Medical Device News Magazine

Ajax Health Appoints HealthQuest Managing Partner Garheng Kong as Chairman

About Medical Device News Magazine

About Medical Device News Magazine. We are a digital publication founded in 2008 located in the United States.

Advertise with Medical Device News Magazine! Join Our #1 Family of Advertisers!

We pride ourselves on being the best-kept secret when it comes to distributing your news! Our unique digital approach enables us to circulate your...

Dr. Garheng Kong, MD, Ph.D., MBA, Managing Partner of HealthQuest Capital (“HealthQuest”) has been appointed Chairman of the Board of Directors of Ajax Health.

Ajax is a company focused on developing and accelerating high-growth companies in medtech, healthcare services and healthcare IT that focus on truly innovative approaches to solving major issues in healthcare. HealthQuest, a healthcare-focused growth equity investor, is the longstanding capital partner of Ajax and most recently led the financings of Ajax 2 and Ajax 3, two investment vehicles raised in 2019.

Ajax 2 is currently developing Ablacon, an AI-driven mapping system to guide the treatment of atrial fibrillation; Cortica, a provider of advanced therapies for autism and neurodevelopment; and EP Map, a 3-D mapping system for use in electrophysiology procedures. Ajax 3 is currently developing Protaryx Medical, a company developing a first-in-class cardiac device for transseptal access to the left atrium; Verix Health, a platform of steerable devices enabling minimally invasive delivery of diagnostic and therapeutic tools; and Bronx Medical, a device spinout of Verix that specifically targets interventional pulmonology.

“Garheng Kong and HealthQuest have been invaluable partners to Ajax since our inception and have provided much more than capital alone. Their insight as healthcare investors spans across healthcare modalities, and their understanding of later-stage operation and commercialization greatly enables the Ajax model of laser-focused execution in bringing our companies to exit,” said Duke Rohlen, Founder, CEO and Managing Director of Ajax Health. “We are thrilled to have Garheng’s oversight as Chairman, and believe this is a natural extension of our partnership and in line with how Ajax and HealthQuest have worked together to date.”

A physician, scientist, and engineer by training, Dr. Kong has over two decades of experience investing in innovative healthcare companies with a long list of successes (20+ IPO/M&A exits). He also serves on the boards of LabCorp (LH), Alimera Sciences (ALIM), StrongBridge (SBBP), Be The Match, and the Duke University Medical Center and is an Aspen Institute Health Innovators Fellow and Kauffman Fellows Mentor. Dr. Kong holds an MBA, MD and PhD from Duke University, and two BS degrees from Stanford University.

“We’ve been continually impressed by Duke and his team since partnering with them in 2016 on their development of device company Spirox (and sale to Entellus), and through the evolution of the Ajax Health platform. They are world-class operators with a proven ability to repeatedly identify and accelerate unique high-potential health tech assets,” said Dr. Kong.

Medical Device News Magazinehttps://infomeddnews.com
Medical Device News Magazine provides breaking medical device / biotechnology news. Our subscribers include medical specialists, device industry executives, investors, and other allied health professionals, as well as patients who are interested in researching various medical devices. We hope you find value in our easy-to-read publication and its overall objectives! Medical Device News Magazine is a division of PTM Healthcare Marketing, Inc. Pauline T. Mayer is the managing editor.

Other News

HeartFlow Introduces Next Generation Interactive Plaque Analysis Platform to Assess Patient Risk in Suspected Coronary Artery Disease

The HeartFlow Plaque Analysis uses proprietary algorithms to analyze coronary CT angiogram (CCTA) scans, creating a personalized 3D model that quantifies and characterizes plaque volume in the coronary arteries, aiding risk assessment of coronary artery disease. The technology was introduced at the Society of Cardiovascular Computed Tomography (SCCT) Annual Scientific Meeting in Washington, D.C.

Ultrahuman Announces its App Store ‘PowerPlugs’ with the World’s First AFib Detection Technology on a Smart Ring

Recognizing each individual’s health journey is unique, PowerPlugs enable people to choose and focus on the aspects of their health that matter most. It’s designed for highly personalized health insights, ensuring that every individual can personalize their health tracking to their unique needs and goals.

VisionAir Solutions Celebrates Milestone and New Collaboration

This achievement marks VisionAir Solutions commitment to bringing technological innovation to pulmonary medicine. Since its acquisition by Theken Companies last year, VAS has over doubled its growth and continues to demonstrate industry adoption and the advantages of personalized healthcare.