When we first met Luke, Pete and Devan from CapExpert back in 2022 we were really impressed by their hands-on experience in ambulatory care services and the medical equipment aftermarket. Their founder-market fit was off the charts, and it was also in a space (outpatient facilities) that we viewed as representing an inflection point in healthcare. At nvp capital we have built a thesis in the healthcare industry and the movement of care closer to the patient has been a trend we’ve seen play out over time. We’ve also made a number of investments in the supply chain and logistics space and so seeing the CapExpert team building at the intersection of HC and supply chain was too good to pass up!
CapExpert is a groundbreaking company that is transforming the procurement and management of medical equipment in the outpatient care sector. As healthcare continues to evolve towards more cost-effective and accessible outpatient settings, CapExpert is poised to address some of the industry’s most pressing challenges with its innovative platform. While its impact will be felt in the world of healthcare – particularly with Ambulatory Surgery Centers (ASCs), hospitals and Group Purchasing Organizations (GPOs) – its ability to modernize procurement processes, operational efficiencies, and streamline core business functions had our whole team geared up and diving in.
It’s well established that outpatient care facilities, such ASCs, are at the forefront of the healthcare sector’s shift from traditional inpatient facilities. These centers are not only more cost-effective but also improve patient accessibility – and the need for them is growing rapidly. The market for ASCs is expected to grow by 12% over the next five years and by 22% over the next decade due to the ongoing shift of surgeries from inpatient to outpatient settings (Provista). However, the rapid growth in this sector has highlighted significant inefficiencies in the procurement and management of medical equipment, often still reliant on outdated, manual processes.
This is where CapExpert steps in. By combining asset management and procurement into a single, cohesive platform, CapExpert is revolutionizing how outpatient facilities manage their equipment. The platform offers real-time analytics and AI-driven predictive maintenance, significantly reducing costs and enhancing operational efficiency. For facility administrators under pressure to maintain optimal daily operations without compromising care quality, CapExpert’s solution is nothing short of transformative.
We are particularly excited about CapExpert because it’s platform provides a modern, integrated approach that streamlines these critical processes, making it easier for outpatient facilities to maintain high standards of care while reducing operational costs. Not only is this approach essential for the continued growth and success of the outpatient care industry – but we’ve seen it work in the industrial sector as more and more businesses look to new tech-based solutions for improved and digitized procurement processes (i.e. Volition, GearFlow), and well as AI applications to optimize daily operations (see Ship Angel and Optimal Dynamics).
Moreover, CapExpert leverages cutting-edge technologies like real-time data analytics and AI-driven predictive maintenance. These technologies streamline operations and improve equipment utilization, ultimately enhancing patient care. The ability to predict maintenance needs and manage equipment lifecycle effectively means fewer disruptions and better service delivery in outpatient settings. This technological edge is a key factor in why we believe CapExpert is poised to make a significant impact in the healthcare sector.
In addition to its alignment with our investment theses, we are equally impressed by the founding team. The founding team, consisting of Luke Johnson, Pete Stahl, and Devan Telken, brings deep industry experience and connections. Together, their backgrounds in business development, partnerships, and sales in the healthcare sector uniquely position them to navigate the complex outpatient care landscape, shape an innovative platform, and execute on a dynamic go-to-market strategy. We are thrilled to join this seed round led by Fika and with participation from other leading firms such as Mucker.
The future of outpatient care is bright, and CapExpert is at the heart of this transformation. By providing a comprehensive, integrated solution for equipment procurement and management, CapExpert is not only improving operational efficiency but also enhancing the quality of care in outpatient facilities. With its innovative platform, experienced leadership, and strategic approach, CapExpert is well-positioned for long-term success, and we are proud to be a part of this exciting opportunity.
