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Healthcare

Our Healthcare investments include device, distribution and service companies focused on the healthcare industry. A few of our portfolio companies are profiled below.

Advanced Practice Strategies

Headquartered in Boston, Advanced Practice Strategies is a national leader in innovative, instructional solutions promoting patient safety, jury education and medical risk management.  The APS eLearning division offers web-based training to physicians and nurses, designed to reduce medical error and increase patient safety.  The curriculum is based on real world experience from thousands of medical malpractice claims through work with a variety of hospitals and insurers, including Risk Management Foundation of the Harvard Medical Institutions and other leading players.  The APS eLearning programs have been proven to help hospitals and clinicians significantly reduce risk and enhance patient safety across the country.  APS is also a pioneer leader in the field of demonstrative evidence for the courtroom.  The Company has built a reputation for providing expert, strategic counsel as well as high quality medical illustrations, helping clients to achieve a 97 percent win rate for tried cases.  In 2009, Mass Capital invested in APS to support the Company’s rapid growth.

Visit Website: www.aps-web.com.

CRI

Headquartered in Woburn, CRi is a biomedical imaging company which has been providing comprehensive imaging and analysis solutions to academic and commercial customers for more than 20 years.  With over 80 patents issued and pending, CRi’s innovative solutions address sub-cellular, cellular and whole animal application areas.  CRi’s Nuance system can cost-effectively transform an ordinary laboratory microscope into a multispectral imaging system.  The Vectra automated tissue analysis system provides automated multiplexed analysis of tissue sections.  The Maestro in-vivo imaging system represents the gold-standard in small animal fluorescence-based optical imaging.  The company also develops advanced software analysis tools.  CRi systems are in use worldwide, enabling breakthroughs in clinical research, health and medicine.

Visit Website: www.cri-inc.com

MicroCal

MicroCal was founded in 1977 with the mission to develop, manufacture and market ultrasensitive calorimeters.  Prior to the formation of MicroCal, commercial calorimeters were extremely difficult to use, had long experimental times and required large amounts of sample due to poor sensitivity.  As a result, the use of microcalorimetry was limited almost exclusively to specialists who devoted themselves primarily to calorimetry.  Over the past thirty years, MicroCal has been privileged to participate in the development and advancement of an important technology that has found broad application in the basic research of biomolecules and the discovery and development of many new therapeutics and biotherapeutics.  There are over 7,900 peer reviewed publications that include data collected on MicroCal products.  In 1999 Mass Capital provided MicroCal with mezzanine capital that was used to support a recapitalization led by Riverside Partners.  In 2008 MicroCal was acquired by GE Healthcare.

Visit Website: www.microcal.com

PointRight, Inc.

Founded in 1995, PointRight is a healthcare data and analytics company focusing on the long term care industry. The Company’s mission is to improve the quality of healthcare through data analytics that help long term care facilities improve their financial, clinical, regulatory and operational performance while reducing the cost of professional liability risk. PointRight services combine advanced analytical methods, public and proprietary databases, and expert, hands-on consulting to reveal meaning and opportunity in the data that defines these highly regulated industries. PointRight is the industry leader in providing data driven analytics and decision support services to long term care, assisted living and insurance carriers. MCRC invested in PointRight in 2010 to help support the Company’s expanded sales and marketing activities.

Visit Website: http://www.pointright.com/

United Medical Systems

United Medical Systems (DE) Inc., formed in 1996, is a leading market provider of state-of-the-art mobile medical equipment and services to hospitals and physicians throughout 34 U.S. states and four countries.  The company provides a broad range of services including lithotripsy, stereotactic breast biopsy, prostate laser treatments and imaging services.  By using UMS’ mobile units, the medical centers eliminate the need to dedicate a room in their facility to these procedures or purchase the required equipment, which results in significant costs savings.  The company is headquartered in Westborough, MA.  In 2004, MCRC provided subordinated debt financing to assist the company with an acquisition.

Visit Website: www.ums-usa.com