University Park, Pa. -- The master of business administration student-managed Garber Venture Capital Fund at the Penn State Smeal College of Business closed its investment in Healthy Humans LLC, a provider of e-health portals for patients and doctors to improve health outcomes and lower costs, during the spring 2010 semester. The $150,000 investment will be used to expand the Healthy Humans HealthHub continuity-care platform to additional physician practices and insurers.
The Healthy Humans HealthHub provides continuity care for patients when outside the physician's office. Developed by a team of leading medical doctors and enterprise software developers, HealthHub bridges the gap between appointments for physicians and their patients by providing ongoing communication, medical monitoring, personalized health management, and early intervention when necessary. The platform is easy-to-use yet rich in content and tools to improve physicians' ability to manage and improve patient health and to empower patients in their own health improvement.
"We thank all the Penn State MBA students for recognizing the need to change the model of health care between patients and physicians," said Anthony Gold, CEO of Healthy Humans. "This investment will enable us to help more physicians manage and improve the day-to-day health of their patients while lowering practice costs and ultimately patient health care costs."
Students in the Garber Venture Capital Practicum course within the Smeal MBA Program recommended this investment following extensive due diligence by student teams. The Healthy Humans investment was recommended from a group of five investment opportunities presented to the class at the beginning of the semester. According to David Lipson, director of the Garber Venture Capital Center at Smeal, "Exposure to real investment opportunities, in real companies, in real time, with real money, is absolutely the best way for our MBA students to understand the venture capital process and the stresses between early-stage investors and entrepreneurs."
About Healthy Humans
Healthy Humans develops powerful yet user-friendly e-portal health solutions designed to improve health outcomes while lowering costs. The Healthy Humans team of leading medical doctors and enterprise software developers created HealthHub, a patient-empowering medical home platform that provides continuity care and enhanced care-coordination to improve the quality of care that physicians can provide to their patients. Healthy Humans is based in Wayne, PA. For more information on Healthy Humans, visit www.healthyhumans.com.
About The Garber Venture Capital Fund
The Garber Fund was established in 1999 with a $5 million commitment from Penn State alumnus John Garber and his wife Bette to bring reality to the teaching of entrepreneurship and venture capital. The fund is part of the Nittany Lion Venture Capital Association (NLVC), an MBA student-run management group that works with small companies and other investment groups in early stage business planning, execution, and due-diligence assignments. NLVC forms part of Smeal's highly acclaimed entrepreneurship program, in which students are immersed in real-life situations throughout their studies.
For more information on Nittany Lion Venture Capital or the Penn State Entrepreneurs Network, contact Anthony Warren, Farrell Clinical Professor of Entrepreneurship, at 814-865-4593.