TMS Health Solutions is a company that runs seven centers in the San Francisco Bay area. The centers are dedicated to the use of Transcranial Magnetic Stimulation, an innovative treatment that uses electro-magnetic waves to adjust the chemical make-up of the brain. The treatment was initially designed to fight depression, but the centers are also testing its use for other illnesses as well. Co-founder and investor Ara Chackerian believes TMS to be a future pillar of psychiatric care and is willing to support this belief with funding. As a serial investor, TMS Solutions is not the first medical start-up Chackerian has invested in. It also will not be the last.
A lot of the funding that drives the healthcare market can be traced back to the private sector. Wealthy businessmen and entrepreneurs alike invest millions into start-ups and medical treatments every year. Chackerian himself has made such investments his actual career. Under the banner of his holdings company, ASC Capital Holdings LLC, Chackerian has funded many companies such as BMS Diagnostics and PipelineRx. Chackerian is able to find success because he is passionate about healthcare and knows a lot about it. Ara even writes articles for publications like Medium on the subject. His investment in TMS was not so much on the treatment itself but on the passion of one man. Dr. Richard Bermudas who has championed the cause since the FDA approved TMS in 2006.
Ara Chackerian happened to bump into Dr. Bermudas when looking into TMS. In a recent interview, he recounted how Bermudas’s passion sold him on the concept of TMS. Dr. Bermudas, like many doctors within the medical field, was fighting cumbersome legal technicalities in his quest to promote TMS. Chackerian and his partner realized they could shave off some red tape to allow Dr. Bermudas to work more freely. As Chackerian put it they wanted to let Bermudas be a doctor. Thus, TMS was born. So far it has garnered success and merited the expansion to seven locations. It also continues to push forward the treatment itself. Ara Chackerian remains a member of the board and advocate for the treatment itself. Read more about Ara Chackerian: https://hitechchronicle.com/2018/02/ara-chackerian-explains-how-our-mental-health-state-may-largely-benefit-from-our-very-fingertips/