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Salix Ventures is unique among health care venture capital firms. As executives in numerous healthcare service companies, we created, built and managed successful health care companies, so we understand what it takes to develop an idea into a strong enterprise. Throughout the 1980s and 1990s, we served in senior operating, financial, development, legal, and managed care positions, and we participated in all stages of the life cycle of health care companies. During this period we built operating teams through the recruitment of experienced managers; implemented information systems to coordinate multi-site organizations; developed and acquired complementary business lines; structured and raised capital in equity and debt financings; negotiated major contracts with payors, physicians, hospitals, and strategic partners; established regional management divisions; and completed successful public offerings and other liquidity events. As a result, we can provide true value-added assistance - much more than money - to early-stage companies. To learn more about our team members, click a name below.
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Chris founded Salix Ventures with David Ward in 1997 and works in the Andover, MA office. Prior to Salix, he managed CGJR Health Care Services Group, a Nashville-based health care venture fund since May 1995. Previously, he served as a senior manager for a series of venture-backed health care start-ups.
In 1985, Chris joined MediVision, serving as its Chief Financial Officer and later as President and a Director. MediVision was the first company to develop specialized outpatient surgery centers. In 1989, MediVision was sold to Medical Care International, where Chris served as Senior Vice President and Treasurer until 1993. Medical Care, then the largest operator of outpatient surgery centers in the country, was acquired by HCA in 1994.
Chris joined Heritage Surgical Corporation in Nashville in March 1993, where he served as Chief Operating Officer and a Director. Heritage Surgical merged with Surgical Health Corporation in January 1994, and Chris joined Surgical Health as Chief Operating Officer. Surgical Health was acquired by HealthSouth Corporation in May 1995.
Chris received a B.A. from Williams College in 1976 and his J.D. from Boston University in 1979. He practiced law in Boston from 1979 until 1985.
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David founded Salix Ventures with Chris Grant in 1997 and works in the Nashville, TN office. Prior to Salix, David was instrumental in the start-up and growth of two companies. As Vice President of Development at MedCath (Nasdaq:MDTH), a cardiovascular services provider, he was instrumental in conceiving, planning, and executing the company's strategy for developing specialty heart hospitals, the first independent, freestanding specialized facilities in the United States dedicated to cardiovascular care.
David commenced his career at Bain Capital and was part of a team that conceived, developed, and implemented the business plan for MediVision. As Director of Development and then Vice President of Operations, David acquired, developed, and later managed, numerous eye surgery centers and their affiliated practices. After MediVision was acquired by Medical Care International, David served as Medical Care's Vice President of Managed Care.
David graduated Phi Beta Kappa from Stanford University in 1979 with an A.B. in economics and received his J.D. and M.B.A. from Stanford University in 1983.
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Mark joined Salix as a Principal in September 1999 and became a Venture Partner in April 2007. Mark has been involved in the health care industry, both as an investor and operator, for most of his professional career.
After spending two years developing and implementing business information systems for clients at Andersen Consulting, Mark worked as an Associate at Summit Partners, a large Boston-based private equity firm. At Summit, Mark focused mainly on investing in health care services and health care information technology companies.
While at Summit, Mark was involved in founding American Dental Partners, Inc. (NASD:ADPI), a dental practice management company. Mark joined ADP as Manager of Corporate Development and was instrumental in ADP's achieving $50 million in revenue in its first year of operations. After receiving his M.B.A., Mark worked at Ferrer Freeman Thompson & Co., a private equity firm focused on health care.
Mark graduated from Princeton University in 1990 with a B.A. in Architecture and received his M.B.A. from Harvard University in 1998.
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