PURE Healthcare Secures $40 Million Funding to Expand Infusion Services Nationwide

On October 7, 2019, VCBeat (WeChat Official Account: vcbeat) learned that PURE Healthcare, the parent company of PURE Infusion Suites, secured $40 million in financing from BUILD Capital Partners. This funding will accelerate the nationwide expansion of PURE Infusion Suites across the United States, thereby more effectively reducing overall healthcare costs.

This financing will enable PURE Infusion Suites to open new infusion centers in communities that stand to benefit the most. PURE Infusion Suites is dedicated to enhancing the patient experience for infusion therapy, improving clinical outcomes, and reducing the overall cost of infusion healthcare.

PURE Infusion Suites, a subsidiary of PURE Healthcare, is a company dedicated to providing high-quality infusion and injection therapies for patients with complex chronic conditions, such as rheumatoid arthritis, Crohn’s disease, multiple sclerosis, and other chronic diseases. PURE has established partnerships with other healthcare communities to help reduce healthcare costs. PURE opened its first state-of-the-art infusion center in Billings, Montana, and currently has multiple locations under construction across various states in the United States.

“At BUILD, we diligently seek out and fund companies that generate positive impact worldwide, deliver strong performance, and lead industry innovation. We are delighted to partner with PURE Healthcare to enhance the overall healthcare experience,” said Brent Jacobsen, Executive Partner at Build Capital Partners.

“Advances in specialty medications have significantly improved the lives of people with autoimmune diseases and other chronic conditions. Unfortunately, when these already expensive drugs are administered in traditional hospital settings, the total cost can be four times higher than receiving care at dedicated infusion centers, such as PURE Infusion Suites. Reducing unnecessary costs within the healthcare system saves money for everyone,” said Josh Tandy, CEO of PURE Healthcare.

Data show that hospital spending constitutes the largest share of the $3.5 trillion in healthcare expenditures, with its growth rate outpacing that of gross domestic product (GDP), inflation, and wage growth. Hospital expenditures account for 44% of individual spending among privately insured individuals.

A report released this year by researchers at Yale University and other institutions found that hospital prices for inpatient care rose by a staggering 42% from 2007 to 2014, while outpatient care prices increased by 25%. In comparison, physician fees rose by 18% and 6%, respectively. “Beyond the obvious cost savings, we also aim to create a more meaningful experience for patients—one that feels like visiting an upscale spa, with private suites and clean, modern designs that foster healing, hope, and relaxation,” said Trey Gardner, co-founder of PURE Healthcare.

BUILD Capital Partners is a new type of private equity investment firm headquartered in Salt Lake City. Like traditional independent investment management firms, BUILD Capital Partners manages assets across various alternative asset classes. BUILD not only provides passive capital but also serves as an active investment partner. It collaborates with outstanding entrepreneurs—primarily in the United States, with additional investments in Chile and Peru—to co-create remarkable ventures.

(Compiled by Tan Jiulin)