Sep 20, 2010
Sanare, LLC and its founders announced today that they have partnered with Bertram Capital to capitalize the company and complete its first acquisition. Sanare is a leading provider of care management solutions that improve the health and reduce the medical costs of people with diabetes. Sanare will achieve these goals through more frequent diagnostic testing, education and advocacy of care with key stakeholders.
Sanare is led by industry veteran Ron Geraty, who co-founded Sanare after spending nine years as the Chief Executive Officer of Alere. "Diabetes is a chronic condition of epidemic proportions in the United States. We hope to build a company that can integrate solutions which reinforce diabetes management priorities for healthcare payors, physicians and people with diabetes," said Geraty. "Bertram's investment strategy aligns well with our vision for Sanare. Their focus on building innovative, fast growing companies will make Bertram a valuable partner for us."
"We are excited to partner with Ron and his team, who have a proven track record of building and growing successful healthcare services companies," said Ken Drazan, Managing Director at Bertram Capital. "Care management and healthcare cost containment have been two areas of investment focus for us, and we look forward to launching an innovative business model to address the diabetes market."
Sanare is actively seeking add-on acquisitions to complement its strategy of providing care management products and services that target people with diabetes. Potential acquisitions include consumer and physician-oriented diabetes education tools, care management technology platforms, and manufacturers and distributors of clinical products that target the diabetes market.
Boston based Covington Associates served as the financial advisor to Sanare's founders. Weil, Gotschal & Manges LLP served as Sanare's legal counsel. Perkins Coie LLP advised Bertram Capital as legal counsel, and Catalyst Consulting Group provided accounting due diligence support.
Launched in 2010, Sanare is an innovative healthcare products and services company that provides care management solutions designed to improve the health of people with diabetes and reduce the cost of their medical care. Sanare achieves these goals through more frequent diagnostic testing, education, and advocacy of care with key stakeholders including patients, physicians, caregivers and payors. Proprietary tools, technology and resources put Sanare at the forefront of total diabetes health. Sanare is led by industry veteran Ron Geraty, who co-founded Sanare after spending nine years as the Chief Executive Officer of Alere Medical. The company is based in Reno, NV, with offices in Warren, MI, Miami, FL, and Conway, AR.