KICVentures celebrates 10 years — 6 key notes

Written by Laura Dyrda | March 21, 2016 | Print  |

KICVentures is celebrating its 10th year of healthcare investment.

Here are six things to know about KICVentures:


1. The company has invested around $190 million into medical devices, healthcare services, mobile and information technology as well medical real estate. The company raised $25 million from institutions and high net worth individuals with confidence in KICVentures' management team.


2. Kingsley R. Chin, MD, leads the management team. He is a board-certified orthopedic spine surgeon in academia and private practice. He invested his savings in his first residential investment property, along with $8,000 he borrowed from family and friends, when he was in medical school. He was able to renovate and sell the property in six months for a $100,000 profit — a 50x return.


3. Dr. Chin diversified his healthcare investments to leverage his medical background and experience working in information management systems at Anderson Consulting and Goldman Sachs. He also filed for medical device patents and founded for distant learning.


4. Kingsley Investment Company — KIC — was founded in 2005 and Dr. Chin developed the MANTIS screw technology for minimally invasive fusion surgery under the company. He sold the system's prototype and intellectual property to Stryker for a 100x return.


5. KIC established a philanthropic arm under the Less Exposure Surgery Society to empower surgeons and help them organize in 2007. The society uses entrepreneurship as a platform to bring surgeons, patients, students, researchers and advocates together for better quality care with a focus on outpatient care.


6. Dr. Chin founded SpineFrontier in 2006. In 2008 he founded the LESS Institute, a vertically integrated one-stop outpatient spine and orthopedic surgery provider. The LESS Institute has double-digit annual revenue growth and profitability.


KIC private fund expanded into commercial properties in 2014, purchasing a medical office building in South Florida. The facility is a prototype for LESS Institute's outpatient global vision.


"We understand now is the time to transform our portfolio to accelerate growth and our investor value," said Dr. Chin and Aditya Humad, KIC co-founder and former investment banker with JPMorgan.


More articles on orthopedic devices:
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Medtech, Life Spine, Zimmer Biomet & more: 20 key notes
Titan Spine executive named to FDA-sponsored medical device initiative: 5 key notes

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