MiHIN and Capernaum Investments Announce Capernaum’s Intent to Acquire Velatura
Detroit, Michigan, June 12, 2025 – Michigan Health Information Network Shared Services and Capernaum Investments today announced they have agreed upon key terms for a transaction that will allow Capernaum Investments to acquire Velatura Public Benefit Corporation from MiHIN.
As a global leader in innovative healthcare investments, Capernaum Investments plans to invest significantly in Velatura, positioning both organizations for long-term growth and greater nationwide impact within the healthcare ecosystem. Both sides expect the transaction to be finalized early in the third calendar quarter of this year.
“We have been very impressed with Velatura, which is a national leader in health information exchanges and data interoperability,” said Stephen Shaya, M.D., Board member of Capernaum Investments. “Velatura will help create an AI center of excellence within our growing portfolio of companies, expanding access to high-quality care while fostering healthier communities.” Alan Kay said it best: “The best way to predict the future is to create it.”
“We look forward to finalizing this transaction so we can join forces to enhance the success and national stature of Velatura.”
The sale of Velatura will enable MiHIN, its parent company and the state-designated Health Information Exchange (HIE), to sharpen its focus on its core mission of serving Michigan and national organizations based in the state by providing products and services that improve health. MiHIN created Velatura in 2019 to expand the successful “Michigan model” of integrated data nationally. This transition marks the natural evolution of that effort, allowing Velatura to pursue new growth opportunities, expand its impact beyond Michigan, and bring innovation to a broader market. At the same time, MiHIN can fully reinvest its energy and resources into strengthening Michigan’s health data infrastructure. This strategic decision supports the long-term success of both organizations and reinforces our commitment to improving health outcomes for all Michiganders.
“Once completed, this transaction will be the proverbial win-win-win for all involved,” MiHIN Board Chair Larry Wagenknecht said. “MiHIN can concentrate on Michigan, while Velatura will have greater access to capital to grow on a national scale. In Capernaum Investments, we’ve found the perfect partner to guide Velatura as it works to accelerate its growth.”
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About MiHIN
Michigan Health Information Network Shared Services, or MiHIN, is a nonprofit corporation created to improve health care quality, efficiency and patient safety through the secure exchange of health information. MiHIN connects health care providers across Michigan, enabling them to share a patient’s electronic medical record securely and confidentially. For more information, visit www.mihin.org.
About Velatura
Velatura is the nation’s leading multi-jurisdictional health data utility, serving as a strategic bridge that connects people, organizations and technology to enable secure, efficient data exchange. Velatura supports interconnected health networks nationwide with market-driven solutions that enable informed decision-making and drive meaningful health care improvements through seamless data integration and collaboration. To learn more, visit www.velatura.org.
About Capernaum Investments
Capernaum was a town on the northwest shore of the Sea of Galilee, significant in the Bible as the center of Jesus’ ministry in Galilee. It’s known for being the location of many of his miracles. Capernaum Investments is a global health care platform dedicated to improving health worldwide. Guided by our mantra, People. Purpose. Pay it Forward., we make strategic investments that leverage J&B Medical’s global channels to connect private capital with impactful opportunities, empowering individuals and communities to reach their full potential and enhance health outcomes.