# HealthQuest Capital

> HealthQuest Capital is a healthcare investment firm providing growth equity and flexible capital to companies ready to commercialize and expand. It backs medical devices, diagnostics, healthcare IT, services and pharma services, pairing investment with operating experience and healthcare industry relationships. The firm reports approximately $2 billion in assets under management.

- **Founded:** 2013
- **Headquarters:** Redwood City, United States
- **Founders:** Garheng Kong (Founder and Managing Partner), Randy Scott (Co-founder and Founding Partner), David Kabakoff (Founding Senior Partner)
- **Products:** Growth Equity, Tactical Opportunities, Portfolio operating and strategic support
- **Notable:** Fund II closed at $225 million in 2016, above its initial $175 million target., Fund III closed at $440 million in 2019., Fund IV closed at its $675 million hard cap in 2022.

## Products & services

- **Growth Equity** — Growth capital for commercial-stage healthcare companies expanding operations and market presence.
- **Tactical Opportunities** — Flexible investment structures for healthcare businesses, including recapitalizations and investments alongside existing sponsors.
- **Portfolio operating and strategic support** — Support through investment professionals, operating partners, an Industry Advisory Board and a Healthcare IT Council.

## Achievements

- Fund II closed at $225 million in 2016, above its initial $175 million target.
- Fund III closed at $440 million in 2019.
- Fund IV closed at its $675 million hard cap in 2022.
- OrganOx, whose February 2025 financing HealthQuest led, was acquired by Terumo for approximately $1.5 billion in October 2025.
- HistoSonics announced a management-led majority acquisition valuing the company at approximately $2.25 billion in August 2025; HealthQuest was an existing investor.

## Latest updates

- **2026-09** — Participated in Thyme Care’s more than $125 million Series E, announced September 2.
- **2026-06** — Connie Health announced a Clearlink Medicare business acquisition and described its HealthQuest-led $40 million Series B.
- **2026-03** — Assets of former portfolio company Inbound Health were acquired by MedArrive following Inbound’s closure.
- **2026-01** — AnswersNow announced a $40 million Series B led by HealthQuest, with Left Lane Capital and Owl Ventures participating.

## Links

- Website: https://www.healthquestcapital.com/
- LinkedIn: https://www.linkedin.com/company/healthquest-capital/
- Twitter/X: https://x.com/HealthQuest_Cap/

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Profile page: https://yespress.io/healthquest-capital
Published by YesPress — https://yespress.io
Last updated: 2026-10-27