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Venture Capital News: Duet Health Receives Investment

2013-10-02
COLUMBUS, OH, Leading mobile healthcare communications company, today announced an investment from Baird Capital.
Duet Health, a leading mobile healthcare communications company, today announced an investment from Baird Capital.

Duet Health, founded in 2009 in Columbus by Jeff and Ivan Harper, has developed client and strategic partner relationships with Central Ohio organizations such as OhioHealth, Nationwide Children's Hospital, Ohio State and Cardinal Health. They have also worked with regional and national organizations, including Boston Children's Hospital, Brigham and Womens Hospital, The Center for Disease Control (CDC), the FDA and Wolter's Kluwer Health.

Duet's growth is the result of a unique technology platform that puts personalized information into the hands of patients and creates an opportunity for healthcare organizations to engage and interact with patients while gathering valuable insight during the course of care. What started as mobile applications on the iPhone and Android has grown to tens of thousands of patients using tools powered by Duet for a variety of programs. Duet forecasts this to grow to more than 100,000 patients by the end of 2014.

'Duet is changing the face of communications in the healthcare industry with unique technology which delivers new ways for healthcare providers to educate, engage and communicate with patients. This is a tremendous opportunity for Duet Health. They are providing state of the art healthcare solutions and Baird's investment will help accelerate their growth to become a national force in the industry,' said Bill O'Donnell, Board Member, Duet Health.

Duet is currently piloting new tools through its proprietary technology platform, which will deliver timely content from some of the nation's leading healthcare content providers to Physicians, Nurses, and Residents - further expanding the Duet Network.

'The role technology is playing in changing healthcare is enormous-and is evolving more quickly than anyone could have predicted. This partnership with Baird Capital will enable us to continue to innovate and rapidly expand as the need for new software and new deliveries for greater success in outcomes and operational efficiency are still in their infancy,' said Jeff Harper, co-founder of Duet Health.

Duet continues to work closely with prominent national health leaders, including Dr. John Brownstein, a globally renowned Epidemiologist and Professor of Pediatrics at Harvard Medical School, in creating the mobile application for the 'Flu Near You', allowing individuals to engage with the most up-to-date flu activity at a regional, state or national level. Duet is also working with Dr. Josh Korzenick, one of the country's leading Crohn's and Colitis experts, a professor at the Harvard Medical School and medical leader at Brigham and Women's Hospital, in launching a program that will allow patients to participate in their care and give patients the ability to track and share symptoms with their physician. Duet is currently working with Nationwide Children's Hospital to track the effectiveness of enhanced education and engagement on patient outcomes.

About Duet Health
Duet Health is a mobile healthcare communications company that puts information readily in the hands of patients during the course of care. Founded in 2009, Duet Health's clients include OhioHealth, Cardinal Health, Nationwide Children's Hospital, and the CDC. Visit their website (www.duethealth.com) for more information.

About Baird Capital
Baird Capital makes venture capital, growth equity and private equity investments in strategically targeted sectors around the world. Since 1989, Baird Capital's U.S. Private Equity group has invested in growing and profitable lower-middle-market companies in the Business Services, Healthcare, and Industrial and Consumer Products sectors. Having invested in more than 270 companies over its history, Baird Capital partners with entrepreneurs and, leveraging its executive networks, strives to build exceptional companies. Baird Capital provides operational support to its portfolio companies through teams on the ground in Asia, a proactive portfolio operations team and a deep network of relationships which together strive to deliver enhanced shareholder value. Baird Capital is the direct private investment arm of Robert W. Baird & Co. For more information, please visit www.BairdCapital.com.
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