A Long Island-born investment fund with a taste for tech has acquired an award-winning Manhattan-based digital health platform.
Topspin Partners, formerly headquartered in Roslyn Heights and now based in Mamaroneck, announced Wednesday that it has taken a controlling interest in Remedy Health Media, a New York City digital specialist known for its inspirational videos and award-winning online brands. Financial terms of the deal were not disclosed.
In addition to its popular HealthCentral website, a respected hub for healthcare news and medical information, Remedy Health Media’s brands include Berkeley Wellness, an online collaboration with the University of California-Berkeley’s School of Public Health, and TheBodyPro, an HIV resource for healthcare professionals.
Remedy Health Media CEO Mike Cunnion will continue to lead the company’s management team under the Topspin Partners banner.
“This is an exciting time in digital health,” Cunnion said Wednesday. “With Topspin’s experience and network in media and information services, they are the ideal partner to help Remedy maximize its potential.”
Topspin Partners Managing Partner Leigh Randall said in a statement that Remedy Health Media “has differentiated itself with its immersive, inspirational patient stories,” adding such content “will continue to drive its growth going forward.”
Once a primary contributor to the Accelerate Long Island business-development fund, Topspin Partners has a history of backing regional technology companies, dating back to its 2001 launch. In October, the now-Westchester County-based fund announced a fresh $1.5 million stake in frequent investment target Codagenix Inc., a Broad Hollow Bioscience Park resident with a unique vaccine-creation platform.