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Brentwood company led by former Change Healthcare CEO raises $22.5M

NASHVILLE, Tenn. — A health care company that recently moved its headquarters from Kansas City to Brentwood has raised fresh capital to help double its national footprint.

Infusion Express, which is changing its name to IVX Health, has completed a $22.5 million round of funding, led by McKesson Ventures and Health Velocity Capital, the company announced Monday. CEO Doug Ghertner said IVX Health, which operates infusion centers for patients with chronic conditions, will use the funds to open as many as 10 new locations by the end of the year, giving the company a total of 20 facilities.

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Infusion Express lands $22.5M growth injection

NASHVILLE, Tenn. — Pharmaceutical infusion center operator Infusion Express has received a $22.5 million round of growth funding and rebranded as IVX Health.

The Brentwood-based company raised the capital to continue expansion in existing markets and new locations. McKesson Ventures and Health Velocity Capital, both of which led a $13.5 million round in 2017, co-led this most recent funding round. Other funders include Nueterra Capital and CrimsoNox Capital.

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Infusion Centers Help Navigate Cost of Care

AUSTIN, Texas — The number of ambulatory infusion centers is growing as more payers refuse to cover biologic infusions for patients with chronic illnesses in hospitals because of the higher costs.

“We tend to be half the cost of the hospital,” said Doug Ghertner, chief executive officer of IVX Health, which has 10 centers in and around Chicago, Kansas City, Philadelphia, and the San Francisco Bay Area.

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Modern Healthcare Recognizes IVX Health as one of the Best Places to Work in Healthcare in 2019

CHICAGO, Illi., May 13, 2019 — IVX Health, a patient-focused alternative to hospital-based infusion centers, has been selected by Modern Healthcare as one of the 2019 Best Places to Work in Healthcare. The complete list of this year’s winners, in alphabetical order, is available here. Modern Healthcare will publish a special supplement featuring ranked lists of all the winners along with the September 30 issue.

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New CEO succeeds founder at one of KC’s fastest-growing companies

KANSAS CITY, Missouri., Feb 22, 2018 /Kansas City Business Journal/ — Don Peterson, who previously was CEO of IVX Health, founded the company just five years ago. Now, he’s stepping back to let someone with more industry know-how steer the Kansas City area’s third-fastest-growing company.

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Former Change Healthcare CEO leading infusion venture

NASHVILLE, Tenn., Feb 7, 2018 /Nashville Post/ — Former Change Healthcare executive Doug Ghertner has been hired to run an infusion services company that last fall landed $13.5 million in backing from three firms.

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