Melissa D. Ton, MD
Dallas-based OccMD LLC, a physician-led medical and nurse case management company, has entered into a strategic partnership with Nashville-based healthcare-focused private equity firm Council Capital.
Council Capital said its investment will be used to scale OccMD’s services and introduce it into more states and lines of insurance business. OccMD said it gets better medical outcomes for injured workers at a fair cost for employers and other payers.
“For decades, we’ve seen this approach produce excellent outcomes for injured workers and billions of dollars in cost savings for employers and their insurance carriers,” said OccMD founder and Chief Medical Officer Melissa D. Tonn said in a statement. “Our clients and their employees report high levels of satisfaction, and we are thrilled to collaborate with Council Capital on the next steps in our journey.”
Terms of the deal, which closed on March 20, were not disclosed.
OccMD provides medical management services for organizations whose employees have complex work-related injuries or illnesses. Physician medical directors, led by Tonn, create and oversee evidence-based treatment plans and nurse case management programs.
OccMD provides timely access to, and accountability from, highly qualified specialists, which it said helps to promote recovery.
Council Capital said it has expanded OccMD’s board of directors and leadership team, including the addition of two of Council Capital’s CEO Council Members, Chris Feeney and Dr. Kenneth Hannigan, both of whom are veterans of workers’ compensation managed care.
Founded in 2000 by Tonn, OccMD offers an array of workers’ compensation and injury benefit services that include medical case management, physician-led nurse case management, independent medical exams, peer reviews, and medical provider networks across several states.
Get on the list.
Dallas Innovates, every day.
Sign up to keep your eye on what’s new and next in Dallas-Fort Worth, every day.
R E A D N E X T
-
Mobility startups from coast to coast—including those focused on innovative ideas to transport people or goods—are invited to apply. The unique accelerator program supports startups in the automotive ecosystem, ranging from AI-powered industry solutions and transportation infrastructure to dealer support and related services.
-
In 2023, founders searching for venture capital found fewer investors and less money. Pitchbook reports that the number of U.S. deals in the first three quarters of 2023 was just slightly higher than the number made during the same period in 2018. In North Texas, it was a similar story. But even as investment markets have tightened, Dallas-based Beyond Capital is working to reverse that trend by investing in more startups. In the first quarter of 2024, it’s opening its third fund to new investors. Beyond Capital looks for startups in need of Seed to Series A investment. What…
-
In a world reshaped by remote work and virtual services, do Americans still believe that owning a car is essential to getting ahead? Researchers investigated how vehicle ownership impacts upward mobility post-pandemic—from employment to social benefits.
-
The newly established Texas Capital Foundation is following the first round of grant awards by opening again for new submissions this November.
-
Capital One partners with Dallas-Fort Worth universities to help first-gen students break down barriers to access and opportunity.
