The investment supports ModifyHealth’s continued growth, impact, and ability to improve outcomes for people with chronic conditions.
Atlanta, April 12, 2023 /PRNewswire/ — ModifyHealth™, an innovative food-as-medicine platform and provider of medically appropriate foods, welcomes VTC Ventures as a strategic addition to its Series B investment led by RC Capital and Nashville Capital Network. The funding will support ModifyHealth’s continued growth of its category-leading food-drug solutions and further expansion of its nationwide operations to deliver meaningful patient outcomes.
Midland Capital is a member of the investment syndicate which recently launched the Food, Nutrition and Health Investor Alliance (FNHIC), which will drive $2.5 billion Private investment over the next three years to improve health outcomes through hunger and food. The Alliance plans to highlight and financially support an incredible amount of emerging technological innovations that harness the power of affordable and nutritious food to end hunger and improve human health.
Working directly with patients and partnering with payers, employers, and healthcare systems, ModifyHealth’s Turnkey FIT™ (foundation, immersion, transition) The program reduces costs and improves outcomes for chronic conditions such as type 2 diabetes, high blood pressure, kidney disease, obesity, and irritable bowel syndrome, where dietary management is the recommended treatment.
“The evidence supports what we all intuitively know—healthy diets and lifestyles are central to preventing, managing, and in many cases, reversing chronic conditions.” says ModifyHealth founder and CEO GB Pratt. “For many with chronic conditions, the ‘want’ for a healthy lifestyle exists. It’s the ‘how to’ that becomes the challenge. Our program is designed to make the ‘how to’ simple, achievable and sustainable. We look forward to partnering with VTC Ventures and together I’m excited to hopefully impact lives.”
“Partnering with high-growth, high-impact companies that deliver sustainable value to the healthcare industry and, ultimately, better health outcomes for patients are central to our values.” said James RameyJD, Managing Director at VTC Ventures. “The team at ModifyHealth has experienced rapid growth nationally, and we look forward to supporting the company’s mission with this investment.” As part of VTC Ventures’ investment, Carilion Clinic – a nonprofit healthcare system serving one million people of Virginia Blue Ridge and Southwest Virginia – Will explore using the ModifyHealth platform in patient care. “VTC Ventures’ investment aligns with Carilion’s commitment to incorporating lifestyle medicine as a foundation for healthy outcomes,” said Michael JeremiahMD, FAAFP, Chair of Family and Community Medicine and Senior Medical Director of Population Health at Carilion. “Our clinical team is excited about the potential of this platform to support our patients and value-based care initiatives in the communities we serve.”
ModifyHealth changes lives by making food as medicine simple, effective, and enjoyable for providers and patients. With home-delivered low-FODMAP, gluten-free, Mediterranean, plant-based, and low-sodium meals, ModifyHealth provides dietitian support, remote patient monitoring and education to ensure lasting benefits. ModifyHealth’s turnkey programs improve outcomes and costs associated with treating chronic conditions such as diabetes, heart disease, kidney disease, irritable bowel syndrome (IBS) and dietary management. Transform health partnerships with providers, payers, employers and patients to make healthy diet and lifestyle adoption a reality. For more information, please visit modifyhealth.com.
About VTC Ventures
Managed by Midland Capital, VTC Ventures is a private investment fund focused on life sciences and food/agritechnology opportunities in the Commonwealth of Virginia and opportunities outside of Virginia with connections to Virginia Tech and/or Carilion Clinic. VTC Ventures aims to commercialize innovative technologies, accelerate growth and build long-term value with exceptional management teams. For more information, please visit www.vtcventures.com.
Media Contact: Ryan Moskowitz
chief Brand OfficerModify health
Source modification health