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HLM Adds Two New Partners as Firm Celebrates 40 Years of Backing Companies Transforming Healthcare
[February 15, 2024]

HLM Adds Two New Partners as Firm Celebrates 40 Years of Backing Companies Transforming Healthcare

HLM, a leading healthcare investment firm backing innovative and category-defining services and technology companies, announced today that it is expanding its senior leadership team as Michael Ludwig and Joseph Mayer, M.D. join the firm as Partners. They will work closely with long-time Partners Enrico Picozza and Ed Cahill to lead the firm through its next phase of growth.

Michael and Joseph will be instrumental in identifying new healthcare opportunities, supporting portfolio companies and fundraising for HLM Fund VI. They join an experienced team of Partners and Principals with a long track record of investing in and supporting a wide array of successful healthcare companies, such as AbleTo, CareBridge, InnovaCare, Main Street Health, Phreesia, RubiconMD, Teladoc, and VaxCare.

Ed Cahill, HLM Partner, commented: "We are excited to have Mike and Joe join HLM. Their additions demonstrate our ability to attract world-class talent to support the growth of our platform, as we build on HLM's 40-year track record of investing in successful healthcare companies. Having known Joe for more than 10 years, we knew he would represent a great fit for HLM. His entrepreneurial nature, hands-on approach to supporting portfolio companies, and best-in-class network will ensure his success here. Mike's diverse transactional background and healthcare market knowledge will bring significant additional epertise to the team."

Michael Ludwig joins HLM from MTS Health Partners, a leading boutique healthcare-focused investment bank where he led the firm's healthcare technology coverage. While at MTS, he also founded Elements Health Ventures, a venture capital firm investing in early and growth-stage healthcare technology and services companies. Prior to joining MTS in 2012, Michael worked at The Lewin Group, a healthcare consulting firm. He received a BS in Economics from Tufts University, MPH from the Columbia University Mailman School of Public Health, and MBA from Columbia Business School.

Michael Ludwig said: "Joe and I are excited to take on these roles and contribute to the ongoing success of HLM. HLM has a unique brand in the market and storied reputation. I am thrilled to join such a well-respected firm with Joe, who I have known for almost 10 years. We believe this is a moment-in-time to invest in healthcare; we look forward to making an immediate impact."

Joseph has spent his entire career in healthcare as a physician, founder and executive, and an investor. Most recently, Joseph served as President and Director of Onehome, a leading care-in-the-home benefit manager and value-based provider after sourcing and co-leading the investment into the company. He was at Onehome through its sale to Humana in 2021 and subsequent expansion. While a Resident, Joseph founded, raised capital and served as CEO of a healthcare technology company. He earned his M.D. at the Columbia University College of Physicians & Surgeons and trained in Psychiatry at The Mount Sinai Medical Center.

Peter Grua, HLM Partner, said: "It is fantastic to have Mike and Joe join the team, to add to the leadership for our firm. Mike and Joe's backgrounds are highly complementary and perfectly suited for HLM's investment strategy. We know they will each make an immediate impact to our firm, our portfolio companies and the next generation of HLM."

About HLM

HLM is a leading healthcare investment firm, providing capital to innovative and category-defining healthcare technology and services companies. HLM works with leading growth-oriented healthcare companies that are improving the quality of healthcare while reducing overall costs. HLM has built an extensive network of talented investment professionals, deep strategic relationships and experienced industry veterans. Since its founding 40 years ago, HLM has invested more than $1 billion, building more than 100 companies. For more information and for a list of portfolio companies, please see

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