment."
The Significance of Investment
This strategic partnership marks a pivotal moment for Carebox as it looks to enhance its services further. The investment from H.I.G. Growth Partners brings valuable operational insights and resources, allowing Carebox to make substantial advancements in technology and patient engagement. In a market that is undergoing rapid transformation, Carebox’s platform is becoming an essential tool for many.
About Carebox's Mission
Carebox aims to streamline the often complex and frustrating process of finding clinical trial information. As it tackles this challenge, it also addresses the bottleneck in clinical trial recruitment, which has become a significant concern in the evolving $100 billion drug development market. By prioritizing patient access to data and improving recruitment strategies, Carebox continues to be at the forefront of this transformation.
About H.I.G. Growth Partners
H.I.G. Growth Partners has established itself as a leader in growth capital investment, focusing on various high-growth sectors including healthcare, technology, and financial services. With about $66 billion under management, the firm is dedicated to supporting businesses that are poised for transformation while offering strategic guidance and operational assistance. This investment will enable H.I.G. Growth to further solidify its position in the healthcare technology space.
Contact Information
For more information, reach out to:
Albert Koh
Principal
H.I.G. Growth Partners
One Sansome Street
37th Floor
San Francisco, CA 94104
P: 415.439.5500
Visit: higgrowth.com
Frequently Asked Questions
What is the primary focus of Carebox?
Carebox is focused on connecting patients with clinical trials through its innovative technology platform.
How does the partnership with H.I.G. Growth benefit Carebox?
The partnership provides Carebox with necessary resources and operational insights to scale its platform and services effectively.
What is CareboxConnect?
CareboxConnect is a platform developed by Carebox that matches patients with clinical trials based on their eligibility.
How many patients has Carebox influenced to date?
Carebox's solutions have attracted over two million visitors, aiding patients and physicians in finding relevant clinical trials.
Where is H.I.G. Growth Partners headquartered?
H.I.G. Growth Partners is based at One Sansome Street in San Francisco, California.
