GREENWICH, Conn.--(BUSINESS WIRE)--Amulet Capital Partners, LP (“Amulet”), a middle-market private equity investment firm focused exclusively on the healthcare sector, today announced a new platform investment in Theoria Management, LLC (“Theoria” or the “Company”), an innovative, tech-enabled management service organization providing for the delivery of high-quality, value-based primary care services to senior living communities across the United States. Justin Di Rezze, MD, founder of Theoria, will continue to lead the business as Chief Executive Officer and will remain a significant shareholder in the Company. Financial terms of the transaction were not disclosed.
Theoria employs a unique, patient-centric model to deliver on-site and virtual value-based care for high-acuity patients residing in skilled nursing, assisted living, independent living and continuing care retirement communities. The Company leverages a proprietary technology system that coordinates care delivery among providers, patients and facilities aiming to expand access, improve quality and enhance health outcomes for a high-need patient population. With a steadfast commitment to expanding access to high-quality healthcare, Theoria today manages a national medical group, offering 24/7 provider coverage and delivering comprehensive clinical services to hundreds of senior living communities across 21 states.
“Theoria’s innovative, tech-enabled care delivery model, combined with its team-based clinical approach to improving outcomes, is a truly unique solution in the sector that is shifting the paradigm for how we manage the provision of healthcare services for high-acuity patients in the post-acute setting,” said Carl Zimmerman, Partner at Amulet. “By leveraging proprietary technology and population health data to drive improvements in care coordination and outcomes, Theoria is ideally positioned to address the unique needs of this patient demographic. We are excited to partner with Dr. Di Rezze and Theoria’s exceptional management team to pursue significant practice expansion opportunities as the provider of choice for senior living communities across the country.”
“I am immensely proud of all that we’ve accomplished and the platform we’ve built to date at Theoria. Our partnership with Amulet is a testament to both the dedication of our team and the long-term potential of our innovative model to continue redefining care delivery in the post-acute setting. This partnership will enable us to further invest in our growth, accelerate our efforts, expand our offerings and bring Theoria’s 24/7 solutions to more patients and communities across the country,” said Dr. Di Rezze. “Amulet’s vast healthcare expertise, network of resources and shared commitment to expanding access to high-quality patient care make them the ideal partner for Theoria in this next phase of our growth.”
“Theoria represents the next generation of tech-enabled healthcare service providers, at a time when the post-acute industry continues to navigate clinician shortages, increased administrative burdens and a lack of access to outcomes-focused medical services,” said Jay Rose, Managing Partner of Amulet. “As long-time, dedicated investors in the healthcare sector, supporting businesses and management teams that are innovating in care delivery and expanding access to high-quality healthcare is one of our core investment themes. Theoria is reimagining what senior patient care can – and should – be, and we are excited to partner with Dr. Di Rezze and the entire Theoria team to deliver on its long-term vision.”
Houlihan Lokey served as the exclusive financial advisor to Amulet on this transaction. McDermott, Will & Emery LLP served as legal counsel to Amulet. Cain Brothers served as the exclusive financial advisor to Theoria.
About Amulet Capital Partners
Amulet Capital Partners is a middle-market private equity investment firm based in Greenwich, CT, and Walnut Creek, CA, focused exclusively on the healthcare sector. Amulet seeks to achieve long-term capital appreciation through privately negotiated investments in healthcare companies, focusing on those segments it believes have the most attractive long-term fundamentals. Amulet currently manages approximately $2.7 billion in assets and is investing out of its third fund, which was oversubscribed and closed in July 2024 with approximately $1.2 billion in capital commitments. For additional information, please visit www.amuletcapital.com.
About Theoria Management
Theoria Management is a tech-enabled management service organization supporting a comprehensive medical group practice dedicated to serving patients across the care continuum with an emphasis on post-acute care and primary care. Theoria serves facilities across the United States with a multitude of services to improve the quality of care delivered, refine facility processes, and enhance critical clinical relationships. Theoria’s affiliated medical groups offer a broad scope of services including multispecialty physician services, telemedicine, chronic care management and remote patient monitoring.