When Dr. Khan Nedd, founder of Infusion Associates, met representatives of Boyne Capital in 2018, he already knew he had tapped into a tremendous opportunity. The infusion treatment center's first location in Grand Rapids, Michigan, was growing fast, and Nedd was focused on finding a partner to help take its services to more communities. It was a critical inflection point for the business.
In just over five years following Boyne's investment, Infusion Associates grew sales and earnings by five times, expandiwng from one to 14 locations in four states across the Midwest and becoming a major industry player. "Boyne Capital wasn't just a partner-they were the missing piece we needed to reach our true potential," Nedd says.
Millions of Americans suffer from chronic health conditions such as Crohn's disease or multiple sclerosis, requiring regular infusions of medication. Historically, hospitals administered these treatments, but ambulatory infusion centers are seeing more demand as a convenient, accessible, and cost-effective alternative. This shift echoes what's happened in other areas of health care, such as the growth of outpatient surgical centers and urgent care clinics.
Seeing this trend, Nedd opened his first infusion center in 2001. As demand began to exceed capacity, he planned a second center but sought a partner to help with operations.
This story is from the November 2024 edition of Inc..
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the November 2024 edition of Inc..
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
A Scientific Discovery that Unlocks Your Body's Healing Power
The founder of Stemregen, a company that creates powerful supplements that stimulate the body's natural repair system, explains how a \"fringe idea\" opened up a new world of stem cell therapy.
Transformative Growth: Agency Masters the Art of Evolution
As a destination marketer, Awestruck has mapped out a journey to success by constantly developing its services and its staff.
For the Love of the Restaurant Experience
The founder and CEO of DJB Hospitality shares his passion for the challenging and uniquely rewarding hospitality industry.
Custom PEO Solutions for Blue-Collar Industries
COMPEO is an HR management solutions provider with a jaw-dropping five-figure growth rate.
Homebuying Was BrokenMeet the Founders Here to Fix It
Cecilian Partners is a fast-growing technology firm providing end-to-end solutions for production homebuilders and land developers.
A Focus on Complete Solutions for Regulatory Environments
The Northcross Group develops sustainable processes for clients with compliance needs.
An AI Startup That Sanctifies Time
Created around the idea that time is sacred, Laurel helps clients reclaim it so they can make more money in less time.
The Former Wall Street Analyst Teaching Wealth-Building to the Masses
Empify is a fintech startup providing financial education tools and resources for the 99 percent Wall Street often overlooks.
Delivering Care That Always Puts Patients First
At Cancer and Blood Specialty Clinic, a physician-led team provides patient-centered care through an agile approach prioritizing excellence.
Connecting People and Local Organizations to Solve Social Needs
GroundGame.Health provides a holistic solution that scales one person at a time through human-to-human connection.