Baton Rouge, LA – Louisiana Fund One has made its first portfolio company exit. Joseph F. Lovett, Managing General Partner, announced the sale of its preferred stock investment in Labyrinth Health Care (d/b/a Patient Care). Patient Care has enjoyed tremendous growth to become of the nation’s leading patient advocacy firms, researching and resolving health insurance claims and billing issues, answering benefits questions, helping with appeals for denied claims, making physician appointments and performing other informational services. Patient care assists over 1.5 million patients annually.
About The Louisiana Fund I
The Louisiana Fund I is an early-stage venture capital fund focused on the identification of investment opportunities emanating from research universities and other organizations in the state of Louisiana. LFI targets companies developing commercially promising technologies with an emphasis on those originating in Louisiana universities, Louisiana companies and companies relocating to Louisiana. Areas of interest include pharmaceuticals, biotechnology, agritechnology, information technology and other high technology opportunities that offer venture capital returns.
For more information, visit www.louisianafund.com.