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CB Health Ventures

Company

Investment-firm

Financing round

General

About Company
CB Health Ventures manages $150 million in healthcare investments.

Industry

Sector :

Subsector :

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founded date

01.01.1998

IPO status

Private

Description

CB Health Ventures is a venture capital firm based in Boston, United States, with a focus on healthcare services, medical information technology, biotechnology, and genomics. They invest in startups that are 6-10 years old and typically participate in rounds with 5-6 participants. The fund has a preference for founders of portfolio startups and has made investments in companies such as Intrapace, Healthcare Management Directions, and Pathogenetix. CB Health Ventures has a track record of fewer exits compared to other companies, with the highest number of exits occurring in 2019. They typically invest in deals ranging from $10-50 million and have a higher than average number of lead investments. The firm leverages its access to decision-makers in the healthcare industry to create value for its investors and portfolio companies.
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People

Founders
2
Robert Schulz
Robert Schulz

Robert Schulz

Bob Schulz is a Partner at Health Enterprise Partners. Prior to co-founding HEP, Mr. Schulz was a General Partner and co-founder of CB Health Ventures' two funds, CB Healthcare Fund (1997) and CB Healthcare Fund II (2001). Mr. Schulz spent three years as the President and COO of Harris & Harris Group, Inc., a publicly traded venture capital fund. Investments include: Passport Health (recap by Primus), Emageon (NASDAQ: EMAG); acquired by AMICAS, CareMedic Systems (acquired by Ingenix / UnitedHealthcare), CorSolutions (acquired by Matria), SCIOinspire and Continuum Rx. In addition to Skylight, Mr. Schulz is a director of Continuum Rx and SCIOinspire. He was a director of CareMedic Systems, Carefx Corporation, CorSolutions Medical, and Passport Health Communications prior to their sale by CB Health Ventures. Mr. Schulz received a Bachelors and Masters degree in Chemical Engineering from Massachusetts Institute of Technology (1979) and an MBA from Columbia University Graduate School of Business (1983).

current job

Health Enterprise Partners
Health Enterprise Partners

count Of Investments

1

Robert Schulz

Rick Blume
Rick Blume

Rick Blume

Rick Blume has been financing companies in healthcare for over three decades. His early investment banking career involved financing and banking relationships with hospitals, payers, physicians, and new biotech companies. The excitement he saw at Genentech, in its early years, led him to transition into venture capital in the mid 1980's. Rick co-founded CB Health Ventures in 1998 where he assembled what is now the core of Excel including Enrico Petrillo, M.D., Steve Gullans, PhD, and Tricia Moriarty. Rick has served as a director or active investor in many companies including Lantos Technologies, Cytyc (acquired by Hologic - HOLX), AbT (now OSI - OSIP), Somatogen (acquired by Baxter - BAX), EdenTec (acquired by Nellcor), Exact Sciences (EXAS), IPC The Hospitalist Company (IPCM), GeneOhm (acquired by Becton Dickinson - BDX), Zonare, TransMedics, US Servis (acquired by McKesson); and the former public health insurance company Washington National. In addition to Excel, Rick has been active in initiating and teaching courses in venture capital and entrepreneurship at both Boston College Carroll School of Management and Simmons College School of Management, and serving on the Boards of the Chicago Biomedical Consortium and the National Regenerative Medicine Foundation .Rick did his undergraduate studies at University of the Pacific and Stanford. His MBA is from Stanford University.

current job

Excel Venture Management
Excel Venture Management

Rick Blume

Employee Profiles
7
Tricia Moriarty

Tricia Moriarty

Vice President of Finance

Rick Blume

Rick Blume

Managing Partner

Enrico Petrillo

Enrico Petrillo

General Partner

Frederick R. Blume

Frederick R. Blume

Partner

Daniel M. Cain

Daniel M. Cain

Partner

Robert Schulz

Robert Schulz

General Partner and Co-Founder

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