Indianapolis’ Novia CareClinics raises $1M for on-site clinics

INDIANAPOLIS, Indiana — Novia CareClinics LLC has raised $1 million in debt for its on-site, employer-affiliated health clinics, according to a Securities and Exchange Commission filing.

The company says it operates 18 clinics for 16 employers and is in the process of opening up six new clinics for six different employers. Clients include Symmetry Medical Inc., a Warsaw, Ind.-based manufacturer of orthopedics devices and the government of Fishers, an Indianapolis suburb.

Client companies pay Novia a monthly per-employee charge, plus actual costs for clinic staffing, generic prescription drugs, lab tests and replacement supplies. Employees don’t pay for the services or prescriptions obtained from the clinic.

A client company’s employees and their dependents are typically eligible to obtain services at Novia’s clinics, though the client company may choose to make others eligible, such as retirees or part-time workers. Novia says its clinics help employers lower costs by paying less for basic health services and improving employees’ health.

Novia CareClinics was founded in 2005 and reported annual revenue between $1 million and $5 million, according to the regulatory document.

The company received a $1 million equity investment in June, according to another regulatory document.

Novia’s president and co-founder, Eric Olson, didn’t immediately return a call.