About Deerfield

Launched in 1994, Deerfield Management Company is an investment firm dedicated to advancing healthcare through information, investment, and philanthropy—all toward the end goal of cures for disease, improved quality of life, and reduced cost of care.

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Supporting companies across the healthcare ecosystem with flexible funding models…

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Delivering market research to the Deerfield team, its portfolio companies and other partners.

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A New York City-based not-for-profit devoted to advancing innovative health care initiatives.

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Portfolio Companies

Deerfield generally maintains a combined portfolio of more than 150 private and public investments across the life science, medical device, diagnostic, digital health and health service industries at all stages of evolution from start-up to mature company.

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Research Collaborations

Deerfield partners with leading academic research centers, providing critical funding and expertise to further sustain and accelerate the commercialization of discoveries toward meaningful societal impact by advancing cures for disease.

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Strategic Partners

As a strategic partner, Deerfield offers capital, scientific expertise, business operating support, and unique access to innovation.

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Deerfield Foundation

The Deerfield Foundation is a New York City-based not-for-profit organization whose mission is to improve health, accelerate innovation and promote human equity.

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Cure Campus

Cure is a 12-story innovations campus in New York City that intends to bring together innovators from academia, government, industry, and the not-for-profit sectors to advance human health and accelerate the fight against disease.

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Cure Programming

Cure has a series of expert lectures intended to advance thought in healthcare, management, innovation, policy, and other relevant subjects. This fosters growth and education for those at Cure and its guests.

Events at the Cure

Deerfield Announces up to $50 Million Investment in Fidelis SeniorCare

January 06, 2014 08:30 AM Eastern Standard Time 

NEW YORK–(BUSINESS WIRE)–Deerfield Management Company announced today that it has entered into a secured loan facility with Fidelis SeniorCare, Inc. for up to $50.0 million in financing. 

The facility provides Fidelis with working capital to expand its delivery of expert clinical care and care coordination for eligible Medicare beneficiaries with complex chronic conditions. Fidelis currently serves approximately 2,000 seniors in Washington and Michigan and was recently selected by the Michigan Department of Community Health as one of six health plans to provide integrated healthcare services to members who are dually eligible for Medicare and Medicaid in Macomb and Wayne counties. This state program is expected to serve approximately 90,000 dual-eligible beneficiaries in these two counties and enrollment is expected to commence in the fourth quarter of 2014. The financing was structured to help Fidelis prepare for the roll-out of this program, as well as to provide potential funding to launch new coverage for similar populations in other markets. 

Under the terms of the facility, Deerfield funded $25 million upon execution of the facility agreement and committed to advance up to another $25 million prior to March 15, 2015, upon the company’s request and provided that specified conditions of disbursement are met. The loan matures in five years and accrues interest at 10.75% per annum. Upon both the initial and subsequent disbursements, Deerfield will receive warrants to purchase shares of Series B Preferred Stock in the company. 

“We believe that the company’s high-touch approach to the care of frail elders is a win-win, aligning the economic interests of the company’s government clients with the clinical interests of the members it cares for,” commented Leslie Henshaw, Partner at Deerfield Management. “Our objective with this facility is to strengthen Fidelis’ financial position in a flexible, minimally dilutive way and to build a long-term relationship that helps Fidelis further its commitment to providing high quality care and services to vulnerable populations.” 

“Fidelis does a superb job of providing high quality clinical care and care coordination services to vulnerable and clinically complex Medicare and Medicaid beneficiaries,” commented Sam Willcoxon, President and Chief Executive Officer of Fidelis SeniorCare. “The team at Deerfield demonstrated a comprehensive understanding of our market and needs. They worked closely with us to create a facility that will enable us to execute into our near and long term strategies. We believe that we have found an excellent partner as we move forward in working with both State governments and as a trusted partner to other health plans in the care of dual eligible beneficiaries.” 

About Fidelis SeniorCare 

Fidelis SeniorCare is a private company headquartered in Schaumburg, IL. The Company provides expert clinical care and care coordination services to dual-eligible beneficiaries through its SecureHome clinics. Fidelis SeniorCare operates as a Medicare Advantage Plan (“Fidelis SecureCare”) or as a trusted partner to Medicare Advantage Plans, in Michigan and Washington. More information about Fidelis is available at .   

About Deerfield Management Company 

Deerfield is a leading investment management firm, committed to advancing healthcare through investment, information and philanthropy. For more information about Deerfield, please visit . 


Deerfield Management Company
Karen Arnone, 212-922-1349
[email protected]